Quote:
Originally Posted by Jewce
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This is definitely a great way to get into it. While you're building up for your first couple purchases, I recommend doing some intensive reading into both fundamental and technical indicators. Mastering the interpretation of these is key to success in investing. Learn what signs indicate a swing or a bounce.
For instance: Assume a golden cross (50day moving average swings above 200day moving average, indicates bullish momentum), and a few days later you see the stochastics oversold and price below moving average price.. technically a great time to buy. Fundamentally though, look at the EPS, beta, daily volume vs average volume to see what people are doing. Technicals are usually a safe way to bet, but you can't always predict what people will do based on technicals alone.
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For a bison farmer I did not expect this level of understanding
[You must be logged in to view images. Log in or Register.]. If you dont know what he's talking about go learn, because it is very 100% true. Understanding charts and fundementals is a huge benefit.