Let's assume that you want to make some serious money and you have chosen to take things into your own hands rather than depend upon a "professional trader" to make your trading decisions. This is usually only recomended if you can afford to lose the money that you are trading with, and you appreciate the fact that there is much more upside potential with this added risk. In any case, you have decided on 3 stocks that you like and are now at your computer ready to purchase them.
Before you decide to get into the market, you will want to do some research. Determining a good time to get into the stock market is very hard, but it can also be one of the most important decisions you make. When traders get carried away and think too optimistically, the market gets over valued and it is ripe for a downturn. After that downturn is when you want to enter the market. Once believe that time is now, the next step is to sign up for a online brokerage account. Then, you will want to choose at least 3 stocks from different sectors of the stock market. Perhaps you like Genentech- DNA or Phizer - PFE as a drug stock, google - GOOG or intel - INTC as a tech stock, and Exon Mobile - XOM or Valero - VLO as an energy stock.
Then, it's as simple as entering the symbols for the stocks that you have chosen to invest in and setting a limit price. Or, if you prefer to have your trade placed instantly at the best available price, just make it a market order and it's even simplier for you. Now, unless you have the time and interest, let your stocks sit for a year or more before you even consider selling them. This way you can avoid short term capital gains tax which can eat into your profits.
Of course, if you prefer a less risky approach consider purchasing a no load mutual fund. You will want to make sure it is a no load mutual fund otherwise you could be charged up to 5% or more by your broker on each trade you make. With all the competetion out there, don't get sucked into a mutual fund with "hidden fees" like that.
I hope this article has given you an introduction to online investing and will help you.
Troy Smith is a freelance writer who also makes a living buying and selling stocks on a daily basis. Visit his Website: stocksoptionstrading.com
Indian Head Park taxi to Midway .. Lockport Chicago limo O’HareI mean it when I say that. While plastic silverware... Read More
Are hedge funds a suitable investment for you? Hedge funds... Read More
Most people think the stock market is a zero sum... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
Four blind men were asked to give a description of... Read More
One of the things people are always asking me is... Read More
Exchange Traded Funds (ETFs) are a group of passive index... Read More
Well maybe that's overstating it a little, but it's certainly... Read More
How many people went to a cash position this week?... Read More
When it comes to stock market trading it PAYS to... Read More
Most stock traders know that momentum trading can be a... Read More
I go to the Money Show every year to visit... Read More
It looks like we have now entered a new bull... Read More
What a great statement!I just heard someone use it in... Read More
Mutual funds and brokers are always preaching not to buy... Read More
The Macedonian Stock Exchange (MSE) is not operating successfully. True,... Read More
Are you paying any attention to your retirement savings? Do... Read More
The thinking process of the brain relating to the... Read More
One of the big advertising kicks today from mutual funds... Read More
We are already in it, but you can't see it.... Read More
The single most expensive stock market trades are those made... Read More
When you become interested in a stock or mutual fund... Read More
With the internet such a huge part of our daily... Read More
During the day I watch CNBC-TV, the stock market channel.... Read More
Bonnie Chicago charter limousine ..I'll bet with almost anyone that has stocks or mutual... Read More
Are hedge funds a suitable investment for you? Hedge funds... Read More
Do you have a financial planner? Does one of your... Read More
"If you don't know where you are going, any road... Read More
(1) CHK stock price $16.74, NAV $32.5CHK is my favorite... Read More
You read and hear a lot about hedge funds. Unfortunately,... Read More
Let's hope you did not have any of the Enron... Read More
After some forty years of banking and investments, I retired... Read More
Reduce your investing and stock market risks by:Setting your sights... Read More
One of the great "secrets" of successful people is discipline... Read More
Has your broker been calling you recently with the "great... Read More
Have you bought any mutual funds this year or late... Read More
If you are going to be a winner in the... Read More
You must take the time once a month to review... Read More
Because you don't feel too sure about which stock or... Read More
Before they go over the cliff to their destruction these... Read More
It looks like the market is ready to start up... Read More
According to Investopedia Inc. the penny stock market has seen... Read More
What! Me worry?Many of you remember the cover of MAD... Read More
Being wrong is OK, but let's not carry it to... Read More
It is finally catching up with them. The brokerage companies... Read More
TOO OFTEN, INVESTORS SIMPLY CHOOSE TO follow the crowd. This... Read More
Sometime in the third quarter of 1997, someone told me... Read More
Carefully thinking through your goal as a trader is of... Read More
Mutual funds by definition are a mixed bag of stocks,... Read More
Stocks & Mutual Fund |