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Monday, January 11, 2010

Learn Day Trading > Stock Trading Basics - How to Trade Shares in the Stock Market

The price of financial instruments can vary gr...Image via Wikipedia
Learn Day Trading > Stock Trading Basics - How to Trade Shares in the Stock Market

Author: Hot Stock List

BY.-   http://www.MomentumStockPick.com     A beginner usually feels very attracted to the stock market while for example discovering a new stock that's being reported in CNBC or the news program and watching it rise steady fast and make new highs from $1 to $7 in just 2 months.   While learning about this successful news story he's saying to himself "Oh boy if I was one of those lucky guys who bought that cheap stock back when it was priced at $10 I easily would have tripled my money by now... That means my 10 grand would transformed in to a whooping 70 K! hassle free ... I would have been able to grab one of those big HUMMERs on the spot and probably pick up a nice Rolex by the way!"   The stock market news constantly reports of hot small cap stocks that are breaking out and making tremendous gains on the same day or doubling in price in just a few hours. Back in the bull market of the late 90's you could easily see a good number of hot stocks sprouting out every week.   Those years surely made it look like every body could easily take LONG SHOTS and make a shiny pile of gold every day in the stock market. But today's market is a different story. A totally different animal.   Some say that the stock market has gotten more realistic. Fantasy land is over and GAMBLING YOUR WAY TO RICHES is not an option anymore. You might get lucky a few times, but your constant loses can wipe you out sooner or later.   The fact that the bull market period has ended for now doesn't mean that you can't make a great deal of money in today's market. A lot folks from many walks of life keep making excellent profits on a daily basis, pocketing hundreds & thousands of dollars by trading penny stocks online.   Success in stock trading starts by applying a wiser and REALISTIC methodology for choosing hot penny stocks as well as for getting in and out of them with profits in mind.   You need to look at the stock market more realistically. You got to learn that you can benefit when stocks go up and also when they FALL down.   You got to WORK SMARTER and get more selective about the hot stock trading opportunities that you choose. You need to embrace the nature of day trading and be fully prepared to take advantage of stocks that are poised for a BIG RISE on the same day.   The bottom line is you have to PREPARE YOUR SELF to be successful, just like you would do it in other areas of your life in order to achieve success.

Article Source: http://www.articlesbase.com/investing-articles/learn-day-trading-stock-trading-basics-how-to-trade-shares-in-the-stock-market-846740.html

About the Author:
Momentum Stock Pick helps stock traders and investors take advantage of practical stock trading opportunities every day at  http://www.MomentumStockPick.com

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2 comments:

  1. Hi,

    Stock trading can resemble the closest thing to a get-poor-fast system when you don't implement a proven stock trade strategy. As an online stock trader your homework is all about learning and testing different online trading strategies that can help you take advantage of stocks and at the same time protect your profits. Thanks a lot...

    Day Trading Classes

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  2. We’re going to break down stock trading training for beginners so it doesn’t seem scary. One of the first things you need to do when you start out is to pick a good broker. A stock broker is going to be where you do all your business. Picking one that has large commissions and fees can be detrimental to a beginner.

    An important second step is going to be learning how to read a stock chart. The stock chart holds all of the clues to which direction the stock is going to move. Watch our ThinkOrSwim video on charts setup.

    Another great resource for learning to read a chart is stockcharts.com. They have a chart school for any questions that you might have. Charts can look like Greek when you’re starting out. The more you look at a chart, the more you’ll understand it and be able to predict trends.

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