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.
car service from Midway Burlington .. Lockport Chicago limo O’HareFrom the book 'The Stockopoly Plan' by the author Charles... Read More
Mutual funds are doing more and more to discourage investors... Read More
Now that you have some money burning a hole in... Read More
Well maybe that's overstating it a little, but it's certainly... Read More
Have you been listening to the talking heads on CNBC-TV?... Read More
We all know that emotions control every decision that an... Read More
The debate rages all over Eastern and Central Europe, in... Read More
To become a successful trader you must have some kind... Read More
Financial markets provide their participants with the most favorable conditions... Read More
Just about now everyone is confused as to which way... Read More
Today we are inundated with tons of information about the... Read More
Everything you invest in has risk so you want to... Read More
How is it possible that trash Companies are posting less... Read More
I go to the Money Show every year to visit... Read More
What a great statement!I just heard someone use it in... Read More
If you have a pension plan at work you will... Read More
Every day I hear someone on CNBC proclaim that "this... Read More
The Law of Chaos is the theory of random unpredictable... Read More
Yesterday I received my monthly issue of MONEY magazine. This... Read More
It is difficult to make money in a bull market,... Read More
Both the stock market and oil prices rallied recently, which... Read More
Carefully thinking through your goal as a trader is of... Read More
It is commonly reported that the stock market averages about... Read More
The stock market has been in an up trend for... Read More
The Shadow knows. There used to be a radio program... Read More
Granger limo Chicago ..The Shadow knows. There used to be a radio program... Read More
One of the great truisms of Wall Street is "Don't... Read More
One of the big advertising kicks today from mutual funds... Read More
I am sure that if you have a brokerage account... Read More
How often have you come across an advertisement or e-mail... Read More
The stock market is very unstable at this time going... Read More
We all know the expression, "My country, right or wrong",... Read More
I love roller coasters. The steeper the better. High and... Read More
This is the continuing story of our two imaginary traders,... Read More
There are formulas for just about everything, but it has... Read More
Just about now everyone is confused as to which way... Read More
Robert Rodriguez likes to buy stocks at their lows. When... Read More
That sounds like good advice doesn't it? Don't lose all... Read More
For the last few weeks we have seen the stock... Read More
With an insecure job market, overworked employees, insufficient retirement savings... Read More
With the stock market stubbornly refusing to settle down and... Read More
I use the P/E ratio as a secondary indicator for... Read More
After the publication of the first part of this two... Read More
There are so many kinds of work that needs to... Read More
We keep hearing about this bear market and that the... Read More
(1) CHK stock price $16.74, NAV $32.5CHK is my favorite... Read More
There can't be many traders who haven't at least considered... Read More
Do you have a financial planner? Does one of your... Read More
If you were to find that you had some severe... Read More
Very few people, even professionals, have heard of the Dalbar... Read More
Stocks & Mutual Fund |