Online Stock Trader

Archive for July, 2009

If you are about to start, or are already in the process of learning how to trade, or day trade, you may have already been searching the internet using Google or Yahoo for day trading training education, tools, software or seminars, and have found that there is a lot on offer.

For example “trading course” brings up 758,000 pages in Google and “trading seminar” another 109,000 pages, the question is what should you be looking for when selecting a trading course or seminar. In this article I’ll point out some of the things to check before spending your hard earned cash on your trading education.

1. Becareful of the hidden costs involved in a trading seminar that is away from home, account for the expense of hotels, meals travel and car rental?, it may be a lot more than you expect.

2. What is the return policy, this can vary widely between trading education companies, for some you only have a 3 day cooling off period while for others you may have up to 12 noon or the end of the 1st day to ask for refund if you decide this was not right for you.

3. For a live seminar are you also given DVD’s of the same or similar content?, so often live seminars fail to cover all the very important details involved in day trading. Having a set of DVD’s enables you to watch the content over and over again at home until you get it. Beware that some companies will charge you extra for the DVD’s even though you have already paid for a live trading seminar.

4. Check the internet for positive and negative feedback on the company and trading seminar. Use search terms like “company name review”, “company name refunds” or “company name scam”. Often reviews are posted in trading forums, these can be found by searching for terms like “trading forum”.

5. A head of time try and find out exactly who will be presenting the seminar. The last thing that you want is a professional “teacher” giving a seminar on trading, what you want is a “trader” who makes his living by trading and only does a few seminars a month out of interest and for personal reasons, not because they need the money.

6. If you are buying an online day trading or investing course where the content is 100% viewed online you should get at least a 30 day 100% cash back guarantee, if not stay away.

7. If you are buying a course or trading seminar in which DVD’s and manuals are being shipped to your house, again you should expect a 30 day 100% money back return policy, less shipping and handling, again if not stay away.

8. It’s very likely that you will have questions after watching either the live or online course or watching the DVD’s, make sure that you will be able to ask questions and have them answered, either one on one or in a forum setting.

9. Last, but certainly not least, before buying do a lot of window shopping. The price for trading seminars, either stocks, options, Forex or futures varies widely from $50 for an ebook to over $25K for a comprehensive set of training. You may be able to find the same material much cheaper at a different company.

Also be aware that day trading education and seminar companies are always running specials and offering discounts, before you buy search the internet carefully for any deals and also call the company directly and ask for a low price guarantee. Make sure you are paying the lowest price possible for the course or seminar before you commit to it.

A756452359

If you are about to start, or are already in the process of learning how to trade, or day trade, you may have already been searching the internet using Google or Yahoo for day trading training education, tools, software or seminars, and have found that there is a lot on offer.

For example “trading course” brings up 758,000 pages in Google and “trading seminar” another 109,000 pages, the question is what should you be looking for when buying trading education. In this article I’ll point out some of the things to check before spending your hard earned cash on your trading education.

1. Becareful of the hidden costs involved in a trading seminar that is away from home, account for the expense of hotels, meals travel and car rental?, it may be much more than you expect.

2. What is the return policy, this can vary widely between trading education companies, for some you only have a 3 day cooling off period while for others you may have up to 12 noon or the end of the 1st day to ask for refund if you decide this was not right for you.

3. For a live seminar are you also given DVD’s of the same or similar content?, so often live seminars fail to explain all the very important details involved in day trading. Having a set of DVD’s enables you to review the content over and over again at home until you get it. Beware that some companies will charge you extra for the DVD’s even though you have already paid for a live trading seminar.

4. Check the internet for positive and negative feedback on the company and trading seminar. Use search terms like “company name review or “company name scam”. Often reviews are posted in trading forums, these can be found by searching for terms like “trading forum”.

5. In advance try and find out exactly who will be presenting the seminar. The last thing that you want is a professional “teacher” giving a seminar on trading, what you want is a “trader” who makes his living by trading and only does a few seminars a month out of interest and for personal reasons, not because they need the money.

6. If you are buying an online day trading or investing course where the content is 100% viewed online you should get at least a 30 day 100% cash back guarantee, if not stay away.

7. If you are buying a course or trading seminar in which DVD’s and manuals are being shipped to your house, again you should expect a 30 day 100% money back return policy, less shipping and handling, again if not stay away.

8. It’s very likely that you will have questions after taking either the live or online course or watching the DVD’s, make sure that you will be able to ask questions and have them answered, either one on one or in a forum setting.

9. Last, but not least, before buying do a lot of window shopping. The price for trading seminars, either stocks, options, Forex or futures varies widely from $50 for an ebook to over $25K for a comprehensive set of training. You may be able to find the same education much cheaper at a different company.

Also be aware that day trading education and seminar companies are always running specials and offering discounts, before you buy search the internet carefully for any deals and also call the company directly and ask for a low price guarantee. Make sure you are paying the lowest price possible for the course or seminar before you commit to it.

A756452359

There is a new game in the stock market nowadays called hot stocks.  This goes against the normal Wall St.  Advice of buy low and sell high.  The new hot stocks technique is to buy high and sell even higher.  The way it works is that you purchase stocks that are rising in price and sell them while they are still rising.  The time between the buy and the sale is short. 

Find out what hot stocks are worth buying today.

Purchasing an undervalued stock and waiting for the price to rise is certainly good idea.  It might take a while for the stock value to go up and during that time your money is tied up.  When you purchase a hot stock, whose value is rising, you can sell in short time and still earn a profit.

Hot stocks are perfect for day traders.  If you watch the market trends closely you can choose from stocks that are on the rise.  The largest trick isn’t to become greedy.  Decide before buying the stock the maximum time you intend to hold it before selling.  Even if the stock is still rising, sell according to your time table.  Take your profits and get out. 

If you chose a hot stock that turns out not to be so hot, lose it immediately even if you have to sell unable.  Holding on to the stock after it starts to drop could bring an even bigger loss.  The stock market is a bet and occasionally you lose.  Minimize your losses.

Hot stocks are temporary investments and shouldn’t be held onto for more than a day or 2.  Stay on top of the market trends and your stock costs so you can sell at the most advantageous time.  This technique of investment has hazards and sometimes you will lose.  That’s’s alright.  The important thing is to chose more winners than losers.   

Don’t put all your money into hot stocks.  This is just a method to earn a profit in the exchange.  Investors should have a portfolio with solid stocks from different areas of business to guard their investments.  Don’t neglect your long term investments in favor of hot stocks.  Some of your profits from hot stocks should be put into long tern investments. 

These stocks are meant to be really short term investments.  Never keep hold of a hot stock for at least some days.  You sold and the stock continued to rise, you feel like you lost money.  You made money, the undeniable fact that the stock continued to rise did not cost anything.   

If you are employing a broker for your stock transactions, you will have to pay a fee every time you sell or buy a stock.  This may have an effect on your bottom line.  There are online trading services that are less dear than brokers for transactions of this type.  If you are considering investing in hot stocks, you should look into ways to save on brokerage fees.  This could be considerable when many transactions are involved and could even wipe out your profits. 

Everybody know that you can make cash on the stock market.  The trick is to invest cleverly.  Using different monetary instruments and widening your investments helps grow your money while defending your principal.  If you are unable to afford to bet, don’t play.  While the stock exchange beats Vegas, the percentages won’t always be in your favor.  Hot stocks are a fun way to play the market, they just aren’t the only way.

Check out the best stock newsletter in 2008.