[David Waring]

I received the Following questions from one of our video viewers on how to find stocks to trade and then what steps to take to trade them which I will do my best to answer.

1) How you choose stocks that you want to trade with? Because i have possibility to trade with a lot of stocks from EU and USA and i am a little bit lost.

2) then you start with analysis... : what do you do first? look on the chart patterns, or you look the indicators?

3) Which and how many indicators are do you use? which are THE most reliable?

Let me start by saying that I think it is very important for each trader to develop their own style depending on their situation and their own goals etc. Because of this I do not give individual recomendations but will try and show you some resources that you can use which will hopefully get you pointed in the right direction.

1) How you choose stocks that you want to trade with? Because i have possibility to trade with a lot of stocks from EU and USA and i am a little bit lost.

Everyday several traders post videos on the stocks that they have traded that day as well as the stocks that they are watching for the next days trading session. You can find those videos in the stock trading videos section of InformedTrades.com.

Below are several articles from different traders about how they go about picking stocks to trade:


How to find stocks that are ready to explode
How one day trader goes about picking stocks
Swing Trading with The Stock Bandit: Finding Stocks to Trade (the scans he is using in that software he mentions should be available in most basic chart packages)

2) then you start with analysis... : what do you do first? look on the chart patterns, or you look the indicators?

Most traders I know watch a stock to learn how it trades for some time, then get an overall feel for the trend of the stock, then use indicators and then watch for patterns to see how strong or weak that trend is and go from there and then use basic strategies such as the ones I teach in my free lessons on technical analysis and indicators.

3) Which and how many indicators are do you use? which are THE most reliable?

Depending on what they are trying to accomplish most traders I know use the indicators that I have gone over in my free series of lessons on indicators. As a general rule I think most traders use at least 1 and at most 3 however here again what I would suggest is trying a few out for yourself without risking any money and finding what works best for you.

Hope that helps let me know if there are any other questions and if there is anyone else that has feedback on these questions please feel free to comment!

Best Regards,
David