Due to the questions being asked above, I thought I would offer some advice that I wish I had gotten when I started:
One of the first things that I would tell you is to stick to the basic "boring" stocks. If you're trading in the United States or its markets, I would suggest trading only be Dow Jones 30. While it doesn't seem like much to follow, that's the point. Besides, your Forex broker probably only offers about 18 pairs, so this should be as good as trading Forex as far as opportunities are concerned.
I would also recommend that you learn to short stocks as well. It isn't anywhere near as scary as most people make it sound, and it really isn't any riskier than buying if you are trading the more common stocks. If you feel like shorting stocks may be out of your price range due to margin, perhaps you should look into trading ETF's. There is an ETF for just about everything you can think of, both long and short.
As you start trading stocks, you should have 30 to 40 (40 if you are trading ETF's as well) to choose from. Add that to your 18 to 20 Forex pairs, and you suddenly have 60 charts to look at each and every day.
As far as stocks go, I highly recommend trading off the weekly chart as the pansies in New York tend to be a little over dramatic on a day-to-day basis. Stock markets tend to be based upon rumors is much as fact, and as such the market place can be very erratic. by zooming out, you can avoid some of this.
One of the first things that I would tell you is to stick to the basic "boring" stocks. If you're trading in the United States or its markets, I would suggest trading only be Dow Jones 30. While it doesn't seem like much to follow, that's the point. Besides, your Forex broker probably only offers about 18 pairs, so this should be as good as trading Forex as far as opportunities are concerned.
I would also recommend that you learn to short stocks as well. It isn't anywhere near as scary as most people make it sound, and it really isn't any riskier than buying if you are trading the more common stocks. If you feel like shorting stocks may be out of your price range due to margin, perhaps you should look into trading ETF's. There is an ETF for just about everything you can think of, both long and short.
As you start trading stocks, you should have 30 to 40 (40 if you are trading ETF's as well) to choose from. Add that to your 18 to 20 Forex pairs, and you suddenly have 60 charts to look at each and every day.
As far as stocks go, I highly recommend trading off the weekly chart as the pansies in New York tend to be a little over dramatic on a day-to-day basis. Stock markets tend to be based upon rumors is much as fact, and as such the market place can be very erratic. by zooming out, you can avoid some of this.
