If your newbie in stock trading then follow this steps.
1. First of all you need to open a trading account. I use Zecco, you may choose any trading site.
You can click here http://Zecco.popularmedia.net/click/share/b40201fd41691d4e4cc063814e76e69c and sign up and deposit the money you want to invest. Never invest the money that you really need in short period of time. I prefer depositing small amount for trading, because a bank would give me an interest rate of 2-3% max, while it is possible to make more then 10% of your amount in stock any day. But there are chances of losing it all, if you make a wrong move. The money in stocks is never lost or gained as long as you don't sell it. Depositing $200.00 every month in stocks not only give you option of saving money but at the same time it can grow too.
2. Doing research on stocks is very important before investing. I use http://www.google.com/finance
and http://finance.yahoo.com to find out the right ticker name for e.g. google ticker name is Goog, microsoft ticker name is MSFT and so on. You may monitor the stocks at http://www.freefdawatchlist.com
for a quick reference. Most of the stocks listed here are at the bottom. So the chances of losing money is very rare.
3. Create your own watchlist and monitor your stocks daily to know a pattern.
4. You can develop your own strategies and plan for investment.
For example.
I think an investment of $500 is an ideal for start ups.
Considering $4.50 for buying and $4.50 for selling, makes a total of $9.00 of commission. So for an investment of $ 500.00 would need your stock to jump atleast 1.8% ($ 9.00) for break even, which is possible in any day. Most of the stocks listed here jump atleast 10% to max 300%, which means you can make $550 - $1500.00 in any single day. Choose the right time of buying a stock and make the right decision of selling when in profit.
5. Don't be too much greedy. Don't hold any stock for long unless its big company with strong balance sheet.
6. If possible invest with $1000 or $2000 in a stock which is already rallying. The stock which is rallying easily jump between 10% - 50% in a day. So an investment of $2000 with 10% jump can give you a profit of $200 in just few minutes. This would mean your generating an additional income of $200-$4000 per month.
7. Whether you make profit or not but atleast at the end of month you would have an additional saving. Imagine bank paying you only 2-3% interest rate and compare it with stock trading. You may loose but still it gives you chance to make some additional income.
7. Remember to sell that is the key to make profit.
8. Reinvest the gain to avoid tax and at the same time it gives you more opportunity to diversify your portfolios.
Good luck with your trading.
1. First of all you need to open a trading account. I use Zecco, you may choose any trading site.
You can click here http://Zecco.popularmedia.net/click/share/b40201fd41691d4e4cc063814e76e69c and sign up and deposit the money you want to invest. Never invest the money that you really need in short period of time. I prefer depositing small amount for trading, because a bank would give me an interest rate of 2-3% max, while it is possible to make more then 10% of your amount in stock any day. But there are chances of losing it all, if you make a wrong move. The money in stocks is never lost or gained as long as you don't sell it. Depositing $200.00 every month in stocks not only give you option of saving money but at the same time it can grow too.
2. Doing research on stocks is very important before investing. I use http://www.google.com/finance
and http://finance.yahoo.com to find out the right ticker name for e.g. google ticker name is Goog, microsoft ticker name is MSFT and so on. You may monitor the stocks at http://www.freefdawatchlist.com
for a quick reference. Most of the stocks listed here are at the bottom. So the chances of losing money is very rare.
3. Create your own watchlist and monitor your stocks daily to know a pattern.
4. You can develop your own strategies and plan for investment.
For example.
I think an investment of $500 is an ideal for start ups.
Considering $4.50 for buying and $4.50 for selling, makes a total of $9.00 of commission. So for an investment of $ 500.00 would need your stock to jump atleast 1.8% ($ 9.00) for break even, which is possible in any day. Most of the stocks listed here jump atleast 10% to max 300%, which means you can make $550 - $1500.00 in any single day. Choose the right time of buying a stock and make the right decision of selling when in profit.
5. Don't be too much greedy. Don't hold any stock for long unless its big company with strong balance sheet.
6. If possible invest with $1000 or $2000 in a stock which is already rallying. The stock which is rallying easily jump between 10% - 50% in a day. So an investment of $2000 with 10% jump can give you a profit of $200 in just few minutes. This would mean your generating an additional income of $200-$4000 per month.
7. Whether you make profit or not but atleast at the end of month you would have an additional saving. Imagine bank paying you only 2-3% interest rate and compare it with stock trading. You may loose but still it gives you chance to make some additional income.
7. Remember to sell that is the key to make profit.
8. Reinvest the gain to avoid tax and at the same time it gives you more opportunity to diversify your portfolios.
Good luck with your trading.
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