The stockmarket

livestrong

I want to learn how to make informed choices regarding which stocks to trade . Everywhere you look people say you must first educate yourself regarding charting etc. but very few say which books or websites give the best advice in laymans terms . I do have some limited experience and am ahead by 15% so far this year by sheer fluke . Please help me make some money !!!!!

Jesper

Just getting into it myself buddy and your biggest problem on the internet will be sorting out which information to take. Goodbody.ie give a fairly easy to read daily summery of Irish share news. Also there's Davy stockbrokers and for trading there is sharewatch.com/ie which seems to give the best value online trading. It does this by not having a pannel of brokers posting information and advice. It is a transaction only site but does host news as well.
Alternatively there is Reuters which is prob the worlds biggest and 100's more will give advice and offer to send out daily/weekly newsletters.
Do you trade online? Who did you make money on this year? you dont' have to reply to that tho.

livestrong

Thanks Jesper , I am currently using goodbodys through my AIB online account and for foreign trades have gone into the bank to deal over the counter which is by no means ideal or confidential . I have looked up websites such as you have suggested along with the motley fool ,stockwatch and stockhouse . These all give the information but I would like learn how to quickly cut through the chaff and figure out exactly what indicators to look for.

nesf

Personally I'd try out trading with new information sources on paper first to see how it goes for you. No need to put money at risk while you're still learning.

The fantasy share trading league sticky above may be of interest to you.

It's definitely not the same as trading with real money but it can give you a chance to try out some new strategies to see if they are somewhat feasible.

Jesper

The cost of Goodbody's is much higher than Sharewatch but I agree that Goodbody's give's a very good service with the AIB online. The only thrustworths way to cut through the trash is to know someone. I know someone who worked in a pharmacitacal and he told me to buy shares in Elan for the simple reason that the although Tysabrai proved dangerous it was better than everything else out there so the people sufferring would demand its release. lifestyleextra.com gives good graphs and history's. good luck. (sorry about spellings)

defiantshrimp

The one and in my opinion the only book you should read is "A Random Walk Down Wall Street" by Burton Makiel. It will teach you all you need to know about the markets without wasting money on stupid courses promising you fantastic returns or whatever. Try get it from the library to maxmise your returns

ionapaul

Something I mentioned on older threads: I had an account with Sharewatch last year, they certainly are cheaper than the 'traditional' brokers, but the level of service I received and unreliability of their website (not always updated daily) led me to cancel my account and pull my funds within 6 months. I don't mind paying Davy Direct (their online division) a little more for all the peace-of-mind I now have. Unless you are planning dozens of transactions a year (which is crazy just starting out, day trading doesn't pay), I'd avoid Sharewatch and go with a more well-established brokerage.