Stock books for beginners
Most of the books written by so-called experts are not even worth the paper they are printed on. They all provide a myriad of ways to become rich and the only one becoming rich is the author. In most cases, without the proceeds from the sales of that book, the author would be struggling just as hard as the regular investor seeking to hit a home run. Experiments have shown that monkeys with darts offer far better rates of success than paying attention to these so-called penguins; oops we mean experts.
Instead of looking for books that will teach how to invest, focus on mastering the basic concepts of Mass psychology. With that, a couple of free resources on the net and some elbow grease you will be in far better position than you would be by reading most books on stock market investing
Top Free Investment resources on the Net
Your time will be far better spent on scouring these free resources than looking for stock books that teach novice players about investing in the markets.
We have scoured the internet to locate the top 10 resources that individuals can use to improve their trading skills significantly. These tools will help you form a more informed decision. Do not listen to so-called market experts like most of them do not know what they are talking about. What you need to do is educate yourself so that you are in a position to differentiate useful information from Crap. The internet has made it incredibly smoothly for fools to claim their experts and these individual take advantage of the situation because they know that the masses have not taken the time to educate themselves when it comes to investing in the markets. It is your hard earned money do not let fools guide you into the wrong investments.
The first thing you want to understand is market sentiment; the masses are the ones that drive the markets. Hence understanding mass psychology is key to your investment success.
Sites that provide sentiment data
Tactical Investor Intro to Using Market Sentiment Data
These links will give you the latest Economic data as well as upcoming economic events such as CPI, PPI, Unemployment numbers, etc.
Economic News
The best way to make money is to invest in the strongest sectors and the most reliable stocks in areas. This site helps you find that information.
Sector Strength
Bar Charts
Another way to find the best stocks is to list the criteria you are looking for. for example, companies with strong quarterly earnings, strong quarterly revenue growth, Low P.E, etc. make the best long-term investments.
One of the Stock Screener
This site will provide you with information regarding upcoming earnings. In general, it is not a good idea to open a position before earnings are released unless you are sure that the company is going to do well. One way to find this information is to monitor the business news releases. Sometimes the Ceo will come out and state that the outlook is excellent, and the product or earnings to date are higher than normal.
Earnings Info
Technical analysis can greatly enhance your stock market returns as it provides you with information as to when a stock is overbought or oversold. Overbought means that too many people are jumping into the stock and vice versa. This site will provide you with the information you need to understand the basics of Technical Analysis. Then you can move over to the resources that are listed below. Always remember that the best time to buy is when the masses are panicking and the best time to sell is when the crowd is jumping up and down with Joy.
Technical analysis for beginners
A Great online source for Charts
Big charts
Free Charting software
Stock Analyzer
This is a great place to paper trade. With a portfolio tracker, you can track your performances and see if you are getting into the right stocks at the right time. Paper trading provides you with the opportunity to test your trading skills. Only when you win more than you lose, should you look to commit some money to the markets?
Portfolio Trackers
Free Portfolio Tracker from Google
Video of interest: -Introduction in Mass Psychology (a must watch!)
Other interesting information
A clear illustration of the mass mindset
