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Jason Bond To Help With Newbie Stock Traders
Learning how to start investing in the stock market is something many first time investors skip. They prefer to jump right into the market without a lot of knowledge or research. This is a recipe for disaster as any type of investing.
Without the advice and counsel of a broker, the first place many investors look for a hot stock pick is the internet. There are a number of websites dedicated to providing stock investors with the most up to date information and research about a company's finances, business plans, challenges and opportunities. These websites give users a daily update on these stock trends and usually provide a list of "hot" stocks and sure things. The best feature of these websites is access to chat rooms and discussion forums.
In these chat rooms and discussion forums, investors can talk with and learn from other investors. Users are able to ask and answer questions about companies, stocks, and trends. Some sites encourage investors to post their portfolio, so users can see what stock pick these experts have followed through on and purchased (or sold). Of course, most stock analysts recommend investors pay strict attention to the position of a penny stock trader's advice. The stock market is sometimes subjected to investor fraud and scams, so investors should be advised to conduct some independent research.
Other financial sites, like Google Finance, Yahoo Finance, CNN Money, or CNBC are also good resources for penny stock picks. While still rebounding from a less than stellar reputation, these stocks are becoming more acceptable investment alternatives. These websites are devoting time and space to articles about these stock investment and offering occasional penny stock picks. If you find an analyst who seems to echo your own thoughts and feelings, or seems to have a particular hot hand, you can set up email alerts so you know when he or she has made recommendations. Utilizing social media is another way to stay on top of and trends. You can fan, friend, or follow a number of experts for the most updated information.
If a company was once listed on one of the major exchanges, it is still required to file quarterly earnings reports with the Securities and Exchange Commission (SEC). These filings are good sources of objective and unbiased information. The official NASDQ website also provides some good basic information about these stocks and how to find reliable stock picks.
Finding trustworthy and profitable stock picks takes some time and research. Once you find a source you trust, be sure to consult it on a regular basis. Solid penny stock picks combine some common sense, industry expertise and knowledge, and an ability to identify y and analyze stock market and business trends.
Being a new investor can be a sometimes nerve wrecking experience. Some people feel because they have set aside an investment fund, they'll want to make winning trades from the outset, as they are afraid of losing money. Let's face it, losing trades is part of the game in investing and something your mind will have to accept if we are to succeed long term. I know you have probably seen those traders on the TV sitting in front of lots of screens with their charting software open, watching as they win or lose money on a daily basis. Well for one that is the wrong way to trade, sitting like a slave in front of lots of monitors all day, allowing the markets to affect your emotions leading to bad trading decisions.
Even if you have been in the investing game for any length of time, you may still be a new investor. That is, you may not have grasped what price - earnings ratios or dividend yields are all about, or maybe you have never involved past market cycles before. Yes there is quite a bit to learn on investing, and most people enter this game without being informed. They'll make a trade based on news or a recommendation from a friend or based on a whim. And of course more than often lose that trade.
A lot of the time, when a financial market achieves a new high investors begin to get excited. Yes some of the time when a market achieves a new high, it can go higher and a trend will develop. This is not always the case as sometimes the price will fall after a new high. Market behavior can be unpredictable. It is best to push your emotions to one side and let the price do the talking. Wait it out a few days and see which way the market goes.
Many a newbie investor will think that investing when the price is at an all time low is a good idea. It is optimistic to think that the price will always rise when it has reached a new low. As with new highs, new lows can get even lower so this strategy of buying when the price is low is not always a good idea. Yes a bargain will always be around, but only through analysis will you spot them.
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To succeed long term you must keep an eye out for changes from downwards trends to upwards trends. This can be dome using technical analysis and charting software. Yes sometimes keeping an eye on the news can be a good idea, but more often than not following the news to make your trades will see you make more bad ones than good ones.