Internet Crime Statistics indicate that over US $525 441 110 was lost In Online Scams in 2012 alone. The internet Crime Complaints Center also reported receiving up to 289 874 complaints in the same year.
Sometimes it sure feels like the “make money online” line is a broken record, doesn’t it? Almost every corner in the web there is some rogue marketer churning irritating ads and pop ups dangling spurious quick online money generating scams. Many internet users seeking to try for a genuine income strategy have thrown down the towel because of the overwhelming volume of scams which are glaringly out numbering genuine opportunities that people can really pursue to earn a genuine living from the great opportunities presented by the cyber world.
But here is positive news; there are gazillion ways of make money online. Mmmmh (:‘:) maybe that is pushing it, but let’s just modestly put it and say, there are still many genuine ways of making money and selling stocks is one of them.
Everyone gets delighted by the possibilities that the digital edge presents and quite frankly, who does not want to cash in on any and every lucrative industry that is thriving online? Despite the dark shadows cast by foregoing statistics on cybercrime, there are genuine online income strategies that are worth pursuing.
In this post we will explore how you can survive the scam scourge and get onto a rewarding career as you make money online selling stocks.
Developments in the internet landscape as well as in the stocks and money markets have opened up these markets beyond the closely guarded precincts of banking entities and financial firms that for a long time enjoyed the exclusive preserve of raking in profits conducting trade in these booming markets.
Anyone who is eligible to open a trading account and has good internet access and considerable risk capital can jump into the gravy train of online stock trading. So, what exactly should you do to make money online selling stocks?
How to Make Money Online Selling Stocks
In order to make money selling stocks you need to be involved in the business of trading stocks. This means going into the stock market. To do this you need the services of a licensed stock broker. Thanks to the very innovative internet age, your options are not limited to the physically located brokerages. The starting point of your drive must be gaining a good understanding of the how the buying and selling of stocks really works. Once you have grip on how this works you then need to get the service of a stock broker who will help you through the entire stock buying and selling process to help you achieve your goals.
Depending on your skills set, you risk capital and your preferences you can go for cheap order takers. Alternatively, you can opt for hands-on brokers who offer a full service. The latter is the perhaps the best approach for beginners since as a newbie in this business you need to leverage on the expertise of professional and experienced brokers. Brokers provide in-depth analyses as well as hands-on advice and guidance on which trade decisions are to be taken and executed. The other option is to go for online discount brokers or full service brokers. Some traders choose to go the full-service brokerage route. It all depends on your individual circumstances and what you prefer.
Making money from stocks is all about purchasing stocks strategically so that you can profit from selling the stocks when it is profitable to do so.
In order to avoid falling for various online scams, even in the stocks industry; you need to exercise due diligence in settling for a licensed stockbroker who can legally purchase securities on your behalf. Also, exploring stocks website reviews and visiting online trading forums will get you all the information you need before you finalize your choice of any stock broker.
So how can you know the best online stock trading site, take a look at this resource:
We present an overview and compilation of some of the top online stock trading sites.
Stock Market Day Trading: Winning Strategies and Mistakes to avoid
There is no gain saying the thrill that comes with the incredible possibilities opened up by innovative edge driving the global stocks and forex markets. Stock market day trading is one of the most preferred trading businesses for traders and investors that want to seek to gain profits in the short term. Stock market day trading is the business of buying and selling stocks profitably, within the same day. The greatest part of this kind of business is that if you do your due diligence and get your “maths” right you can make thousands of dollars in a short space of time. What that also means is that the business remains a high risk endeavor and you can as much lose huge amounts of money in a short space of time.
One of the salient challenges of stock market day trading is that there are hardly any signifanct changes in stock prices during the course of one day. This means that for a trader to make meaningful profit, they would need to put in large sums of money. This may spell good fortune in an ideal scenario but this also means heightened risk on the part of the trader.
Many stocks fluctuate within the range of 1-2 percent every day. What that means is that if you have put in $1000 as your risk capital into a stock that makes 1% profit, you have only gained $10.
Do your maths and see what happens with a risk capital of $50 000. You would gain $500 with that sum of investment in a matter of minutes or hours.
Here are some stock market day trading mistakes to avoid;
Relying Blindly on Trading Software
The day trading emporium claims many causalities each passing day. The main cause for this is that many traders rush into this business hoping to make an easy quick buck in the lure of automated day trading. One of the things you need to quickly understand as beginner trader is how much automated is automated trading.
Trading software cannot go beyond set algorithmic expression. You still need apply human brains and learn when to follow software generated cues and when to ignore them. Trading stocks successfully requires understanding the broader stock market fully and learning to factor in the influence of global news events that cannot be factored in through algorithmic expression of a day trading software.
Trading With Your Life Needs Money
You have heard the maxim, high risk, high returns; well this aptly describes the stock market day trading business.
Stock trading is high risk business and you do NOT want to put all your savings and survival capital into such high a risk. Limit your trading thrust to your risk capital. Risk capital is the amount of money you can afford to lose without suffering financial ruin. This will ensure that you do not collapse financially should you incur significant loses in your stock trading drive.
Day trading usually takes place in a margin account and this why dealers and brokers that are registered with NASD/NYSE stipulate that investors should keep $25 000 in equity in the account on the trading day. This figure is just the minimum required yet as a trader this will expand you trading capacity as you can trade many shares and many stocks with extended buying power.
Key to your trading strategy is to ensure you have the right set of tools, from the hardware (computer), to the stock market day trading software you are using. Also, learn to formulate a day trading strategy and then stick with it. Ultimately, success in the stock trading business requires both trading acumen and character.
Day Trading School: What can it do for a trader?
Day trading is arguably one of the most misunderstood sub domains of forex and stock trade. There is a perennial debate on how day trading works and whether this kind of trade is a feasible way of generating income or it is just a form of gambling. If day trading is gambling then what can you learn in a day trading school? Fact is that the truth about day trading lies somewhere between these two extremes. What can be stated for a fact is that some shrewd investors are making a good living out of day trading. Warren Buffet is one of them. Before we delve into the role of a day trading school and what it can do for you we need to define what day trading is.
By definition day trading is used to refer to the conduct of buying and selling of securities within a single trading day. The phenomenon can take place in any market place but the phrase is common terminology in the stock and forex market. Ideally, day traders are well educated and well resourced. This kind of trade taps high amounts of leverage as well as short term trading strategies aimed at capitalizing on small price movements taking place in highly liquid stocks and currencies. Two principal roles of day traders need to be understood. Day traders serve the role of keeping the market running efficiently through arbitrage while also providing the great proportion of the markets liquidity.
So what is a Day Trading School All About?
The media and rogue trading companies peddling scam forex and stock trade products are the main culprits for propagating false sentiments about day trading. When day trading is presented as a get-rich-quick scheme then there is a problem. Key to defining day trading is acknowledging that this form of trade involves significant risk. Some traders actually steer clear off this form of trade thanks to the overstated notion that the risk in this kind of trade far outweighs the returns. Day trading requires a deep grasp of how markets work as well as a coterie of strategies for yielding profit in short term.
Successful day trading requires a sound knowledge and experience in the forex or stock market. Without sound knowledge and experience the exercise becomes a form of gambling and the risk for lose can be very high. A day trader requires good risk capital. Once more, we refer to the principle of risk capital. This is the amount a trader can afford to lose. In day trading the traders must have high risk capital to take off. This is important for two reasons, high risk capital protects the trader from potential financial ruin, and secondly, it also protects the trader from making impulsive decisions in conducting trade.
Huge capital is also required to enable the day trader to capitalize on the intra-day market movements. In order to have an edge over the market, the trader needs a sound strategy. Several strategies come into the fray here and the most common are swing trade and arbitrage.
as well as trading news. Traders will refine these models until they yield the desired objective of earning profit. If you want to be an expert day trader you can take the day trading course and get day trading certification through Expert Rating. The course covers day trading terminology, trading methodologies, leveraging capital, entry and exit points, analysis techniques, legal regulations and short selling.
Day Trading Software: What it all about?
Like any other forex trading software, a day trading software is a computer program or software that traders can access and use to trade stocks online. The day trading software comprises three important components which are; charting , data and trade execution.
A trader needs to be fully equipped as well as informed on the various aspects and dynamics of the stock markets before any trade activity can be masterminded fruitfully. The data component of a day trading software entails prices of stocks, currencies or futures. For exchanges and stocks prices come from the exchange where these are traded. This one of the points where stocks and futures trading differ from forex since there is no central exchange in forex.
Exchanges avail the price data to aggregation companies who can then sell the price feeds to traders operating at either company or individual capacity. Price feeds are crucial for occasional traders and not for day traders. The charting component presents the trader with all the tools and instruments for technical analysis. Some day trading software are more sophisticated than others and these come with advanced features for creating more indicators as well setting out different day trading strategies.
With the data and charting available, the trader can then work with the data and the analyses tools available to arrive at mathematically sound day trading decisions. This is where the trade execution component of a day trading software comes in. Almost every day trading brokerage out there has a trading platform through which signed up traders can access all the three components. Some trading platforms are availed by third party service providers through Independent Software Vendors (ISV). One of the upsides of using third party trading software is that the trader has the privilege of trading with different brokers while using the same interface.
Advanced Day Trading Software
As a beginner in the day trading business, you may want to start off with a day trading course. There are many day trading schools online that give comprehensive education on day trading. Day trading certification is available at Expert Rating for traders that want to be professionals in this business. Trading software fall into different categories. There are some automated day trading platforms such as Ameritrade and Trade Station. These platforms bring advanced sets of features for data analyses and strategy formulation.
User Friendly Day Trading Software for Beginners
If you are new to day trading and you want to lay your hands on user friendly day trading software you can consider the following programs, Etrade and Kapitall. These programs are recommended for their user friendly trading experience. ETRADE has a well streamlined user interface optimized to enable the beginner trader to learn day trading techniques quickly. Kapitall is a game-based program also optimized for beginner day traders who want to get a quick grip of successful day trading. Take note that day trading is not a myth nor is it a mystery. You can indeed master trading fruitfully and a day trading course will help you get there faster.
If you want to explore a comprehensive top ten day trading software reviews you can visit the Top Ten Reviews day trading software reviews resource.
Day Trading Stock Market
Day trading is a phrase coined around the nature of this type of stock trading. In day trading stock market there is a lot of buying and selling of financial instruments within the same trading day, hence the “day trading” coinage. In day trading stock market, positions are closed before the markets shut down for the trading day. If a trader is an active participant in day trading, the trader is referred to as an active trader or day trader. Common financial instruments in day trading stock market are stocks, currencies as well as options. The day trading market also features futures contracts especially the equity index futures, commodity futures as well as interest rate futures.
In the past, day trading used to be a preserve of financial firms and banks as well as professional speculators. In the traditional day trading milieu this kind of trade comprised of investment firm employees serving as specialists in equity investment as well as fund management. The evolution of the financial landscapes in the past years fueled by rapid strides in information technology have opened up the day trading stock market to individual traders most of whom conduct this kind of trade from the comfort of their homes.
Day trading has its own dynamics and risks. Most of the day trading activity entails short term buying and selling wherein trades may last for just a few minutes. In this kind of trade, traders may buy and sell many times within a single day. Depending on the brokerage company a trader is working with, there may be discounts given by the broker. These are offered on the basis of trading volume.
The Varying Approaches to Day Trading
Day trading takes different approaches. Some day traders approach the market from a price momentum perspective while others approach the same from a technical patterns angle. Many traders are comfortable with settling for a limited number of strategies they can work with effectively and profitably. One of the most common day trading techniques is the intra-day trading strategy known as scalping.
The strategy involves the trader holding the position for very short terms which can be a matter of minutes or even seconds. The common feature in day trading is the exiting of positions before the close of the market as a way of warding off unmanageable risk. The risks are mainly characterized by overnight price movements as well as the negative gaps between the previous day close and the following day’s open bull rice. There are traders that feel they would want the profits to run hence it is acceptable in a day trading stock market to hold a position even after the market closes. Any trader willing to learn the ropes of day trading can rake in the benefits of this lucrative market. It always pays off to invest good time in mastering the concepts and principles of day trading before you plunge into the deep end. With a good grasp of the critical day trading concepts of liquidity and volatility, you can earn good income from this stock business. For more information on day trading we recommend this resource, Day Trading Strategies For Beginners