What all do I need to do to train myself to become good at making money in the stock market?
Question:
Monitor MACD, Stochastics and one other thing (I forgot what it was) If all three indicators lines up, you either buy or sell.
Cover Calls: You can make money by sellingl someone the right to buy a stock at a certain price before a certain date. It is like owning property and taking in rent, except you own stocks.
"Protection Put" ?(not sure what it's called): You buy the rights to sell your stocks for a certain price (even if the market price is lower) before a certain date.
What other concepts is there not listed here? Please compare this with your knowlege of the stock market and fill in what is not here that you know.
What all should I do to train myself to become good at making money on the internet? Give me some links or recommend some books please. I want to learn all about trading. I'm an absolute beginner. I don't even have an account opened yet
Answer:
Be patient. Always put a stop on your investment if it is not work
check this book out, Stock Traders Almanac, emphasize the Market cycle, seasonal cycle, presidential election cycle.
Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.
http://www.pathtoinvesting.org/index_fla...
http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:
fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy
technical analysis==(chart+indicator)>> when to buy
Sentiment/schycho analysis==>>mood of investor, Contrarian point of view.
Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
When you combine 3 thing, It is one of the powerful knowledge goinh with you for the rest of your live
At the age of 32. my 401k is amassed 75,000.00 and 30000.00 in taxble account. by follow simple rule
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