It’s A Great Time To Invest In Philippine Stocks
If you read the latest stock market news, you'd know that the Philippine Stock Market is doing pretty well. The news wires indicate that this is a record high.
It is no surprise, then, that local investor communities like absolute traders are popping up. This group educates people on Technical stock analysis. It's basically a way to look at stocks using charts and evaluating trends. Technical Analysis is defined as:
…a method of evaluating future stock prices and market directions based on statistical analysis of variables such as trading volume, price changes, etc., to identify patterns.
I was in the group's official launch yesterday and was surprised by the large group of young faces. Who would've thought these investors would be call center professionals, students, and business enthusiasts?
One of the reasons behind this is the fact you could actually conduct stock trading online on websites like citisec and philstocks. The old days, where you would have to call a stock broker to buy and sell for you, are fading away. The new breed of traders go online from 9-12AM (trading hours) and conduct their transactions in the comfort of their home (or an internet cafe).
Some exporters I spoke with where doubting the stock market reports. They say it's just a government Press Release to keep businesses optimistic. Absolute traders indicate that the market is indeed really "bullish" - term I recently learned indicating a positive interpretation of the market as a whole based on an extended rise in prices.
Now if you review your Kiyosaki Board Game - Cashflow 101, one of the basic methods to getting some money is through stock investments. Knowing it's a great market season, you'd better start learning actual stock trading!
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June 6th, 2007 - 15:31
I’m sorry I missed attending the event last night! Can you teach me? Hehe. Alam mo naman makulit ako, so I’m sure even though you don’t want to, you’ll end up teaching me.
I got to play Cashflow 101 and I must say it was really very interesting. Important elements to it were being patient, making the right decisions and taking the right amount of risk. Grabeh…
Now… time to teach me hehehe.
June 6th, 2007 - 16:50
Gail and I really regret not going with you guys. Sayang! I remember a handful of former call center officemates who do nothing but do online virtual stock trading simulations during their “petiks” time.
So how do you plunge into stock marketing when you don’t even know how to begin? I thought getting a personal stock broker is the way to go. I guess, things have changed now.
I’ve been hearing Citisec on the TV all the time. Mukang okay sila. Papa Jozzua, teach us more! So what do you need to start ba?
Haynaku, basta ako I’ll play Monopoly by myself for the meantime…
June 6th, 2007 - 17:12
There are some introductory information about technical stock analysis here.
Ms. Noemi and I were the only bloggers there. We met the founders of the Stock Market traders/investors community. Ms. Noemi is planning on attending a training session.
BTW, Advanced Happy Birthday Mrs Dado!
June 6th, 2007 - 17:56
Oy Ely, remember I am Noemi in the blogosphere. When are you attending the seminar? If I weren’t turning 50, I’d attend that day but you know how it is…celebration muna. I hope to attend after June 15 if there is a new schedule. Now I wonder which is better…the seminar at citisec or that of Absolute Traders.
June 6th, 2007 - 20:19
Hmmm, I don’t buy stocks when it’s on a all time high and we have too many new senators from the opposition who won.
I experimented buying stocks during the Estrada impeachment trial where we are at an all time low and sold it the day after he left the Palace. Earned 250% of my investments that day.
June 7th, 2007 - 13:05
syempre, i will say the seminars of Absolute Traders, are…well, ABSOLUTELY complete. hehehe
if you want to learn technical analysis, one of the two main schools of thought in stock trading, please visit http://www.absolutetraders.com
June 8th, 2007 - 20:36
hi ely,
nice to see u and noemi at the event. join na kayo sa basic TA class..
September 21st, 2007 - 00:17
have just registered for an online account at philstocks.ph. plan to attend absolute traders’ seminar but their next schedule is still on october. will have to make my initial orders without benefit of sound training. :) would you know of any article online with suggestions on what would be a good first purchase?