"The way to Trade" has been a huge hit! Remember when you study any of this material you are benefiting from many years of experience and a great volume of trades conducted by these traders. You will never be able to replace experience so that is what you are really paying for.

The basics remain basics unless you learn HOW to apply information. Knowlegde is useful, followed by a trading system you understand. Test every concept on paper first without "risk".

You will need a way to get end of day prices either from paper or some data provider and then chart by hand or use computer charting packages to draw your price charts, with technical indicators to help you analyze price chart.

Find a system - something you are comfortable using and build your skills over time. I have been doing my own swing charts and also using Metastock with technical indicators.

I use a variation of "123 System", to time my writing strategies.

(You can get "123 System" and 20 other bonuses bonus by taking up offer - see author bio link.)

Now if you are following a stock make sure you get to know it's every move. I would suggest you only follow ONE stock. The reason is that you will start to understand it better and you will become more successful trading that stock. The same goes for any other trading instrument.

You should be paper-trading before you put any money on line. Don't choose specs for this exercise....

trade big companies...top 20, top 50, top 100.

You need volume and liquidity so check numbers and make sure your chosen stock has a BIG following and is a profitable company.

Build Your Trading Skills Use The Resource List:

1*Knowledge of basics - not just technical analysis

"Trading Secrets Revealed" is a step-by-step trading roadmap that designs excellent money management. http://tinyurl.com/4xml6

"Trading For Beginners" Reducing risk via position sizing(how much do I invest) and applying stop lossess.

http://www.surefire-trading.com/sft.php?offer=tutorxt007&pid=1

2* Using a trading system you feel comfortable with - testing it out thoroughly before investing money.

Learn About Trading Systems http://tinyurl.com/2fgrv

Get Trading Plans http://tinyurl.com/4ehhs

3*Starting off with stocks and building your skills and your knowledge and then trying out other instruments.

"How to Trade Futures Market" http://tinyurl.com/2rcxz

Regards, Joseph Sgro THE 10 Simple Rules Ezine http://www.tutorhelp.com.au/ezine.html

P.S. Happy reading!!

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================================================== Copyright(C) Joseph Sgro 2005 Further this discussion by reading: "10 Simple Rules to Make Serious Money in Sharemarket and Keep it!" http://www.tutorhelp.com.au/sharemarket.html

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Joseph Sgro started THE 10 Simple Rules Ezine is an paid subscription ezine as a way of telling people how to avoid the same trading errors he made.

He states, "My education has been expensive and if you do things right you will get educated cheaper than me".

Another good example of where patience pays is with cars. You're likely to pay near full price for a car when new year model is released. If you have patience to wait 9 months, you can get same brand new car for a lot less as dealer tries to sell out inventory for next new car models coming in. If you have even more patience and can wait a couple of years (and don't mind a slightly used car) you can save yourself thousands more.

Patience can save is many small ways which together add up to a lot of money. You can pay $25 for family to go to movies to see latest release or wait a few months and rent movie for less than $5. That's a 500% savings. You can pay full retail price for latest Harry Potter book, or wait less than a month and pick it up on an online auction or used bookstore for a fraction of price. If you have a little more patience, you can borrow it for free from your local library.

While patience in combination with other traits like organization and research can multiply saving benefits, those who have a hard time with those other skills can still save by merely being patient. All it takes sitting back, taking it easy and waiting a few months until all hype around product in question disappears.