is stocks or forex a rational option to invest such a little money if i have one hour of free time? thanks for your help in advance, guys.
I am willing to have a 50% risk of losing it and may use it after one year. what options does that leave me with?
my advice would be take the investools course and traing, there system will teach you how to make incredible gains in up or down markets. forget B.S. returns from financial planners that will just put you money in a mutual fund. They teach you the technical indicators that proffesionals use. It costs about $2000 then their site costs a few hundred a year, but no site compares with their tools. here?s the link?at this link I gave you, scroll down to the left there are a few demos.
http://www.investools.com/toolbox/index.jsp
To prove how good investools is?.Look at the stock chart of theri own stock which the symbol is IEDU?. The stock went from $1 to $14 dollars in like 3 years. That?s how good theri system is. Here is the link??
http://stockcharts.com/c-sc/sc?s=IEDU&p=D&yr=3&mn=0&dy=0&i=t82330920302&r=9384
Now if you can?t afford it yet, that?s okay. keep it in mind for the future.
you can turn that $1000 into $100,000 in one year by trading stocks, not investing. Investing is long term. The stock market is open from 9:30 am to 4:00 pm eastern, everyday. There are stocks that go up 10%, 30%, or even double every day. I work everyday in the afternoon, so I only have from opening bell at 9:30 to 11:00 to trade stocks. The stocks that make the biggest moves everday are low priced NASDAQ stocks. $5 or under.
First you need to open an online broker. I use Scottrade.com and opened mine with only $500. I just filled out the required info at their site, and the next day wired transfered the money to them at ll:00 am, and by 1 pm in the afternoon I was able to make my first trade. It?s that easy. Anyone is fine. There are two types of accounts, Cash or Margin. If you only have $1000 you can only open a Cash account. With cash accounts, when you sell a stock, you have to wait 3 days for the money to settle before you can buy another stock with that money you got from selling. So When you you first start, you won?t be able to make trades everyday because you only have $1000 and will have to wait three days.
Now about trading stocks and finding them?..
Stocks react to PR?s (Press Releases) . So in the morning find the stocks that are moving because of good news released that morning, and get in the stock as they are going up, and after you made 5, 10, 15, or what ever percent sell it quickly to lock you profit and forget about the stock. Wait for you funds to settle in three days, and trade again.
Now how do you find the cheap NASDAQ stocks the move the best every morning to good news ? Good question
The best Trading platform for penny stocks is Microcaptrade. I?ll give you the link.
http://www.microcaptrade.com/ind/platform_features-features.html
All you have to do is look at the top 400 tool at microcaptrade before the market opens. Microcaptrade also tracks pinksheet and OTC stocks, but stay away from those, they are scam stocks and too risky. They don?t meet the reqirements for the NASDAQ, NYSE, or AMEX , the three major exchanges. So at the top of the Microcaptrades top 400, uncheck the boxes at the top that say pinks and otc: bb , that way only the NASDAQ stocks will be tracked. then click on the column heading that says trades. That will sort all the stocks by the # of trades. That way you will see what stocks are getting the most buys and sells that day. And all the way to the left there is a column header that says news, if there is a number in that row, that means there was a PR that morning (news). Look at the link I gave you and you can look at the platform. Also microcaptrade has a news tool, that show every single PR that day for either OTC:BB, Pinksheet, or NASDAQ stocks. Once again, just unched the pink and otc boxes , show that you only see the NASDAQ news. the reason I say stay away from pink sheet and otc stocks is that the can go up 50% or double or tripple in one day, or sometimes go up 1000% in a few days to a week, but they can also drop quickly and go back to where they started or below. Another reason is you have to use limit orders and the price changes so much you have to keep changes you limit prices and it?s tricky just stay away. With real stocks like NASDAQ, NYSE, Or AMEX stocks, you can use MARKET ORDERS, that means all you have to do is put in the stock symbol and the number of shares, and the order goes through in seconds. To place a trade with $1000, you would subtract the commision. Then divide the money buy the current price of the stock. I use Scottrade. they charge $7 per trade. To make it easy say it?s $10. You would subtract 1000 by 10 which is $990. that?s what you have to work with. If the current price is at $10 the divide you money by that. That wold give you 99. So you have enough money to buy 99 shares. You would just go to scottrade and put buy 100 shares of xxxx or what ever the sybol is.
The best message board for day traders is the lion. Most people who post there are full time traders that trade for a living?.just read their posts and you can make money. Read the wall street pit board at the lion. here is the link?
http://www.thelion.com/
IHere are some other stock and financial sites in general to get you to learn the basics.
Yahoo finance?type in any symbol ? I put in apple?s symbol
http://finance.yahoo.com/q?s=aapl
Barchart
http://www2.barchart.com/support/sitemap.asp
this link will show you the stocks with the most percent gainers everyday?.You can make these gains everyday?.forget 10% a year in a mutual fund
http://www2.barchart.com/padvance.asp
most people into investin and trading subscribe to IBD (Investors business daily)
http://www.investors.com/
Investools is awesome?.take a free seminar and check it out, you can double you money every year with their methods?which is basicly buy good stocks like google and apple when they go above their charts look good, and sell when the look bad. no need to buy and hold and make something like say 15% a year, when you can buy low and sell high and make say 75% a year on the same stocks by buying and selling it. Here?s their link
http://www.investools.com/
If you have question about any topic in finance or investing, or daytrading?.here is the best site?.just put in the keywords of your question
http://www.investopedia.com
Tags: best trading, make money, best trading platform, E Trade, time trader, day trader, online brokerSnooki Baby terrell owens terrell owens neil armstrong little league world series us open tennis us open tennis
No comments:
Post a Comment