Ah, the lure of making millions in the stock market. I too have seen some of the late night television infomercials - red lights, green lights -- red arrows, green arrows -- whatever. I've even gone to some of the rah-rah hype and hope meetings at local hotels.
Oh, the messages are so wonderful. "See what we can do, and you can too." Just give us $2000, $5000, $10,000, and you too can join the elite ranks of "millionaires in pajamas".
All boil down to some sort of Technical Analysis (TA), though some downplay that and just promote the magic software that tells you to just buy or sell without showing you the workings.
Some popular technical indicators included in the programs offered include moving average crossovers, MACD, RSI, etc. There are hundreds, maybe even thousands of technical indicators, with more "invented" every day. Why do people feel the need to come up with new indicators? BECAUSE NONE OF THEM WORK CONSISTENTLY. So it is a search for the holy grail.
Naturally, on the infomercials and the "introductory seminars" you are going to see testimonials only from the successful (so they say) students/traders.
Technical Analysis (TA) MAYBE can work for some people. If it actually does so, it does so for only a VERY SMALL percentage of people. I think perhaps it takes a combination of TA knowledge, some sort of intuition, AND a LOT of (expensive) experience. This is beyond 90% to 99% of us -- including me. And, frankly, I am smarter than most. So what chance do you have? ;>)
So, I have succumbed to the lure and also have dinked around with Technical Analysis. But I have NEVER made any money using it. Fortunately, I haven't been hurt too bad, but that is because one of the first things I paid attention to was learning about stop losses (stop loss orders).
Now, I have made some money in the stock market. Not grand theft money, but not chump change either. The method I have used is variations of AIM -- Automatic Investment Management, popularized in a book by Robert Lichello, inexpensively available from Amazon. The title is rather hokey and overstated, but it does present a method of actually, consistently, buying low and selling high, over time.
I offer an inexpensive software program that implements the AIM algorithm. When you order, you will receive that and links to various resources pertaining to AIM. Here is the URL for the program: Core Position Trading AIM Program.
