You don't have enough time horizon (3-5 years) to invest in stocks;
You don't have the knowledge to trade equities or forex
May I suggest you build open a discount brokerage account (Scottrade, Etrade or Ameritrade); open a ROTH IRA and a saving account at the brokerage. Save up 1,000 in an emergency fund in the savings account. Then fund the ROTH. Buy the general market ETFs, split evenly betwee 1) US large cap 2) US small cap 3) Asian Large Cap 4) GDX 5) Asian mid-cap
Then, spend the rest on education. Use the education to finance your interest. If it really is a desire to trade stocks, learn the fundamentals first, then technicals. Technicals only tell when to buy or sell, not what.
If you pursue technicals, follow the stocks in the GDX, not that many. You can follow trends/technicals on only a couple dozen stocks at the most.
Start with trendlines (MA, EMA) and money flow (Chalkin, MOBV) then MACD and Stochastics. Candlesticks and formations come later. Good luck and HAVE FUN.
I watch for cup and handles of fundamentally strong companies with strong earnings. And, I follow rule #57 closely:
57. Breakouts are the best time to buy stocks, and those occurring after market follow-through are even more significant. Historically, the leaders of a new market uptrend break out within the first 13 weeks of a follow-through. Many of the best leaders make their moves in the first four weeks.
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