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Re: gert_66 post# 13524

Thursday, 04/03/2014 1:19:44 PM

Thursday, April 03, 2014 1:19:44 PM

Post# of 32544
Good educational resources:

StockCharts' Chart School - http://stockcharts.com/school/doku.php?id=chart_school

ClayTrader's Videos - start with Robotic Trading. His board is here: http://investorshub.advfn.com/ClayTradercom-27618/

ClayTrader's Videos are here: http://claytrader.com/store/

If you have about $1200 - $1400 to spare, go to The Man who brought Japanese candlestick trading to America, Steve Nison. He has an excellent DVD series (Mega Package) on Candlestick Charting, etc. ClayTrader touches on quite a bit of this (and will help you build a great foundation) but Steve Nison's stuff is more detailed and takes it to another level:

www.candlecharts.com - Get the Mega Package if you can. If not, at the very least, pick up his book.

It wouldn't hurt to throw in some learning on how the Economy works as well as Economic Indicators. For Dummies books have some excellent books on this. Learning Financial Analysis and Technical Analysis in addition to learning about how the Economy and Economic Indicators work may help your investing / trading a lot.

Last but not least, paper trade, paper trade, paper trade. OTC companies are usually the worst to cut your teeth on. I would stick with higher exchanges until you learn how the OTC game usually works (generally pump and dumps and companies are not selling anything but shares). Good luck! The above can save you a lot of $$$ if you invest in your education first, practice what you learned and then use small amounts of real money later on the major exchanges while you learn how the shark infested waters of OTC stocks work.

P.S. Take what you read on iHub with a grain of salt. Learn how to research, dig deep for info and monitor the psychology of boards like iHub and Yahoo Finance boards. With experience, you will begin to know who the pumpers are from the helpful posters.
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