Just starting out...

[rasmus81]

...got myself an account at zecco and put 1500 usd in. You have to start somewhere right!

I would like to back up my trades with at least some TA just as a complement, but as this area seems time consuming and to be honest quite dull, I'd like to obtain these analysis from somewhere like a website or through mail. There should be companies doing this right?

What kind of services do you guys subscribe to in this regard and how expensive is it?

Thanks! / Raz

 

[shadowninja]

Learn to do it yourself. Don't take tips. That said, there are a few people giving free analysis on this site.

I'm lazy but I don't mind laying down a few trend lines and eying up the indicators. It is so visual that it is easy to read quickly.

 

[rasmus81]

Thanks sninja! Alright, I'll guess I have a go then...I just worry about the fact that it'll take me quite some time. Wouldn't it be convenient to after finding a prospective buy to just log on to some site with a library updated daily to see if the stock in question is suicide from a TA-perspective or not?

I guess it just scares me a bit to look on these TA-graphs, it looks like a huuuge project to take up trying to learn and figure out how to decode them...

/ Raz

 

[rathcoole_exile]

Raz,
there are no short cuts.
First you will blow your 1500 usd, then you will start again a little wiser, but eventually, say after 2 years, you will begin to know a little bit about what you're doing.
Put it this way, the potential rewards outweigh the salary a doctor can make, but a doctor spends what 5,6 years at med school to learn his job. Same with trading, it can be fun but don't ever ever think it's going to be easy, it needs application, diligence, planning, discipline, control. determination, experience and hard-won knowledge.
There are no short cuts.

You can certainly pick up some good advice, tips, pearls of wisdom, from some of the folks on this forum, but in the end, you've got to do it for yourself.
Good Luck ......

 

[new_trader]

Thanks sninja! Alright, I'll guess I have a go then...I just worry about the fact that it'll take me quite some time. Wouldn't it be convenient to after finding a prospective buy to just log on to some site with a library updated daily to see if the stock in question is suicide from a TA-perspective or not?

I guess it just scares me a bit to look on these TA-graphs, it looks like a huuuge project to take up trying to learn and figure out how to decode them...

/ Raz

If you aren't prepared to take on a huge & expensive project you should consider doing something else. I get the impression you are in a hurry to make money so you can buy a Ferrari and impress 'chicks'. Let me say this loud and clear and reiterate what rathcoole_exile said. There are NO shortcuts.

 

[Splitlink]

Thanks sninja! Alright, I'll guess I have a go then...I just worry about the fact that it'll take me quite some time. Wouldn't it be convenient to after finding a prospective buy to just log on to some site with a library updated daily to see if the stock in question is suicide from a TA-perspective or not?

I guess it just scares me a bit to look on these TA-graphs, it looks like a huuuge project to take up trying to learn and figure out how to decode them...

/ Raz

You've got a laid back attitude, I'll give you that. That's the way I buy my weekly lottery ticket.. I won't tell you how many fortunes I've made that way.

 

[timsk]

I guess it just scares me a bit to look on these TA-graphs, it looks like a huuuge project to take up trying to learn and figure out how to decode them...

Hi Raz and welcome to T2W,
The replies to your thread have been pretty consistent and I concur with the main points. Certainly, if you trade your own account, there are no short cuts. If you're happy to relinquish both your funds and control of them, you might consider letting someone who has figured out 'how to decode the charts' trade your account on your behalf. The downside is that they may lose all your money and, if they make any money, they'll want a significant portion of the profits. I went down this very route myself when I first took an interest in trading, thinking that someone with a flashy website and a Manhattan address is going to be poop hot at this game and make me a fortune. Five months later I bailed out after seeing 30% of my account evaporate. I concluded that if I was going to lose all my money, at least I'd be the one to have fun doing it rather than watch someone else do it for me. So, the point is, if you do eventually decide to go down this path, thread very, very carefully.
Good luck,
Tim.

 

[shadowninja]

I guess it just scares me a bit to look on these TA-graphs, it looks like a huuuge project to take up trying to learn and figure out how to decode them...

/ Raz

Just take your time. The market will always be there. Learn a bit at a time. Read through the T2W articles (see button above) and soak it all up. Then learn about candlesticks, trend lines, support and resistance. There is no rush. That adage, "Act in haste, repent in leisure." is no truer than when you trade.

Oh, and there is no magical system that you can just set to work and it guarantees a profit at the end of the trade. I've tried 3 or 4 and because markets slowly changed over time (they've changed in the 8 months I've been trading), while the sytems worked when backtesting, and indeed showed some profit at the start, in the end, they started losing money.

I now just use methods everyone else uses which will work no matter what happens. (And frankly, I can't wait for the recession!)

 

[Silent.Trader]

Well... there are sites providing Technical analysis for free. Trouble with these is that more often than not, the quality is (extremely) poor. Buying TA is possible, but again, quality is doubtfull. Specially if you take a cheap retail oriented provider. With only 1500$ to invest, there 's no way you're going to earn back the subscription fee.