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
maid service near Lake Forest ..The ABC's of Stock Trading SuccessStock trading success...why is it... Read More
Over the past few months, several investment professionals have brought... Read More
Picture one of those clubs where only the real heavyweights... Read More
There is so much involved in developing peak performance, that... Read More
Being wrong is OK, but let's not carry it to... Read More
Regardless of the fact that the world's stock markets have... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
On Friday or Saturday evening my wife gets a movie... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
Question: How does it get better when it gets worse?Last... Read More
Hello Inflation, it has been awhile, I see you on... Read More
Sometimes the best way of lowering exposure to risk is... Read More
I often hear from people, "I don't trade. I invest.... Read More
Several times each month I am solicited by various market... Read More
TOO OFTEN, INVESTORS SIMPLY CHOOSE TO follow the crowd. This... Read More
Mutual funds were moderately successful in creating a presence in... Read More
Let's first define insanity. It is doing the same thing... Read More
If you're like many investors who squander those small dividend... Read More
Every day I hear someone on CNBC proclaim that "this... Read More
One of the greatest challenges of investing in stocks is... Read More
Before you buy another car you walk around the lot,... Read More
Time to look back2004 is over, now we are in... Read More
The big bad bear is stirring again. So far he... Read More
In my opinion, due to the volatility of stock market... Read More
When purchasing mutual funds we are cautioned to read the... Read More
top rated cleaning service Des Plaines ..We keep hearing about this bear market and that the... Read More
Sidney felt sick as she looked at her latest OptionsXpress... Read More
"Buy and hold" is one of the most heralded investment... Read More
In November of 2000 when the NASDAQ was trading at... Read More
For years investors have been taught to look into the... Read More
If you are fed up with early redemption charges and... Read More
Ever notice how behavior in one area of life can... Read More
Ever turn down a street, get half way and suddenly... Read More
Refuse is a serious issue in any society, about as... Read More
Duck! No I don't mean a quack, quack. I meant... Read More
There are so many kinds of work that needs to... Read More
That sounds like good advice doesn't it? Don't lose all... Read More
If you were to find that you had some severe... Read More
The higher the market goes the more confusing are the... Read More
With all the bad news that has been dumped upon... Read More
Checked your 401K lately? Going back to about a year... Read More
We all know that emotions control every decision that an... Read More
I go to the Money Show every year to visit... Read More
On the 40 year journey through the turmoil of a... Read More
Being wrong is OK, but let's not carry it to... Read More
Four blind men were asked to give a description of... Read More
When it comes to stock market trading it PAYS to... Read More
Alfred Winslow Jones started hedge funds in 1949. He was... Read More
What! Me worry?Many of you remember the cover of MAD... Read More
I continually hear from economists, talking heads, other market letter... Read More
Stocks & Mutual Fund |