ASX newbie

the-penny-stocks-trading-system.pdf This 214 page trading system comes from the USA but there is still good wortwhile information to be found which also pertains to the Ausralian market.I have found Good Information is always useful irregardless from where it comes from. This can be downloaded  here

VOLUME.
Volume is the “fuel” there are two usually two types of volume. These are High [...]

hitt-robert-astroecon-financial-astrology-and-technical-analysis.pdf If you are at all interested in Astrology then this is for you. It will teach you about Astrology plus how to trade by the stars. This an infofmative e-book  of 107 pages well written by Robert Hitt. His website is www.astroecon .com if you have any queries. I personally prefer more traditional  methods, [...]

wolff-ken-trading-on-momentum-advanced-techniques-for-high-percentage-day-trading.pdf This 288 page e-book is very comprehensive and shows techniques which any trader, irregardless of their level of trading will find  invaluable. This also applies to medium and long term trading as well. Lengthy, but worth the time.

 
It is mid week, with two days of trading to go before the weekend arrives.
 The Market [investors] is still very unstable and undecided at present and quite can’t make up its mind what it wants to do.
The USA left interest rates alone this week after raising them around 17 times. They still haven’t caught [...]

ebook-the-day-traders-bible-or-my-secret-in-day-trading-of-stocks.pdf This 116 page e-book has 14 chapters from which you will get a ” heap” of relevant information.  Intended originally for the Usa, most of it applies to our market as well. 814 kb in size it is well worth the effort to download. You will go back to this time and time again.A great [...]

trading-technical-stock-analysis-bollinger-bands-and-rsi.pdf  This e-book is more for the advanced trader who use charting to research their prospective future stocks.

getting-things-done-advanced-workflow-diagram.pdf  This a useful, practical flow chart that you can apply to get yourself organised.

            THE TWO MOST COMMON EMOTIONS ENCOUNTERED.
The most common is” FEARand “GREED.”
And what effect do they have?
 Firstly Greed pushes the stock price upwards and Fear has the opposite effect by pushing the share price downwards.
 Greedy traders rushing in to get the stock at any price so they won’t miss out. Then finding the [...]

The “PRICE” of a stock at any given time is due to the buyer and seller of this particular stock reaching a mutual agreement with regard to its current value.
When the price goes up it is because the seller thinks it is worth more or there is a short supply of stock available.
The opposite happens [...]