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| blah....Isn't there?Sadly, far too many first-time | | | | many articles and stock reports hosted on this |
| traders get sucked in by all the hyped up tips for | | | | site are also of a higher calibre. However BOTH |
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| you want to avoid falling into the same trap as so | | | | not do what the real professional traders do...'look |
| many before you, then this article on 'tips for | | | | for other, much lower priced stocks (such as raw |
| online stock trading' is written for you. Please read | | | | component manufacturers and / or suppliers to |
| on...Here are three tips for online stock trading | | | | the main company) which stand to benefit just as |
| that'll save you over US$1,500 a year!1) Find an | | | | greatly from the impending product launch. Make |
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| minimum deposit. If you're a beginner at online | | | | buy shares in the one/s that offer the greatest |
| stock trading, or you're on a tight budget, there's | | | | potential leverage to the upside.An example of |
| no need to set up a brokerage account with | | | | this could be finding a small but publicly listed |
| 'thousands of dollars' in starting capital.Personally, I | | | | manufacturer that supplies components to a |
| opened my first online stock trading account with | | | | gaming console giant like Nintendo. While Nintendo |
| just a hundred dollars! I decided that 'if I got it | | | | doesn't offer much leverage at almost US$180 |
| wrong a few times...too bad. It was my learning | | | | per share, the small peripheral supplier might be |
| curve and the downside risk was no more than | | | | trading for just a few pennies on the OTC or |
| the cost of a good night out!'I choose Sharebuilder | | | | NASDAQ. If the launch of Nintendo's 'Wii' later this |
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| SHARE AMOUNT when placing your order. For | | | | what you may have been led to believe, it really |
| example, I opted to invest US$100 in high | | | | is possible to begin and maintain an online stock |
| technology stock, Imation Corporation (Stock | | | | trading career without having to use up all your |
| Symbol = IMC). I paid $37 a share and ended up | | | | capital resources on unnecessary and / or highly |
| with 2.594 shares (i.e. $37 x 2.594 = $96 + $4 | | | | over-priced trading resources. Even though this |
| brokerage = $100). The stock climbed to over | | | | article only featured 'three' powerful tips for online |
| US$51 a share before easing back to the low | | | | stock trading, it won't take too much effort on |
| $40's. I took my profits at $49 a share and | | | | your part to unearth an entire library of them. |
| banked a 27% gain!2) DON'T PAY for online stock | | | | Good luck and good |
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