Let's assume that you want to make some serious money and you have chosen to take things into your own hands rather than depend upon a "professional trader" to make your trading decisions. This is usually only recomended if you can afford to lose the money that you are trading with, and you appreciate the fact that there is much more upside potential with this added risk. In any case, you have decided on 3 stocks that you like and are now at your computer ready to purchase them.
Before you decide to get into the market, you will want to do some research. Determining a good time to get into the stock market is very hard, but it can also be one of the most important decisions you make. When traders get carried away and think too optimistically, the market gets over valued and it is ripe for a downturn. After that downturn is when you want to enter the market. Once believe that time is now, the next step is to sign up for a online brokerage account. Then, you will want to choose at least 3 stocks from different sectors of the stock market. Perhaps you like Genentech- DNA or Phizer - PFE as a drug stock, google - GOOG or intel - INTC as a tech stock, and Exon Mobile - XOM or Valero - VLO as an energy stock.
Then, it's as simple as entering the symbols for the stocks that you have chosen to invest in and setting a limit price. Or, if you prefer to have your trade placed instantly at the best available price, just make it a market order and it's even simplier for you. Now, unless you have the time and interest, let your stocks sit for a year or more before you even consider selling them. This way you can avoid short term capital gains tax which can eat into your profits.
Of course, if you prefer a less risky approach consider purchasing a no load mutual fund. You will want to make sure it is a no load mutual fund otherwise you could be charged up to 5% or more by your broker on each trade you make. With all the competetion out there, don't get sucked into a mutual fund with "hidden fees" like that.
I hope this article has given you an introduction to online investing and will help you.
Troy Smith is a freelance writer who also makes a living buying and selling stocks on a daily basis. Visit his Website: stocksoptionstrading.com
family-safe home cleaners Morton Grove ..You've decided to try your luck at trading stocks or... Read More
Just about now everyone is confused as to which way... Read More
Every day I hear from the "experts" on CNBC-TV and... Read More
Yesterday I received my monthly issue of MONEY magazine. This... Read More
(1) Stock Market is Tough Place to Make Any Money... Read More
Being wrong is OK, but let's not carry it to... Read More
Profitable day traders recognize that momentum trading is among the... Read More
Let's assume that you want to make some serious money... Read More
Professional stock options traders use the term lean to refer... Read More
Let's hope you did not have any of the Enron... Read More
The following are a list of nine things you want... Read More
Ever have one of those sample boxes of candy? Each... Read More
You probably have been told that options are risky. Even... Read More
If there is one term over-used when talking about making... Read More
"There is nothing more frightful than ignorance in action!" Johann... Read More
The stock market is very unstable at this time going... Read More
Most advisors will tell you they can beat the market.... Read More
If you don't know what a Roth IRA is then... Read More
Every publicly traded company is required by the SEC(Securities and... Read More
What account size do I need?How much money can I... Read More
Every successful trader has a winning system. There are of... Read More
When it comes to 401k's there is an overabundance of... Read More
Money: the most charged word in the planet. It means... Read More
There are red lights, green lights, blue lights and spot... Read More
I am hearing predictions by brokers, financial planners, talk show... Read More
home cleaning services Wilmette ..When you stand on the ocean shore and watch the... Read More
The Law of Chaos is the theory of random unpredictable... Read More
It looks like we have now entered a new bull... Read More
Inverted interest rates? What's that? Who cares? Even if you... Read More
There are major differences between trading stocks and trading futures.... Read More
During the month of January the Dow Jones Industrial Average,... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
Hello Inflation, it has been awhile, I see you on... Read More
Mutual funds and brokers are always preaching not to buy... Read More
For the year 2000 we have seen hundreds of mutual... Read More
One of the great "secrets" of successful people is discipline... Read More
There is no question that the stock market is being... Read More
With over 6,000 mutual funds available, it may be tempting... Read More
Because you don't feel too sure about which stock or... Read More
Every successful trader has a winning system. There are of... Read More
I have been trading for several decades and was an... Read More
The big bad bear is stirring again. So far he... Read More
I have watched my cat play with a bag of... Read More
Mutual funds were created with the idea that one person... Read More
Among the largest forces that affect stock prices are inflation,... Read More
I am taking the time to help others learn the... Read More
Before you embark upon a journey of trading stocks or... Read More
What account size do I need?How much money can I... Read More
One of the big advertising kicks today from mutual funds... Read More
What a great statement!I just heard someone use it in... Read More
Stocks & Mutual Fund |