Posted on: 21 February 2017
If you are a greenhorn in the stock trading world, you may feel utterly lost when it comes to predicting which stocks will do well and which ones you should buy. Since insider trading is not allowed, what else can you do to get the goods on different stocks for sale? How can you get "bullish" as an investor if you do not know where to start? Learning how to read Elliot Wave technical analyses of different stocks is a good start. Then, you can go on to read technical analysis blogs and learn how to predict stocks more accurately.
Elliot Waves: What They Are and How to Read Them
Elliot waves are a means of tracking individual companies and stocks to see where they have been and predict where they are heading on current data. The data is typically compiled by statisticians, and then plotted on a computerized graph within an Elliot Wave software program. Numbers on a company/stock that rise above 8000 typically indicate that this company/stock is "bullish," or at least headed in a "bullish" direction. Below that, obviously, means that the company/stock is "bearish," or low, dropping and/or not doing well at the moment and not expected to recover in the near future.
Practice Makes Perfect
Spend time reading these technical analyses graphs. Practice makes perfect, and learning to read the graphs first and making your own predictions without buying into a stock/company will provide you with a safe means to practice this skill. When you have read and used several of these Elliot Wave graphs and made successful predictions on your own, then you can continue on to the blogs that post regularly about which stocks and companies to watch and/or invest in.
Reading the Blogs
The bloggers who really know their stuff about Elliot Waves will be able to accurately project the upcoming booms in various stocks. Watch the prices carefully for a few days and try to buy when they are at their lowest. Jumps will occur all the time, but once a company/stock takes off, it will end up being one of those you read about in a blog and did not buy. The best of these bloggers will insert the Eliot Wave graphs into their posts, making it easier to see daily fluctuations and know when you should probably get your broker on board with buying some of this and that.Share