Online Trading : Three Ways To Make More Money Online
Published Sunday, October 12, 2008 by bloggerblognet22596 | E-mail this post
Many people today are rushing to get started in the investment game by opening online trading accounts with the largest brokers in the USA today. However, many people are also losing money each day due to either a lack of trading knowledge or merely having the gambling mindset when doing online trading.
This article highlights there essential strategies that you need to know in order to make more money from online trading.
1. Understand market trends
Regardless of whether you are trading commodities, forex or stocks online, you need to have a basic understanding of market trends. Financial analysts generally categorize this knowledge as fundamental analysis which deals with general factors and trends concerning the instrument and technical analysis which is an indicator of market psychology. Regardless of whatever your inclinations are, spending some time reading about these two contrasting theories will help you understand what direction the market is moving and to make money from online trading.
2. Set stop losses
One advantage of most internet trading platforms is that you can set stop losses on any trade that you do so once the share price drops below a certain level, the trading system will sell your stock for you. There are two kinds of stop losses normally and they are the trailing stop loss and the fixed stop loss. The trailing stop loss is the one that you should pay special attention to. Always focus on protecting your downside and your upside profits will be protected. Stop losses are therefore essential if you want to ensure that your profits are locked in. Remember that for stop losses to work real well, you need liquidity in that instrument as even if you have a stop loss and the market is not liquid, you would not be able to exit fast enough to avoid a loss. Making money with Online trading in this respect is the ability to cover your downside potential so as to retain your earnings.
3. Devise fast and effective online trading strategies
Most people today doing online trading are not day traders with huge amounts of time daily, nor people with huge amounts of money so they are hard pressed for time and yes they have to work unlike some people. Therefore the key to success in online trading is to either devise fast and successful trading strategies or spend time reading or attending a course. You want a trading strategy that works time and time again and that takes little time to evaluate and execute. Imagine the irony today, people are paralysed with information overload and remain unable to trade quickly and efficiently daily without spending either lots of time or losing lots of money.
Spend some time today working on learning all you can to succeed with online trading and you will start making money online with your trading platform.
Copyright 2006 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)
Joel Teo writes on various financial topics relating to Ahwatukee Real Estate Investment. Signup for his free online Real Estate Investing newsletter today and gain access to the Six Day Real Estate Investment Profits Course now at http://www.realestateinvestment101.info/Ahwatukee.html
ChantixBlogger BlogNet52438: Online Trading : Three Ways To Make More Money Online
Previous posts
- Easy Payments From the Oregon Car Insurance Quote
- Automatic Money Making System
- How Do You Make Money Online With Affiliate Programs?
- Make Money With Google AdSense
- 6 Simple ID Theft Prevention Measures
- What Is Landlord Insurance?
- Stop Selling Insurance!
- How Does Firepow Blogging Software Work?
- Making Money Online Fast With Info Products
- Would you like to learn how to Tattoo?
Archives
- Mar 16, 2008
- Mar 18, 2008
- Jul 21, 2008
- Jul 26, 2008
- Jul 29, 2008
- Jul 31, 2008
- Aug 1, 2008
- Aug 2, 2008
- Aug 3, 2008
- Aug 4, 2008
- Aug 5, 2008
- Aug 6, 2008
- Aug 7, 2008
- Aug 8, 2008
- Aug 11, 2008
- Aug 13, 2008
- Aug 14, 2008
- Aug 15, 2008
- Aug 16, 2008
- Aug 17, 2008
- Aug 18, 2008
- Aug 19, 2008
- Aug 20, 2008
- Aug 21, 2008
- Aug 22, 2008
- Aug 23, 2008
- Aug 24, 2008
- Aug 25, 2008
- Aug 26, 2008
- Aug 27, 2008
- Aug 28, 2008
- Aug 29, 2008
- Sep 2, 2008
- Sep 3, 2008
- Sep 4, 2008
- Sep 5, 2008
- Sep 6, 2008
- Sep 7, 2008
- Sep 8, 2008
- Sep 14, 2008
- Sep 15, 2008
- Sep 16, 2008
- Sep 17, 2008
- Sep 20, 2008
- Sep 24, 2008
- Sep 29, 2008
- Sep 30, 2008
- Oct 1, 2008
- Oct 2, 2008
- Oct 6, 2008
- Oct 7, 2008
- Oct 8, 2008
- Oct 9, 2008
- Oct 11, 2008
- Oct 12, 2008
- Oct 13, 2008
- Oct 15, 2008
- Oct 16, 2008
- Oct 19, 2008
- Oct 21, 2008
- Oct 22, 2008
- Oct 27, 2008
- Oct 28, 2008
- Oct 29, 2008
- Oct 30, 2008
- Oct 31, 2008
- Nov 3, 2008
- Nov 4, 2008
- Nov 5, 2008
- Nov 7, 2008
- Nov 8, 2008
- Nov 9, 2008
- Nov 10, 2008
- Nov 11, 2008
- Nov 12, 2008
- Nov 13, 2008
- Nov 14, 2008
- Nov 16, 2008
- Nov 17, 2008
- Nov 18, 2008
- Nov 20, 2008
- Nov 21, 2008
- Nov 22, 2008
- Nov 26, 2008
- Nov 27, 2008
- Nov 28, 2008
- Nov 29, 2008
- Nov 30, 2008
- Dec 1, 2008
- Dec 2, 2008
- Dec 3, 2008
- Dec 4, 2008
- Dec 5, 2008
- Dec 6, 2008
- Dec 7, 2008
- Dec 9, 2008
- Dec 15, 2008
- Dec 16, 2008
- Dec 18, 2008
0 Responses to “Online Trading : Three Ways To Make More Money Online”
Leave a Reply