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The Joys Of Online Trading

Apr 2, 2008
With twenty years of experience in stock market trading, I've discovered that trading stocks online, as I have done the past five years, is both profitable and certainly every bit as challenging as conventional trading. You can trade from the comfort of your home, having most of the resources you will ever need available online.

There are a number of companies on the Internet through which you can conduct online trading, including some very good ones. It is of the utmost importance to investigate the better known institutions and make some comparisons to see which one best fits your needs. One thing you'll want to know of course is what fee is charged per transaction (the commission). These fees will vary from company to company, sometimes significantly. A nice thing is that over recent years these fees have been dropping.

You should consider selecting a company which will provide charts and quotes without charge. Just bear in mind that charts and quotes are tools for you to use and don't in themselves tell you what decisions to make nor do they in themselves guarantee success. You should understand that you are the person in charge and the one making the decisions. A scary feeling at times but a nice one.

Trading Stocks Online is also a good way of developing an improved understanding of how the world of business and finance operates. Furthermore, by analyzing and thinking about the performance of individual stocks you can become a real expert both in a given sector and across a range of vertical markets. This is both fun and enlightening.

My experience as an investor has been very challenging, at times even amusing. If you are looking for a good challenge and willing to work at being successful in this area, online trading may be just the kind of career that will fit you to a T.

Don't expect to get rich quick and be prepared for the inevitable disappointments. But if you stick to it and do your homework you'll experience, as I did, some very exciting and rewarding moments. In one case I picked a stock prior to it's IPO and then watched my investment multiply ten-fold in fifteen minutes. I took those profits and invested them in some emerging market securities and over a longer period of time witnessed similar growth. I then took those profits and put them into government bonds for safe keeping. And I did this all from my living room!

As exciting as online trading can be there are both good times and bad. You have to approach your investing activities with a cool head and not get overly excited when stock values suddenly shoot upwards or depressed when everything seems to be falling in value. There is a certain decision to be made at a certain point in time and this decision will likely be a little different from one point in time to the next. You'll want to cultivate the discipline needed to make these decisions based on data and not emotion.

One of the cardinal sins in investing in the market is that of falling in love with your investments. There will almost always come a time when it is best to sell a given stock yet many will hold on to it if it starts going bad, refusing to cut their losses or refusing to bail out of what is fast becoming a train wreck. I hope you will take some of these observations to heart as you embark upon your online trading career and I wish you well.
About the Author
To find out how more about online stock investing and trading courses please visit my site. Good Trading!
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