How often have you come across an advertisement or e-mail proclaiming to "teach" you the stock trading secrets that Wall Street Insiders don't want you to know? Usually included in the descriptions of these trading products are claims such as "Make 10K monthly in minutes per day", or "Learn the secrets of Professional Stock Brokers", etc. etc. So what are these "secrets" that they are SELLING?
And if the Wall Street Insiders and the Professional Stock Brokers didn't want to reveal these trading secrets with you, then how come the companies or individuals selling you these products are so quick to give up these "Never before revealed" techniques?
Is it because they don't work, or are their products just the basic rules of trading rewritten (once again) in a new and thought provoking way? Or, if you believe everything you read, is it really some highly classified and secret method for trading stocks that is being SOLD here?
Stock Trading Secrets Revealed
In its most simplified form, the real trading secrets of the institutions and professional traders fit into at least one of the areas below...
1) A well developed trading system that has proven itself to profitably work over and over again in real-life trading
2) Knowing which trading strategies work best in which markets
3) The role of the Market Makers and how they use their influence to control the market and how you can use this to your advantage
4) What trading indicators are actually reliable
5) Which trading patterns are worth using, and when
6) Proper Money Management techniques, Money Management, and Money Management (note the emphasis here)
7) How to take advantage of margin
So, contrary to what they want you to believe, this is what they are selling you. I'm not saying that all of these trading products out there promoting unknown trading secrets are not worth the money, but quite the opposite. If they can provide you with truthful advice about any of the above areas, AND this advice is not easily accessible or publicized, then their product may greatly benefit your trading results.
But, if they are simply selling you generalized trading information that you can learn from any basic trading book, perhaps your money is better spent elsewhere. Buyer beware.
Frank Soler is a successful trader and Registered Investment Advisor. His company, Soler Investments, provides trading advisory services for stock traders and currency traders. Visit solerinvestments.com today to find out how he can help you become a successful trader.
Copyright @ 2005 Soler Investments All Rights Reserved. Reprint of this article is allowed as long as due credit is given to the author and links are left intact.
shuttle to Midway Beardstown .. Lockport Chicago limo O’Hare'Sector funds are too risky.' 'I doubled my money with... Read More
On the 40 year journey through the turmoil of a... Read More
A few years back ? it seems like an eternity... Read More
Jack and Jill went up the hill to fetch a... Read More
One of the greatest challenges of investing in stocks is... Read More
We keep hearing about this bear market and that the... Read More
Well maybe that's overstating it a little, but it's certainly... Read More
Dollar cost averaging is one of the most popular ideas... Read More
You remember the story about the frog that was put... Read More
Day trading is all about making buy and sell decisions.... Read More
No, this is not a symbol for some Latin number.... Read More
There is a current movie entitled "Eternal Sunshine of the... Read More
When is a dividend not a dividend?The latest thing "conservative"... Read More
The thinking process of the brain relating to the... Read More
There are red lights, green lights, blue lights and spot... Read More
I love roller coasters. The steeper the better. High and... Read More
The ABC's of Stock Trading SuccessStock trading success...why is it... Read More
You may have wondered why your mutual funds have been... Read More
The Winter Games for the Olympics are coming up soon... Read More
If you have not back tested your trading system, you... Read More
So you're started trading, you bought some positions with your... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
If you are serious about making and keeping money by... Read More
There are major differences between trading stocks and trading futures.... Read More
We all know the expression, "My country, right or wrong",... Read More
Green Bay Hummer H2 SUV rentals ..Look back over the years and try to remember how... Read More
Do you own any mutual funds? In an IRA or... Read More
A common problem I often see when working with living... Read More
The spring-loaded rat catcher is the ultimate low-tech device invented... Read More
Last time we looked at the real performance of the... Read More
Any online investor / trader seeks an excellent off or... Read More
"If you don't know where you are going, any road... Read More
It has often been said that there is only two... Read More
Even if you don't own any of their stock or... Read More
Cat or dog? Maybe Zebra. Shucks, I don't know, but... Read More
The gleam and bright lights of Wall Street lure in... Read More
(1) Stock Market is Tough Place to Make Any Money... Read More
With the stock market stubbornly refusing to settle down and... Read More
Financial markets provide their participants with the most favorable conditions... Read More
Ever notice how behavior in one area of life can... Read More
What! Me worry?Many of you remember the cover of MAD... Read More
People are constantly asking me why is the stock market... Read More
Let's discuss commodities; with the latest Enron situation, it is... Read More
When it comes to stock market trading it PAYS to... Read More
So you're started trading, you bought some positions with your... Read More
When it comes to buying a stock or mutual fund... Read More
For years investors have been taught to look into the... Read More
An insane person cannot evaluate an insane evaluation system.As you... Read More
I cringe every time I hear a novice investor tell... Read More
A few years back ? it seems like an eternity... Read More
Stocks & Mutual Fund |