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Profit Using The Power Of Online Stock Trading

Apr 12, 2008
With all the advances in technology over the past number of years online trading has become one of the most popular ways to trade. Now you can trade from home, from work, and even while on the road.

Having access to all your stock trading and portfolio information makes online stock trading extremely convenient. Combine that with the ease of accessing that information anyplace in the world there is an internet connection.

You can see your trades profit or looks in real time and see instantly see the value of your entire portfolio at a glance. Grab quotes, pull up your favorite stock charts, or even see the latest news on your favorite stock. Having all this information at your fingertips really allows you to have your finger on the pulse of the market.

Parked Orders - This is another feature that you'll fall in love with. With many online trading platforms you are able to "park" orders. This simply means that you can store orders within your online trading platform for future use.

Simulated Trading - Many online trading platforms have the ability to allow you to "simulate" real trading. This means you can enter and exit orders without any money being at risk. In my humble opinion this is an absolutely tremendous feature. Many people also refer to this as a practice account. It's sort of like driving around on an empty parking lot on a Sunday when you have your learner's permit. It gives you an opportunity to familiarize yourself with and master the basics before you go out onto a busy street.

It's fun to watch your trades in real time using simulated trading. There is something else that I'd like for you to be aware of. Be aware that you should use simulated trading to trade the same way you will when you start trading with real money. In other words resist the urge to develop bad habits just because you can't lose money in the trading simulation. One such bad habit would be overtrading. Overtrading by either trading too frequently or risking too much of your working capital per trade. Use the simulated trading feature of your online account wisely and you'll be well on your way to trading stocks profitably.
About the Author
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