Is Online Stock Trading Right For You? Word Count: 1561 Summary: THE POWER OF INTERNET STOCKS The internet has opened up a world of possibilities from shopping to education to financial success delivered through a wire straight to our desktops and laptops. The internet revolution has empowered the small investor to educate themselves and to make financial gains in the arena of day trading and the internet stock exchange. The traditional hassle of finding a broker and reaching them directly via phone or even e-mail is rapidly becoming... Keywords: Article Body: THE POWER OF INTERNET STOCKS The internet has opened up a world of possibilities from shopping to education to financial success delivered through a wire straight to our desktops and laptops. The internet revolution has empowered the small investor to educate themselves and to make financial gains in the arena of day trading and the internet stock exchange. The traditional hassle of finding a broker and reaching them directly via phone or even e-mail is rapidly becoming obsolete. Online trading has advanced the average stock broker into a whole new realm. For some it’s a marvelous pandemonium that has freed them from obsolete tradition. For others, online stock trading is a scary sea of the unknown and an abyss of pitfalls. Fortunately, with a little education and a little research the average stock trader can decide whether online stocks are the right tools for success or if they are more comfortable sticking with traditional venues. Exploring that education is vital even if you are already involved in online stock trading. There is always room for improvement and always more profitable ventures. THE BENEFITS OF INTERNET STOCK TRADING We already know that the stock market is a volatile and unforgiving arena. Some people do very well in the stock market while others lose every penny they invest. What is the difference between these two types of investors? Some would say luck, and while luck does factor into the picture in its entirety, it is a very low percentage factor in stock investments. Online internet trading still allows an individual investor the ability to obtain a broker and receive consultation, although most report that the brokers who rely on internet clientele are not as customer service oriented as the traditional broker whose brick and mortar office is just a few miles away. Online brokers tend to give most of their time and attention to the large accounts while the smaller accounts often fall to the wayside. That does not mean they do not provide a valuable service. It simply means that the service provided is about what you can expect of most online only services. Successful online companies have a very large clientele and can afford to lose a few who they consider to be a little too needy. However, the online stock broker tends to have lower fees and commissions in return for their lack of availability. Traditional stock brokers have the ability to receive orders online but their commissions remain about the same as calling them on the phone and dealing with them in the traditional fashion. Internet stock trades tend to be faster and more reliable, but beware, not all of them are instant. There are some basic options when it comes to buying or selling stocks online. Your request can either be set to a price or set to shares. Depending on the firm you are utilizing, you may not receive the same price that you noticed on the stock ticker of too much time has gone by or the stock made a sudden increase or decrease. This not all that different from traditional stock brokers, however there is the notion that anything online is instantaneous. Most firms, whether online or tradition will explain these details when opening an account. There are a few however, that expect you to do your own research and offer very little in customer support. The simple adage to this basic issue is look before you leap. THE EDUCATED STOCK INVESTOR It does not matter how good the firm is, or how good you believe the online stock program you have discovered is believed to be, nothing substitutes a solid education in managing your stock investments. The educated stock investor always has the advantage over those who place their financial future into the hands of a broker. Some believe it is too complicated to educate themselves, that the facts, figures, trends, and charts are beyond the average person’s ability to understand. This is not true. Investing is something that few people have explained to them in a way that is simple, basic, and easily understandable. Math, Science, and English are basics of our education as children. Stock market investing is left as this looming adult topic that exceeds our knowledge base. The truth is that the basic key elements of stock trading are really quite simple and there are resources out there to help us understand the wealth of information we tend to find intimidating. One of the best resources out there on the internet today for the investor looking to educate him or her self about online stock trading is onlinetradingideas. The beauty of this website is the simple breakdown of information so that the new investor doesn’t have to go into information overload and become overwhelmed with all there is to learn. The articles are informative and cover key points of day trading with concise information in readable styles. The stock market is a fluid entity. It is filled with changes and differing strategies depending on the current trends. For awhile the stock market seemed like an infinite gold mine. The trading days of the late nineties and the early twenty first century were littered with booming stocks that seemed to consistently skyrocket off the charts. Those days are gone for now, but may return. The same strategy one may have used then is not going to work in today’s stock market. Making sense of the stock market news briefs, media tickers, and hot tips takes more than just the basic eye for low figures and basic gains. Again, that is where the educated investor can develop a strong plan and a concrete investing strategy that can help him surf through the more volatile days of the stock market. Even the best of internet stock traders can lose money in the online stock market. It is always best to exercise caution when beginning your trading career. Whether you are just looking to make a little extra money for retirement, college tuition, or are looking to earn a living from internet stock trades, there is an element of risk involved. Stock trading is the equivalent of highly educated gambling. Anything can happen and there are simply no guarantees. SUCCESSFUL INTERNET STOCK TRADING Even with the volatile markets and the risks involved, success is till possible. The best way to approach the online stock trading arena is to develop a strategic plan based in realistic expectations and grounded in the basics. Be selective, especially in the beginning. Just because a stock looks good at the onset doesn’t mean you need to go throwing all of your assets into it. Many stocks look good at first glance. Being selective means approaching your investments with a bit of skepticism and realism. One of the best ways to be successful is to listen to those who are already successful. Again, one of the best resources for all in one place information is the remarkably informative website onlinetradingideas. With quick tips and in depth advice and intelligent commentary, this web site has something for everyone, and every investor comfort level. It’s a great place to go if you’re considering using an online discount broker or figuring out if one of the top sites is better for you. Online brokers vary, and some who claim themselves discount also claim to service the small investor better. But beware, a simple course in one of the many online trading academies does not make anyone a professional. Of course it’s good to be educated but there is still a difference between the professional broker and the good enough amateur. Online investing, or any investing for that matter, is difficult enough. It’s truly not worth the few bucks saved in measly commissions to deal with anyone less than a professional. Anyone promising ridiculously high returns in short periods of time is not a professional, at least not a professional online stock broker. Be sure you know the sea you’re swimming in. UNDERSTAND THE STOCK OPTIONS It’s an exciting venture, to be able to log on to any computer anywhere in the world and follow your money twenty four hours per day, seven days per week. Before you set your sights on the stars, however, make sure you really understand you options. Take the time to really look into what professional experts and successful investors are talking about to give yourself a fair chance. Online investing is difficult enough without having to deal with a sea of sharks out there, and they are out there. Carefully read through the articles and information posted on onlinetradingideas and evaluate the options available to you, your risk tolerance, and even whether online trading is right for you. Most people are truly finding benefits in the online trading revolution, but of course there will always be the few who insist on a broker that can return a voice mail and deal with them directly when the need arises. Don’t forget to have fun. This amazing technology wasn’t even available to most of our parents, and of course their parents wouldn’t have imagined it in their wildest dreams. The future is there for those who want to make the most of it. Take your time, get informed, and when you’re ready you will swim.