Comments on: Im about to start my online stock trading and need some help?

By: Chad302

Chad302 — Fri, 25 Jun 2010 12:58:26 +0000

New investors should avoid trading "individual" stocks at all costs. It is very difficult trade "individual" stocks, and if you have no understanding of the markets large institutionalized investors will have a field day taking your money right out from under you.

To be honest you should start with a quality mutual fund from a company like Vanguard, and learn how the markets work in a less-risky safer manner.

By: jak4friends

jak4friends — Fri, 25 Jun 2010 12:58:26 +0000

i dont know about any other market but if you are interested in investing in indian stocks then we give calls in nse and bse calls . our site address is http://sites.google.com/site/nsebsecalls/home/track-record-1 .we give quality calls . you can see our track record on our site.

By: Erin

Erin — Fri, 25 Jun 2010 12:58:25 +0000

I agree with Common Sense. I would advise you to start trading with fake money on virtualstockexchange.com. you really can learn a lot just by watching patterns of certain stocks. better to make your mistakes when you’re not playing with real money.

good luck

By: mentor2007

mentor2007 — Fri, 25 Jun 2010 12:58:25 +0000

It is great that you want to take your future into your own hands.
I started with forex back in 2005 and it has been a wild ride. But
at the end I am happy.

First thing is education. You have to invest in educating yourself
first. It will save you time and money. If you don’t pay the price in
educating yourself, you will pay the price by the losses you incure.(out of experience).
This is not to discourage you, but to help you avoid the mistakes
that most who venture into trading make. I made a lot of mistakes.

Pick up a copy of: "Tools and Tactics For The Master Day Trader" by Oliver Valez.

Point 2. After your initial education, you want to find a mentor. Someone who is
trading for a living. There are those who invest for the long term. But day trading
you will need a successful trader to help you succeed. Why? Trading stocks on
a daily basis is 85 to 90% psychological, that is why 95% of those who get started
get lost and loose their shirts. But to become part of the 5% who eventually become
successful, you will need a successful mentor. Otherwise, you will loose all your
money.

Point 3. Trading is very lucrative and wealth is achievable for the well-prepared day
trader… and so elusive to the ill prepared. So you have to arm yourself- both psychologically
and intellectually to face the unlimited challenges of trading.

I hope this help you the prepare well before you get started. I personally trade the forex
markets not stocks. But reading day trading books on stocks has helped me a lot.

It is only education that will give you the edge. But in trading you will also loose money,
but your winnings will become better, if you are well prepared.

By: Common Sense

Common Sense — Fri, 25 Jun 2010 12:58:25 +0000

If you don’t take six months to a year to learn the basics of stock trading….. you’ll get the results you deserve. Suggestion: don’t open an a broker account until you understand what you’re doing and what order types and tools you’ll need.

By: Scorpio

Scorpio — Fri, 25 Jun 2010 12:58:25 +0000

you pay just the required amount…$9.99/ tdameritrade.com is who i use and this is what they charge.
example..deposit $500.00 there is still $500 in account.
buy $500.00 worth of stock and it will cost you $509.99
$1000.00 worth of stock will cost you $1009.99
i hope this helps you.

there is a free link on my about me page loaded with tons of info…i use it all the time.