Gain familiarity with basic concepts
The most important thing is to gain familiarity with the basics of the stock market. This includes the jargon, vocabulary and concepts that are involved in day to day trading in the market. You should also go through the history of the stock exchange to analyse its evolution and examine the sudden shifts in the market.
Get ebook from Wallstreetcourier
After you have gained familiarity with the basics, you must visit the Wallstreetcourier website and download a copy of ‘Ebook of Technical Market Indicators’. With the help of this book, it will be relatively easier for you to understand the reasons behind bullish and bearish market trends. This will also help you in estimating the future trends of the market, only if you learn these indicators very well. You must also learn about the factors that cause a change in share prices.
Note daily S&P's
You should start jotting down the daily Standard and Poor 500 index. From this, you should also try to extract information like, how many organisations have entered the index and how many among them have reached various highs and lows.
Note historical trends
You must also pay full attention to the historical trends that are promised by most investors. For example, a historical trend shows that the condition of stock market has been questionable from May to November since 1950.
Develop your own investment strategy
Now, you should take into account all the factors that you have learned and form a long term investment strategy with these tips and suggestions.