| How would you like to get up when you want, do | | | | a cheap broker. |
| what you want while working your own hours | | | | 2. Keep Losses To a Minimum - Since 8 out of 10 |
| anywhere in the world? | | | | picks will more than likely lose money it is important |
| Trading stocks gives you the opportunity to live a | | | | to limit the losses. The other 2 out of 10 will make |
| fantastic life while never working for anyone else. | | | | you wealthy and thats how you make your money. |
| There is no secret formula to becoming successful in | | | | When you buy a stock you should also place a stop |
| stock trading other than picking the right | | | | loss order afterwords for 10-20% lower than your |
| stockbroker, using a few methods to protect your | | | | purchase price. If your stock begins to drop your |
| money, and getting proper stock picks. | | | | stop loss order will automatically sell your stock |
| You do not need a degree in finance or special skills | | | | before it becomes a significant loss. A stop loss order |
| or knowledge. If you follow a few simple but crucial | | | | is a preset order that you put in to prevent large |
| steps you will become successful at stock trading. | | | | losses. |
| 1. Use a Cheap Discount Broker - Many investors | | | | 3. Get Expert Penny Stock Picks - When investing in |
| have no idea that trading fees have dropped | | | | small stocks it is extremely important to get the best |
| significantly in the last 5 years and are paying way to | | | | advice you can afford. A membership site where you |
| much. Todays discount brokers are cheap, in fact I | | | | get daily small stock picks is essential until you build |
| have no idea how they can make any money from | | | | up your knowledge and experience which usually |
| the fees. As long as you pay no more than $5/trade | | | | takes between 6-12 months. |
| you are getting a good deal. Sogotrade ($3/trade, | | | | In conclusion, trading stocks for a living is not rocket |
| $500 min. deposit) and Tradeking ($4.95/trade, $0 | | | | science. If you follow these simple yet crucial rules it |
| min. deposit) are both good discount brokers and | | | | will be just a matter of time until you become |
| have good research tools. Trading fees will by far be | | | | wealthy. |
| your largest trading expense so make sure you pick | | | | |