Are you new to online stock trading?

scheng1 By scheng1, 29th Jun 2010 | Follow this author | RSS Feed
Posted in Wikinut>Money>Investing

If you speak to those who are new to online stock trading, and ask them why they want to get an online stock trading account, they may tell you that they want to get rich.

Online stock trading

They think that an online stock trading account is their ticket to riches.

Getting rich through online stock trading seems easy. All you have to do is to click a few buttons to set the buy and sell command, and you can easily make a few thousand dollars per day from the online stock trading account.

In reality, getting rich from stock market is a rarity. You are more likely to get poorer with an online stock trading account.

The first thing you have to understand is the concept of stock trading.

Many people buy common stock, especially the penny stocks. They bet heavily on penny stocks. The online stock trading account show a few transactions every day.

Most of them are day traders. They buy and sell penny stocks in large volume within a few hours. They can make a few hundred dollars a day. They can lose a few hundred dollars a day.

Some conservative players buy expensive common stocks to gain dividends yearly. They buy blue chips stocks. Most of them can hold a stock for years, and they do not buy and sell daily.

You must know the fundamentals of stock market investment in order to get rich through your online stock trading account. This is the most essential thing. At the very least, you have to understand what a stock is, and the meaning of online stock trading.

You have to understand the risks associate with trading stocks online.

Stock is a measurement of ownership in a particular company. Trading refers to the act of buying and selling. Stock trading online refers to the act of buying and selling ownership of the listed companies.

You do not need in-depth knowledge of the function of the stock exchange. You just need to know the fundamentals of the companies you want to buy. You also need to test out different trading strategies for online stock trading.

Read more about online stock trading at Online Stock Trading for Beginners

About me:

Scheng1 is a passionate blogger from Singapore. Rich in every sense reveals my deep desire in enjoying life, and be rich in every possible ways. Personal Finance is about money, from making money to investing money

Tags

Online Stock Trading, Stock Market Investment, Stock Market Investment Strategy, Stock Market Trading, Stock Trading

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author avatar scheng1
About me:

Scheng1 is a passionate blogger from Singapore. Rich in every sense reveals my deep desire in enjoying life, and be rich in every possible ways. [link=http://howhealthyisyourpersonalfina...(more)

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Comments

author avatar emmy19
29th Jun 2010 (#)

Nice write. I am impressed from this
Follow me dear friend too

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author avatar Tweet Every Trade
20th Dec 2011 (#)

Good intro. One new idea is publishing trades to Twitter via http://www.tweeteverytrade.com

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author avatar Tweet Every Trade
20th Dec 2011 (#)

<a href="http://www.tweeteverytrade.com">Tweet Every Trade</a>

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