Technical Analysis 101

[4Godnwv]

Tools -

“If all you have is a hammer, everything looks like a nail.”

StockCharts - http://stockcharts.com/ -

1. Click on the above link, and take an hour or two to tour the site.
(If you are familiar with StockCharts you can jump to link #4 )

2. At the top of the page there are a series of tabs.
Click the one marked "Chart School" - http://stockcharts.com/education/ -

The "Chart School Table of Contents" can be found ½ way down the page

3. Click on "Technical Indicators and Overlays" - http://stockcharts.com/education/IndicatorAnalysis/index.html -
Here you’ll find a list of indicators and oscillators. (From time to time we will be referring to this list of indicators, so you might wanna bookmark it)

4. Click on the 1st link in the list - "Introduction to Technical Indicators and Oscillators"
- http://stockcharts.com/education/IndicatorAnalysis/indicators1.html -

Read it!!! Yes, all of it. Take as long as you need, but read it.

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Eventually, you will want to purchase a subscription. The basic charting service is only $ 9.95 per month. Here is a link to the 'services' page -
http://stockcharts.com/corp/services.html

Now let me warn you that you are going to hear people [or a voice inside your head] say "Hey, the free charts are good enough!"

Yes, if you want to start with $500 and end up with $300 within 30 days, free will be just fine. If you would rather invest larger sums of money and actually increase your account balance, you will need to get rid of the 'free' mentality. If it's free, it's probably worth it! If you don't have $9.95 per month, you are probably not yet ready to trade stocks.