| If you're looking for success with stock-market | | | | any chart it is usually possible to see examples of |
| investing then you should apply these 10 simple tips | | | | why a particular system works and also why it |
| to help you. | | | | doesn't work both at the same time. Charts are |
| 1. There's an old Chinese proverb that goes | | | | useful, it is well-known that a picture is worth a |
| something like this "Prophecies are hard, particularly | | | | thousand words.The best way to use stock charts is |
| with regard to the future!" The one fundamental | | | | to look at them and study what you are seeing and |
| thing you have to accept when you are investing in | | | | then apply that information to your trading. |
| the stock market is that you cannot predict what is | | | | 5. Always ask questions, never accept anything at |
| going to happen. No matter what software you use, | | | | face value particularly stock-market tips. |
| or which Guru you follow it is impossible to predict | | | | 6. If you are unsure about any stock you are holding |
| what the stock market is going to do next. | | | | then you shouldn't be holding it. If you have any |
| 2. At the end of the day all that really matters is the | | | | doubt about an investment you have made or you |
| price of the stock, everything that is known about | | | | feel you have to ask somebody else's advice about |
| the stock, everything that is thought about the | | | | whether you should carry on holding the investment |
| stock and everything that is hoped about the stock | | | | then is time to get out of that trade. |
| is in the price. The price is what the market is | | | | 7. You are investing in the stock market for one |
| prepared to pay for that stock right now. | | | | reason only, to make money, you cannot beat the |
| 3. If you want to make money as a personal stock | | | | market go with the flow, in a bull market anybody |
| investor you've got to think in a different way to the | | | | can make money but be prepared to sell your stock |
| big stock investors i.e. the insurance companies the | | | | and put the cash in the bank if conditions change, |
| money funds etc. Big-money funds usually follow the | | | | don't give your profit back to the market. |
| index, because of their size is very difficult for them | | | | 8. It's a fact that some people do not have the |
| to do anything else. As a private investor you have | | | | temperament to take part in stock-market investing. |
| the ability to pick out individual opportunities which | | | | If you find you're always worried about your |
| are too small for the big institutional investors. You | | | | investments if you're more worried about losing than |
| can be in and out of the market for a quick profit | | | | you are excited about winning then perhaps |
| while the big funds are still thinking about how a | | | | stock-market investing is not for you. |
| particular trade will fit in with their overall investment | | | | 9. The market is always. |
| strategy. | | | | 10. There is life outside the stock market, trading the |
| 4. Technical analysis of stocks and shares is great fun | | | | stock market is not the be all and end all of |
| and it produces some very pretty charts, but at the | | | | everything, the only reason for making money is so |
| end of the day most of it is a load of rubbish. On | | | | that you can enjoy it with the ones you love. |