Monday, July 19, 2010

Invest Using The IBD

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I've been a big fan of the stock market and learning to invest using the IBD every since I saw my first copy of the Investor's Business Daily some 15 plus years ago. In my opinion it's the best stock market investing periodical out there and I truly believe that anyone that uses it as a tool to help them invest will become a better investor. The key is consistent study. You have to study the markets on a daily and weekly basis. By reading the IBD consistently and then investing your own money you begin to learn more about how the real stock market works.

As you analyze your trades, you become a better investor. One of the best two features of the paper are the Daily Stock Analysis and the Investor's Corner. These two features will help you learn what you need to know to become a better investor. Use the IBD, and investor's.com to research the areas you have questions on. Practice strategies like Stock Market Investing For Beginners Using The IBD 200 to hone your skills. Use the forums and ask other investors practicing CANSLIM for advice. In addition, track down other sites that discuss how to apply it on a daily basis.

I guess if I had to boil down a strategy to get the most out of investing using the IBD paper, I'd recommend the following:


  • Read How to Make Money in Stocks

  • Read the paper each day

  • Follow the general market direction

  • Use the stock screens the paper offers

  • Create a watch list of the best stocks

  • Identify a stocks chart type as well as pivot point

  • Put your money in a stock

  • Analyze what you did right and what you did wrong.

If you follow this advice and practice and study on a consistent basis, you will get better. Give it a go!

Ty

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