| We have all heard of people making huge amounts | | | | Technical analysis is simple looking at a stocks chart |
| of money from the stock market but if you've ever | | | | and applying some trends to see what the stock is |
| traded before, you know yourself that it is not as | | | | doing. One such trend is something called a simple |
| simple as just buying a stock low and selling it high. | | | | moving average. This is one indicator that will help |
| Contrary to what a lot of people think, you can | | | | you know when to buy and sell stock. It's very |
| make educated trades and not just gamble your | | | | useful and helps you make an educated decision on |
| money on the markets. So how do you do that? | | | | whether it is a good time to buy or sell. If you tie |
| Here are 3 simple keys to becoming a successful | | | | this into what you know from the fundamental |
| trader. | | | | analysis, you are now making more educated trades. |
| Fundamental Analysis | | | | Have a Great Broker |
| If you are not a technical or numbers person, do not | | | | It is very important to have a good broker that you |
| let this scare you. All fundamental analysis means is | | | | can discuss your trades with. Now you don't want a |
| understanding how different events in the world | | | | broker who is only going to promote its clients stock |
| effect a stock price. Take for instance the airlines | | | | as this isn't always equal advice. You want a |
| industry. During the summer time, there is a massive | | | | brokerage firm that is known for its broker advisory. |
| increase in travel as well as ticket prices. This causes | | | | Your broker has access to information on the |
| a large increase in revenue and makes the stock | | | | company's stock that you want to buy or sell. It |
| appealing to buy. As more people buy, the stock | | | | could take you days to get this information yourself |
| price increases. There are things that can cause it to | | | | and then try to understand it. But you broker can |
| go down like terrorists alerts or ash clouds which | | | | have it to you in a very short period of time and |
| decrease travel and revenue and makes the stock | | | | give you advice on what to do with that info. Now, |
| less appealing. This makes perfect since and is known | | | | with all three of these things, you are well on your |
| as fundamental analysis. | | | | way to becoming a successful trader. |
| Technical Analysis | | | | |