There are countless gurus out there that will give you advice on how to trade in the stock market.
Some of these people charge money for the actual trades.
Some of them charge money for a book describing a system that you use for yourself.
Some of them even offer automatic trading services that you pay a fee for and your money is used to execute trades that they decide on.
There are some very talented technical analysis gurus out there, so I'm sure some of them may be well worth the money they charge for the information you receive.
All that really matters is the bottom line, right? If you pay someone for a service like this you expect to make more money on the deal than if you were to do your stock trading without the service.
While I think there is a place for these services, I advocate learning as much as you can about trading systems before spending your hard earned money.
Creating your own stock trading system is a fairly basic process.
You have to determine your entry signal.
This can be as simple as buying after the stock price has come back to the moving average or selling at the top of a Bollinger band.
The key to a successful stock trading system is sticking to the entry signal when it happens.
A trading system is designed to take the emotional element out of trading.
If you know that you are going to make a trade when certain conditions are met, then you never have to second guess yourself when you pull the trigger.
The same criteria can be used to create your exit point.
When are you supposed to exit a trade? This is something that all stock traders must take into account.
If you just follow these two steps you will be on your way to a method of trading stocks all your own.