TIAF,
whilst I think a little more thread reading might have helped, I for one am sorry you got your head handed to you... to **** with this, it was plain rude and would earn a broken nose in any pub I've ever been in.
Whilst this site does indeed have a wealth of good ideas on it, they are sprinkled at random - to get the basics under your belt would be a good move, and ta decent book is still the best method for that sort of thing. You could perhaps first decide if you are going to invest based on technical Analysis or Fundamentals, TA is chart reading mainly, FA is reading accounts and working out (in theory) what a fair price for the share is - or will be any month now.
I would suggest TA is easier to start with and equally valid - for FA read a book such as Jim Slater's "ZULU principle" or anything by "The Motley Fool"... personally I consider most of that stuff to be based on eyewash, but that's just opinion. It will (particularly the TMF stuff) include a decent guide to making a valuation of a company.
TA - William Jiler wrote a short book 'How Charts Can Help You In the Stockmarket' which teaches the absolute basics of reading a price and volume chart ... by all means go on from there to learn all about indicators, Candle patterns and so forth, but price and volume analysis that leaves you with a decent clue to the market forces is never going to hurt.
After reading Jiler (or any basic primer on chart reading) you'll have a much better idea of where to go and read next. It is very easy in TA to overcomplicate and go bust whilst knowing all sorts of esoteric stuff. More importantly you'll be able to make more sense of the postings here and spot which to pay attention to, which to ignore. Ignore any book with more than 150 small pages - Murphy, for example, is great to follow on with after the essentials are sorted, but a total newbie has no idea which pages (there are over 540) are important.... is knowing how the TRIN/TRIX works of sonsequence when you don't even know what the tick marks on a price bar stand for?
Start small - being able to understand what a simple bar or candle chart is showing is the first step in TA, until you've got that sorted ignore the rest.
For FA - sorry, wrong place <g>
All the best,
dave
whilst I think a little more thread reading might have helped, I for one am sorry you got your head handed to you... to **** with this, it was plain rude and would earn a broken nose in any pub I've ever been in.
Whilst this site does indeed have a wealth of good ideas on it, they are sprinkled at random - to get the basics under your belt would be a good move, and ta decent book is still the best method for that sort of thing. You could perhaps first decide if you are going to invest based on technical Analysis or Fundamentals, TA is chart reading mainly, FA is reading accounts and working out (in theory) what a fair price for the share is - or will be any month now.
I would suggest TA is easier to start with and equally valid - for FA read a book such as Jim Slater's "ZULU principle" or anything by "The Motley Fool"... personally I consider most of that stuff to be based on eyewash, but that's just opinion. It will (particularly the TMF stuff) include a decent guide to making a valuation of a company.
TA - William Jiler wrote a short book 'How Charts Can Help You In the Stockmarket' which teaches the absolute basics of reading a price and volume chart ... by all means go on from there to learn all about indicators, Candle patterns and so forth, but price and volume analysis that leaves you with a decent clue to the market forces is never going to hurt.
After reading Jiler (or any basic primer on chart reading) you'll have a much better idea of where to go and read next. It is very easy in TA to overcomplicate and go bust whilst knowing all sorts of esoteric stuff. More importantly you'll be able to make more sense of the postings here and spot which to pay attention to, which to ignore. Ignore any book with more than 150 small pages - Murphy, for example, is great to follow on with after the essentials are sorted, but a total newbie has no idea which pages (there are over 540) are important.... is knowing how the TRIN/TRIX works of sonsequence when you don't even know what the tick marks on a price bar stand for?
Start small - being able to understand what a simple bar or candle chart is showing is the first step in TA, until you've got that sorted ignore the rest.
For FA - sorry, wrong place <g>
All the best,
dave
