Hi Wonderful People
I am a newbie and have been surfing on this forum for some months to educate myself.
First of all I would like to thank some really good people here who really make time to post some valuable stuff to assist people like myself.
In today's world when most of the time things are going wrong, I decided that may be its a time to put Plan B in place for my income stream instead just relying on the day job, so I started to look into investing some money in shares.
After my research I soon realised I have 2 options in share investing i.e. Long term investing or Share trading.
I decided to go for Share trading than Long term investing.
I have read few books on Share trading and have come to realise the strong co relation between Supply and Demand, Price, Volume, MACD and DMI.
For now I personally would like to just focus only on shares yet I do see people talking about CFDs and Futures quite a lot when it comes to trading.
The situation is I do not want to spend too much money in accumulating different resources such as Charting softwares etc while I am learning so I thought I'll come here for help.
I have downloaded Incredible Charts Pro and Trial version of Amibroker and after reading few posts here I have noticed that you got to be bit of Software genius ( which I am not) to get these softwares working for you.
My first question is how do you pick the stocks where trend is about to emerge or initiate?
My second question is, can someone will be kind enough to help me to become expert on finding stocks by using Incredible Charts Pro or Amibroker, based on MACDs and DMIs, hence I am asking basically step by step guide to assist me with one of these softwares using only MACD and DMI indicators for now until I build my knowledge and confidence.
I have tried to read the User guides for these softwares but can't get my head around to them as yet.
I would be grateful if some experts can take some time to help me out and post reply to this post so slow learners like myself can learn from it.
Many Thanks in advance.