I have made a simple tutorial for people unfamiliar with candlestick charts and candlestick trading techniques. I primarily use candlestick charts whenever I view stock charts. The benefits of candlesticks are numerous.
Stock market research can be a daunting task for many people, especially beginning traders and people new to stock market and mutual funds. As beginners, we haven’t learned the kind of information and news stories we need to filter, and to spot the news that will positively or negatively affect a stock’s price. Constantly staying informed and having good business news sources allows us to maintain a competitive advantage over other traders and investors.
I use a variety of stock trading software to assist my research, chart viewing, and trading. I have programmed and developed some of the software myself. I also use open source and other freely available software packages. Some of the tools I use are included with my broker, Ameritrade.
I’ve heard a lot of talk about gold the past few months. Some people are predicting gold at $750 per ounce, while others are predicting some outrageous prices such as $3000 per ounce. Gold currently stands at about $545 per ounce.
I’m always telling my family and friends they need to put part of each paycheck into trading accounts and 401k plans, or some kind of market account where they’ll earn more interest than a savings account.
