Stock Trading Secrets?
How often have you come across an advertisement or e-mail proclaiming to "teach" you the stock trading secrets that Wall Street Insiders don't want you to know? Usually included in the descriptions of these trading products are claims such as "Make 10K monthly in minutes per day", or "Learn the secrets of Professional Stock Brokers", etc. etc. So what are these "secrets" that they are SELLING?
And if the Wall Street Insiders and the Professional Stock Brokers didn't want to reveal these trading secrets with you, then how come the companies or individuals selling you these products are so quick to give up these "Never before revealed" techniques?
Is it because they don't work, or are their products just the basic rules of trading rewritten (once again) in a new and thought provoking way? Or, if you believe everything you read, is it really some highly classified and secret method for trading stocks that is being SOLD here?
Stock Trading Secrets Revealed
In its most simplified form, the real trading secrets of the institutions and professional traders fit into at least one of the areas below...
1) A well developed trading system that has proven itself to profitably work over and over again in real-life trading
2) Knowing which trading strategies work best in which markets
3) The role of the Market Makers and how they use their influence to control the market and how you can use this to your advantage
4) What trading indicators are actually reliable
5) Which trading patterns are worth using, and when
6) Proper Money Management techniques, Money Management, and Money Management (note the emphasis here)
7) How to take advantage of margin
So, contrary to what they want you to believe, this is what they are selling you. I'm not saying that all of these trading products out there promoting unknown trading secrets are not worth the money, but quite the opposite. If they can provide you with truthful advice about any of the above areas, AND this advice is not easily accessible or publicized, then their product may greatly benefit your trading results.
But, if they are simply selling you generalized trading information that you can learn from any basic trading book, perhaps your money is better spent elsewhere. Buyer beware.
Frank Soler is a successful trader and Registered Investment Advisor. His company, Soler Investments, provides trading advisory services for stock traders and currency traders. Visit SolerInvestments.com today to find out how he can help you become a successful trader.
Copyright @ 2005 Soler Investments All Rights Reserved. Reprint of this article is allowed as long as due credit is given to the author and links are left intact.
One of the basic laws of physics states that a body in motion will continue in motion in the direction it is going until interrupted by another force.
What Does it Take to be a Stock Trader?
It takes a total mental commitment to the task. It becomes a complete way of life. You cannot be a part timer. You cannot work at a regular job and trade stocks successfully.
Why the Majority Fail at Stock Investing
The gleam and bright lights of Wall Street lure in many new investors each year, only to send them home crying to their friends and family. Why do so many people fail when it comes to the stock market? The reason is very simple: Hard work! Most people are looking for a quick buck or a fast path to riches. This is not the case when it comes to investing in individual stocks. If you wish to invest in stocks, treat it like a business, NOT A HOBBY. For example: A retail outfit can't make money if it doesn't have goods to sell, the same goes for investors, without cash, you can't invest. What do I mean? All investors need rules and you need to follow these rules or money WILL be LOST. If you lose your initial investment, you are out of business (just like the retail store). I don't necessarily care what your rules are but they need to be proven and then followed to a "T".
The Holy Grail (of Investment)
Every year I go to the Money Show in Orlando, Florida. Thousands attend. It is mostly an older crowd with the youngsters about 40 years of age. I have been saying for years that until you have lost enough money trying to make a fortune you will not become serious about investing. The under 40's are shooting for the moon and it has finally dawned on the over 40's (maybe it's the over 50's) that they must find a better way to get rich.
Dont Buy Stocks based on P/E Ratio alone
I use the P/E ratio as a secondary indicator for buying and selling stocks but I don't use the ratio in the same a manner as many value investors teach. I will explain the difference in my methodology for using the P/E ratio to your advantage.
Why Investors Use Financial Planners
Do you have a financial planner? Does one ofyour friends have a financial planner? Maybe youtake your advice from your broker. As I havesaid countless times before a broker will makeyou broker. And a financial planner won't do anybetter. I know. You thought they would.
Choosing a Stock Broker
If you were to find that you had some severe illness that required surgery, would you attempt to perform that surgery upon yourself? What if your car broke down and needed a valve job? Would you get out the Craftsman tool set you got for Christmas three years ago and start tinkering under the hood even though you know absolutely nothing about engines? Of course you wouldn't do either of these things because there are times in life when we know we must seek the assistance of a professional. So why is it that so many people try to make their own investment decisions without consulting a professional stock broker?
Investing in the Stock Market - When To!
Is really not as important as to how you invest in the stock market. And how you invest in the stock market should take into consideration what goals you are setting for that stock market investment.
An Old Proverb for Investing
"If you don't know where you are going, any road will get you there."
Invest In The Stock Market For The RIGHT Reason, Using The RIGHT Choices
Invest in the stock market for the RIGHT reason, using the RIGHTchoices!
Long-Term Investment In Todays Market?
The stock market is very unstable at this time going up and down while interest rates are so low you want to be a borrower and not a lender. Would you like some suggestions on how can you get the most out of low interest rates while being assured your principal will not disappear while you are trying to make some money? Of course, there is always the danger of borrowing the money and then spending it just because it is there.
How Much Money Can I Make With Trading? What Account Size Do I Need To Start?
What account size do I need?
Mutual funds are doing more and more to discourage investors from leaving them and taking their money to a better performing fund. What does better performing mean? It has nothing to do with who the manager is, what the expense ratio is or how well they performed over the past 5 or 10 years.
Stock Trading Diversification
This is the continuing story of our two imaginary traders, Peter and Paul.
Stock Valuation using the SMP Model
Disclaimer:Please note that I do not necessarily purchase, own, or partake of any of the securities or other financial instruments mentioned in this article. I also do not take any responsibility for any actions resulting from any actions taken by anyone who reads this article. You are responsible for your own finances - no one else. Do your yown due diligence when researching financial matters.
If you have been watching the stock market at all you are probably very confused. You are not alone. One day is a hundred points up for the DOW and the next a hundred down. What is going on? There are many stocks that are going up and unless you are in the right ones you will be left behind.
I constantly hear the talking heads on CNBC-TV, the radio and other places talking about THE market. Of course, they mean the stock market which actually now is world wide and no longer just concentrated in New York. To every New Yorker New York is the center of the world from which radiates all knowledge and everything else worthwhile.
Trading vs Investing
I often hear from people, "I don't trade. I invest. I buy a mutual fund and I hold it". Mr. Investor, did you know you are trading on a regular basis? Are you aware that mutual fund managers are changing their positions by selling certain stocks and buying others?
What Can Model Airplanes Teach You About Trading?
I was devastated!
Every day I hear someone on CNBC proclaim that "this is the bottom" and you should get in there and buy all those "bargains". "The valuations of the DOW stocks are a steal."
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