A Rookies Request

[rinker]

I dont want to start a major discussion. but the hardest thing ive found so far about 'getting into trading' is the amount of information available, good, bad, rubbish, o.k. rip off, black boxes etc etc. I find that research is hindered due to the extent of adverts, advice etc.
I may get further advice by return, however, if its from home traders i welcolm it.

I have looked into various software and products, all appear to be priced at levels that surely surpass any revenue the suppliers ever receive from trading. I do like a product called Trendsignal. It may be un-ethical to request if anyone uses it, but looking at some of the offers on the web some company claims could be classed as illegal.
Ta, MoreT

 

[Roberto]

I do like a product called Trendsignal.

If you're looking for information, you're in luck. There's loads of information here about it. Hold your cursor over "Discussion" near the top of any page, and then click on "Search for post". Type the word "Trendsignal" into the top-left box, click on "search now" or whatever it says, and voila!

 

[rinker]

A rookies request

Thank You for your Advice.
MoreT

 

[LesDwight9]

Rookies request

Hi,
I too am a rookie and I've been subscribing to various websites for info/tips and some of those sites are free.
The free ones are Hemscott 1, Digital Look and UK-Analyst. The last one gives tips and is a good place to start.
Hemscott 1 has the facility to run a portfolio tracker and a watch list. Any (AFX) news/ announcements about the companies you have entered will be shown for the day also.
If you want you can look back at past announcements, annual reports and the like. There is a basic share-price graph facility which you can adjust from 10 years down to 1 day.
I now subscribe to Hemscott Analyst (costs £129 per year) which is a tipping service with regular updates.
I also subscribe to Hemscott Premium (about £149 per year) which allows you to get detailed fundamentals on any FTSE or Aim listed company (based on the last annual report), and,
you can watch real-time trades and price movements. There is a more sophisticated share-price graph facility with Bollinger Bands and moving averages - if you're into that sort of thing.
There is also t1ps.com at around £70 per year.

Haven't yet made enough to cover these costs but I'm getting there, in the meantime I'm learning loads of useful stuff. The main things I've learned is to always do my own research before following a tip, don't follow the herd, and (as I'm still a small time investor) to be patient while the BID price catches up with the ASK price I paid for the shares and then hopefully goes on up. AND Oh yes! - NEVER agree to buy shares from someone who phones you: if the shares are that good why would they be telling others?
Hope this helps get you started.
Les Dwight