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
executive chauffeured services Bradford .. Madison to Airport carEverybody is riding the Wall Street Roller coaster. Even if... Read More
I constantly hear the talking heads on CNBC-TV, the radio... Read More
A colleague of mine just returned from a scuba diving... Read More
Alfred Winslow Jones started hedge funds in 1949. He was... Read More
What is the Series 7 Exam? If you... Read More
In his wonderful book, 'Multiple Streams of Income', best selling... Read More
(1) CHK stock price $16.74, NAV $32.5CHK is my favorite... Read More
So you're started trading, you bought some positions with your... Read More
It has often been said that there is only two... Read More
Since I can remember, and that's a long time ago,... Read More
For weeks, no, months we have been bombarded with nothing... Read More
It's about time someone spoke the truth concerning outsourcing. The... Read More
Many people would like to diversify their portfolios to expand... Read More
From the book 'The Stockopoly Plan' by the author Charles... Read More
Mutual funds were moderately successful in creating a presence in... Read More
I don't know what kind it is, but I saw... Read More
I know there are a lot of you out there... Read More
Before they go over the cliff to their destruction these... Read More
Investors who exclusively use broadly diversified, no load mutual funds... Read More
Any online investor / trader seeks an excellent off or... Read More
After some forty years of banking and investments, I retired... Read More
Caught in a whirlpool and being sucked under. No life... Read More
When we go to the circus we see a trapeze... Read More
Do you have a financial planner? Does one of your... Read More
Look back over the years and try to remember how... Read More
O'Hare Chicago prom limo ..Everybody is riding the Wall Street Roller coaster. Even if... Read More
"There is nothing more frightful than ignorance in action!" Johann... Read More
Hedge current portfolio positions and gain access to capital resources... Read More
Caught in a whirlpool and being sucked under. No life... Read More
I receive emails from Morningstar. This company provides statistics and... Read More
It is finally catching up with them. The brokerage companies... Read More
What does it mean to short a stock?This means that... Read More
In my opinion, due to the volatility of stock market... Read More
Both the stock market and oil prices rallied recently, which... Read More
Time to look back2004 is over, now we are in... Read More
The Winter Games for the Olympics are coming up soon... Read More
If you don't know where you are going any road... Read More
As an investor you will want to check out any... Read More
That sounds like good advice doesn't it? Don't lose all... Read More
A few years back ? it seems like an eternity... Read More
AS BUILDERS BEGIN WORK ON THE FREEDOM TOWER in New... Read More
What the heck am I talking about?It is often said... Read More
This is a guide to the different types of mutual... Read More
I would like to share with the reader an article... Read More
How many people went to a cash position this week?... Read More
Just 30 years ago the stock market was a shadow... Read More
Money: the most charged word in the planet. It means... Read More
We keep hearing about this bear market and that the... Read More
You'd have had to be living on a desert island... Read More
You probably have been told that options are risky. Even... Read More
Stocks & Mutual Fund |