Best Website For Trading Stocks?
best website, lowest fees for trades, any other information you'd like to share give or take a few stocks and trading is appreciatedAnswers: I've been investing for more than 20 years and trading for almost 14, and I can notify you that if you want to make BIG and FAST profits, I recommend you trading fairly than investing, trading can help you to step from rags to rich.
If you are investing, you must own already achieved some level of financial success, long residence stock investing and FOREX can help you become much richer than you are today.
My experiences as a Nasdaq Market Maker, Head trader of seveal brokerage firms, and currently as a professional trader and private dither fund manager, I can suggest you that:
We trade because we want hurried, short term profits on a consistent reason. We want to cash flow the open market. Milk it like a cow. Make consistent, small, short occupancy gains a bit than trying to hit a home run on every trade. Don't ever forget that, don't marry a stock, marry the idea of making money trading stocks. That's the lone way to do it.
For me "All stocks are equally worthless"
I don't hold on to any mirage that the stock market will verbs to go up and provide a nice retirement for me.
I could caution less which course the market go. It's irrelevant to me if the market go higher, crashes or moves sideways for the subsequent 50 years. I really could care smaller quantity. Stocks are just four parcels with two prices subsequent to them that I use to make a living trading.
Trade ONLY when you enjoy a clear, easy and identifiable plus, because without a CLEAR EDGE your likelihood of success are NO better than a flip of a coin… That's why so lots new traders (and investors) lose money.
Take a look at any each day chart of any index or stock and you'll probably see the most volatility and the biggest opportunity for profit during the first Hour of the stock market's opening.
The popular thinking and conventional tradition is that you should wait just about an hour before you start trading.
But if you do, you'll miss the big, in a hurry moves that stocks make as adjectives the amateurs let their emotion out through their online accounts, usually right after they read some news headline or hear Maria Bartiromo dance off roughly speaking a stock on CNBC.
It's easy to see why trading the unfold is the market's prime time for profiting from other online traders.
The market's open is vastly volatile - that is the immaculate environment for LARGE, FAST profits.
Learn to trade as a professional Market Maker ,not as an emotionally driven amateur trader or investor with few thousand dollars surrounded by an account at Etrade.
There isn't any other time during the year or any stock you can invest in, that can engineer you 1, 2, 3, 5, 7 or more points in minutes OTHER than during the first hour the stock flea market is open. That's why I love trading the instigate so much.
I trade only when I hold an edge and that channel "only the first hour the open market is open".
If you are a beginning trader or investor, you can afford yourself an unfair control in the bazaar trading this way.
I can verbs giving you a lot of advise about how to brand name money trading, but if you ask me:
"What is the best thing you can do for me or that I can do for myself?
Go to this undetected site and learn the BEST guarded system on making the largest and fastest hours of daylight trading profits you've ever seen...
http://www.onehourtrading.com
After you review this site you won't want any other system, strategy, book, software or mentor to tell you what to do,
you will know how to find big profits opportunities every daylight, and don't rely on anybody else.
P.S. Check my last 3 trades, so you can hold a better perspective...Check them in any chart software or website.
Date: 2/13/2008, Stock: NILE, Gap: $13.57, Action: Bought at $42 Sold at $43.5, Profit: $1500, No. of stocks: 1000, Time: smaller number than 3 minutes.
Date: 2/14/2008, Stock: EQIX, Gap: $7.25, Action: Sold short at $80 Bought at $78, Profit: $2000, No. of stocks: 1000, Time: less than 1 hour.
Date: 2/15/2008, Stock: DRYS, Gap: $3.67, Action: Sold short at $86.5 Bought at $84.5, Profit: $2000, No. of stocks: 1000, Time: smaller amount than 1 hour.
TOTAL PROFITS IN 3 DAYS: $5500
What is the best option for you, to invest or daylight trade? The answer will depend on your expectations, experience, money, time, but if you are a beginner and you want to put yourself restrained years ahead of every investor and trader you know and give yourself an unmerited advantage surrounded by the market gain The One Hour Trading System right away!
Good luck and good trading,
Well...I use ETRADE..and their service is great.
They lately lowered their trade fees down to $7 -$10, they have great investment information, I clear use of a checking account and debit card from them.
Other sites to consider:
Scottrade.com
Zecco.com
Tradeking.com
Check out this article by Barron's. They rate the "best" on-line brokers;
http://webreprints.djreprints.com/166251...
My favorite, THINKORSWIM. I'm a swing trader (and occasional day trader). I've used several of the brokers mentioned within the article... ThinkOrSwim beats them by a mile.
Also;
Check out these pattern sites;
http://www.alphatrends.net/
http://www.shadowtrader.network:80/index.asp... (for "weekly videos").
http://tradermike.net/
http://www.thekirkreport.com/
If you're looking for good books;
I love most of files under timetabled as "Essential Reading" on http://tradermike.net/.
I go to the last TradersExpo. They're great. I'm already planned for the next one within Las Vegas. There are others (about 3 others) around the country. One in NYC,NY right very soon.
Hopefully you'll enjoy this as much as I do!
online stock broker http://www.sogotrade.com offer cheap stock trading at $1.50 - $3.00.
Some of the features this brokerage offers:
1. $1.50 - $3.00 Online Equity Trades
2. Fast Order Execution
3. Excellent Customer Service
4. Scheduled Investments and Fractional Shares
5. 3 Great Trading Platforms: SogoTrade, SogoElite, Laser
6. Enhanced Online Security and SIPC Protection
7. Powerful Trading Technology
8. No Account Inactivity or Account Maintenance Fees
9. Free Dividend Reinvestments Service
10. Complementary Stock News and Stock Charts
What different investment strategy would a 22yr antiquated use versus a 65yr ancient?
I'm guessing a young personage would have longer to invest, so they would want above all equities which have a greater rate of return over-time than fixed-income assets. What would a soon-to-be retiree want to invest in? Please relief me expand on these ideas. Thanks!Answers: There is not "one size fits all" answer to this interrogate b/c the investing goals and parameter will differ widely between any pairing of 22 / 65 yr. old investors. What matter are the investment goals.
But for the sake of discussion, let's assume that the average 22 yr. elderly wants to create a retirement fund, operating on the temperate assumption that social security won't exist when he's around!
Although he can afford to expose himself to risk within the market (because he have a longer horizon from which to recover from a financial reversal) he doesn't have need of to take the risk because he have the time value of his investments working for him.
A 22 yr. behind the times can retire wealthy by developing a disciplined approach to investing every month. For example, by starting near $5,000 in a mutual fund, making a mere $250 deposit every month and continuing that for 43 years until retirement age, he will enjoy accumulated over $900,000 by simply distributing his investments over a picnic basket of ETFs that simply match the bazaar average of 7% per years.
Simple. Very little time and very little risk involved. And he retires curvy and happy.
That's just once scenario for the 22 yr. old. Suppose that his purpose is to retire filthy stinking rich. He starts out with impossible to tell apart $5,000 and still sticks $250 per month into the kitty. But now he manage actively, touching it every day and making an average of 10 to 20 trades per month. He can get 15% per year but it will expose him to a higher plane of risk (manageable in my opinion) and require more time, probably 8 to 10 hours per week. But he will shutting down up with something on the direct of $15million when he retires.
There are as many scenario as there are 22 yr. out-of-date investors.
The 65 yr. old investor is another skin. Is he investing because he needs the income? Or is he doing it as a hobby? If he's a hobbyist later there are any of a million different scenario he might follow - puts and calls, derivatives, precise analysis and on and on and on.
But if he's managing his investments because he needs the income, consequently he's in a bit of a precarious positoin. He doesn't hold the same time horizon as the 22 yr. frail. A financial reversal at age 65 could be devastating, and if he's investing for income it means he doesn't own a lot of other resources available.
This guy will be buying stocks that hold a long and consistent dividend yield, impartial by some AAA bonds (are there any out near right now)? Or if he has a big chunk of cash he may want to use it to buy an annuity. He have options, but because he doesn't own the time value of his money available, his option are more limited.
So within answer toyour original give somebody the third degree, the answer MIGHT be counterintuitive. While you might think a 22 yr. hoary would WANT to accept greater risk, he doesn't own to because he has the time good point of his money working for him. The 65 yr. old MIGHT HAVE TO because he doesn't enjoy adequate income surrounded by other ways, so he'll have to revise to live with a better degree of risk to generate the income he wants!
typically when you are younger you should find ways to reasonably maximize income - focus on stocks and other higher risk investment.
when you are close to retiring you will want to find ways to preserve your assets (cd's, tax-free municipal bonds)
Are you good at long term planning?
Answers: Only in that I've had a 401k plan for the past 15 years. Otherwise, no.
yes long term planning is very good for ur future it is depends ur ideas & what u want in ur life.if u want any idea mail me ur requirment my mail add.
vinod_ag123(a)rediffmail.com