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Online Stock Trading Tips
Author: Markus Heitkoetter (Rockwell Trading Coach)
Online stock trading is the simplest and easiest method of buying and selling shares, and it can be done entirely from the comfort of your own home or office. One of the main reasons that online stock trading has become so popular is because investors are not required to pay hefty commission fees to brokers, which would take away from their net return. Most brokers offer a so-called "flat fee," which means that you pay a very low cost (around $10) for buying and selling any stock, regardless of the amount of shares you are trading.
Online stock trading is enabling millions of Americans to make money in the stock market - even with minimal investments. Big companies like Charles Schwab, e-Trade, TD Waterhouse, and Ameritrade all cater to these kinds of traders with low commissions and easy-to-use trading platforms. As a result, online trading is becoming a very popular alternative to more traditional methods of stock investing. Luckily for everyone interested in the industry, online stock trading is a pretty simple thing to get into.
However, before you dive in headfirst, you need to understand that stock trading is a business - it's done to make money - and it's definitely not a get rich quick scheme. If managed properly, stock trading is a legitimate means of attaining financial freedom. Always remember that day trading and investing in stocks involves high risks, and losing a lot of money IS a possibility. In other words, stock trading is not for the inexperienced, or the na´ve - it should not be entered into lightly.
As with any type business venture, you need to define your stock trading goals before you actually begin to trade. So, you need to do some solid planning. A good trading plan covers topics like:
How many trades will you take per month/day/week?
How much risk should be taken per trade?
Which system or set of indicators will you use to find the right stocks to trade?
It is very important that you take stock trading seriously. It is a business, so educate yourself, prepare your funds, plan carefully, and then execute your plan. This will set you far apart from the gamblers out there who want to get rich quick. There's a saying about stock traders that says it all: "a stock trader who wishes to make his million in one day will be hung in one week." If you put just a little forethought into your trading plan, you can avoid these mistakes.
Successful stock trading, like so many other things in life, requires you to have skill, discipline, and a good plan. It is not for everyone. However, if you are serious about getting into stock trading and you're willing to give all your effort to be successful, then welcome! I wish you all the best in your trading!
About the author: Markus Heitkoetter is a long-time successful trader whose hobby is to educate the public on how to trade profitably. After many years of giving seminars and webinars, Markus co-founded Rockwell Trading as a trading coaching program. He assembled some of the most highly successful traders in the industry to provide coaching advice and offers the best performance guarantee in the industry. Markus' guarantee is to turn failing or marginal traders into success stories, and thus far, he and his coaching program has achieved a success rate of over 97.7%. His Rockwell Trading Coaching Program is the only trading education company that is listed on the Better Business Bureau (BBB). To obtain a free 296-page guide to trading, visit the Rockwell Trading free ebook download page. To learn more about the coaching program visit the Rockwell Stock Trading Coaching Review website and the Rockwell Trading Review webpage.