Recently I’ve been receiving a lot of requests from people who are beginners trading the stock market.
They like the tutorials I’ve been putting out, but they’ve said, “Hey Barry, your stuff is great for the people who have been trading for a while and who already have a bit of an education about reading stock charts, but can you put together some more ‘beginner level” training for us newbies?”
So, in response to popular demand, I said … wait for it …
SURE!
Below if the first in a new series of free videos entitled “Stock Market Trading for Beginners.”
Actually, most of the material covered also applies to Forex and futures traders as well. The first 3 videos focus purely on how to read price action and that applies to any financial market you may trade.
The first video is below. After you watch this one, feel free to watch the rest on YouTube. So far I have 3 videos in the series, but by the time you see this article, there may be more. Just type in “Stock Market Trading For Beginners” in the YouTube search bar and the videos should show up.
Watch them in order because one builds on the information in the previous ones.
Oh, and LEAVE A COMMENT BELOW letting me know how you liked this video and what you’d like me to cover in the future.
I liked the fact that a bar which would appear red, in that it closed lower than if opened, would be considered a bullish bar due to the amount of value rejected at lower prices.
Hey Michael, yes red/green shows if the close was above or below the open, which is one part of the equation in determining the nature of the bar, but there is much more to it than that. Just want to make clear that not every red bar is bearish and not every green bar is bullish.
Found it interesting that that section of the bar (not between the open and closed) represented value rejected by traders and could serve a ‘hint’ that the stock will move higher to a trading area of interest. Interested in a method for scanning for the best stocks to trade in any given market (up, down and sideways).