Wednesday, March 22, 2006
Investing in Stocks Online
Not so long ago, before the Nasdaq bubble market burst in 2000, the stock market seemed as if it was in a never-ending upward trend. Stories about people who took advantage of stock opportunities were common. Many of these investors saved money by foregoing the traditional stockbroker and trading themselves. They learned about making money investing online.
While the not-so-distant run of irrational exuberance has ended, it has still been possible to make a profit in the stock market in recent years. If you are interested in making money investing online, you first need to take some time to learn about stocks. You can make money investing online by investing in online stocks and by using an online broker. Remember that only you will be responsible for your choices. Stocks go up and down, and sometimes even the pros make mistakes. If you are comfortable with your stock picking skills you are probably best off using an online broker instead of a real world broker. This will save you countless dollars in commissions. If you are good at picking stocks, you might find yourself making a lot more money doing it by yourself.
Choosing an online broker also requires research. You want a broker that offers good price and fast execution of your stock order. Beyond that, look at what the various online brokers offer and pick the one that best suits your needs.
Online tools that can help you with stock research include Wall Street Research, Morningstar, access to SEC filings, real time stock quotes, various newsletters, and sites with company research. Using these tools takes time, so it helps to initially follow the old advice of investing in businesses you know. If you enjoy this kind of research and like picking your own stocks, making money investing online is a good option for you.
Source http://www.pcworld.com/howto/article/0,aid,3835,00.asp
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