Fully Stocked

Metatrader 4 Overview

2011-08-31T00:24:00.000-07:00

by Cory Russum

For everyone who is currently trading on the stock market, you know how important it is to have up to the mili-second information regarding your investments. Whether you trade currencies on the Forex Market or Futures, Metatrader 4 is designed to intuitively assess trends and price dynamics. For novice traders who don’t have the experiential knowledge base of the experts, Metatrader 4 levels the playing field by allowing you to create automated trading programs. These programs non-ceasingly analyze real time data and make profitable transactions on your behalf.

Having such a tool at your disposal will expedite the learning curve of the less experienced trader. For the expert trader Metatrader 4 will be an invaluable compliment to your portfolio because it will be one of the best investments you will ever make. This software allows you to create virtual thinking versions of yourselves called “Expert Advisors“. You can cater these (automated trading programs) to respond to data and make transactions as if it were actually you doing the research and making the decision to buy or sell.

If I were to poll the population as a whole, and ask what would make their lives more fulfilling, I can guarantee that right after financial freedom the answer would be leisure time. Metatrader 4 will facilitate a dramatic increase in both areas. By Metatrader 4 arguably being the most popular trading platform in the world, you would logically deduce that the asking price for the software would be inflated. Not so! The Sam Cooke song titled, “The Best Things In Life Are Free” holds truer than ever in this instance. You can download the Metatrader 4 trading platform directly from the site free of charge! How’s that for credibility.

Get Daily Market Insights From Adam Hewison

2011-06-14T13:36:00.000-07:00

If you're looking for unique daily insight into current markets and seminars from market legends, then I recommend checking out videos from INO.com president and MarketClub co-founder, Adam Hewison. He just finished his 1 p.m. Market Update for Tuesday the 14th of June. To see the full video just visit INO TV, it's FREE. Click here for instant access.

Here's a brief of what’s happening now in the major markets:

- SP 500: -60. This market remains in a broad trading range with resistance coming in beginning at 1296 and 1305 and finally 1315 which represents a 62% Fibonacci retracement. Major downside support is at 1250.

- Silver:-60. Currently this market is oversold however it is in the state of flux with no clear trend. We would use the Don Chin channels and the fact that this market is oversold and expect to see a bounce from current levels. Major Support at $34.00.

- Gold: +55. Gold is currently oversold and we would cool for cool he is is a are slow to reduce this prison abuse or her will way expect to see some further either sideways action or a move to improve levels. The Donchian channel comes in at 1503. Major support at $1,500.

- Crude Oil: -60 Trading range. Long term indicator remains positive. Support coming into this market at $96 a barrel market is currently oversold. Choppy market.

- Dollar Index: -85. The longer term and mid term Trade Triangles remain in a negative position. Resistance now at 75.00 and 76.50. Minor support at 73.50 Major support at 73.00.

- Thomson Reuters/Jefferies CRB Commodity Index: +55. Near-term resistance at 350.00. Minor support at 340. Major support at 335.00. Trading range.

Making Sense Out of Cents: 4 Easy Tips for Penny Stock Investing

2011-05-11T12:26:00.000-07:00

The allure of penny stock picks is their cheapness per share – less than a dollar. This can be a terrific way for starter investors to begin without much capital, and perhaps more importantly allow people to learn the ways of the stock market without losing a fortune. But the inexpensive and easy investing strategy has its pitfalls like any other method of making money that is as competitive as it is advantageous. Making sure you remain the predator and avoid being the prey will not only guarantee minimal losses and increase the chance of gains, but also embolden further efforts on your part to make serious moves in the investment world.

1. Diversify: That's the Point
This is a rule as true with millions as it is with pennies. Don't commit the number one foul of amateur investing by buying up thousands of dollars worth of penny stocks in one enterprise. The cheapness of the penny stock market encourages spreading your capital around. Don't count on becoming the next Warren Buffet by putting all your available capital in a struggling start-up based on good will. If your investment fails, you'll have little left to motivate further investment action.

2. Expect Storms. Take Calm Seas as Time to Prepare for Storms!
If the last several years have proven anything, it's that instability is the default setting for investment opportunities. This is ever more the case for the wily nature of inexpensive investments, which are typically cheaper because the fates involved are as unknown as they are unpredictable. Don't go into penny stocks with any expectation other than for a struggle. It's not that there aren't rewards in penny stocks, they're just harder to fight for.

3. Hearsay is Nothing
There is little value in amateur analysis of penny stocks. Don't ever base your decisions on what other penny stock investors are buzzing about. Oftentimes this is in fact part of intentional over inflation of value on the part of those offering the stocks. Many of these enterprises put out false press releases and other expressions of hype with the intention of these things making their way onto forums and other Internet posts. Fact checked thoroughly any tips you find (including these)

4. Stay on Regulated Playing Fields
This is obvious but since penny stock investors are typically greenhorns it's worth mentioning that only exchanges that are regulated by the Securities and Exchange Commission should be utilized for your ventures if you're using American currency. Options off these exchanges run the risk of being highly manipulated.

Penny stocks are a great way to learn the ropes and potentially make a few bucks on the way. Just watch out for those whose investment is often in the gullibility and inexperience of others.

Investing in Payday Lenders?

2011-02-15T21:18:00.000-08:00

I came across an article on The Motley Fool ("Payday Lending’s Not Dead Yet"), which made a case for investing in payday lenders. According to the article, all the recent financial reforms taking place with traditional lenders such as banks and credit card companies may drive more business to the payday loan industry. People who are tight on money but can’t get a traditional loan because of strict regulations may have no other choice than to take out a cash advance.

If you’re not familiar with payday loans, it is a type of short-term loan that does not require a credit check. In essence, a person pays off the loan on their next payday and the interest rates are generally pretty high. Most lenders simply require an ID, an active checking account, and proof of employment.

I personally would have never thought of investing in a payday lender, but after reading the article, I guess it could make for a sound investment. It’s a pretty big industry that continues to grow. Nowadays there many companies who are even offering online cash advances so people can apply for a loan from the privacy of their own home.

I haven’t done any research on exactly how to go about investing in the payday loan industry, but I’m assuming that as with most industries there are companies that accept private investors. Other companies are public, so you will have to go through a brokerage firm or mutual fund company.

As with any investment you make, it’s important to do your due diligence to ensure that you’re investing in a company that aligns with your personal values and goals.

Photo Credit: Andrew Bain

Best Mutual Fund Timing Strategy For 2011 and Beyond

2011-02-02T18:00:00.000-08:00

by James Leitz

In 2011 you can own the best mutual fund in either the stock fund or bond fund department, but without a timing strategy you won't get the best results. Mutual fund investment strategy is a two part deal consisting of both fund selection and timing. The good news is that mutual fund timing is the easy part.

To keep things simple we'll talk about fund timing in terms of stock funds vs. bond funds in 2011 and beyond. These are the two basic fund types most people put money into for greater long-term returns. And most of the time either one or the other is the best mutual fund category in any given year. Most people own both for the balance this provides their overall portfolio, and you should too. Let's say you invest $10,000 in each in 2011. What kind of timing strategy should you employ over the years?

First, you don't need to find the best mutual fund in either category, and you probably never will. There are thousands to choose from and if you invest in a 401-k, IRA, or with a single fund company your list of choices will be limited. Hence, fund timing is important. Second, to my knowledge no one has ever mastered timing in any arena of investing with a complex formula. Third, most complicated timing strategies work sometimes but not over the long term - and funds are a long term investment.

That said, there is a simple, sensible and best mutual fund timing strategy that has worked over the long term and is likely to work beyond 2011. It's called BALANCE and REBALANCE. Here's how it works in our example of $10,000 in a stock fund and $10,000 in a bond fund. A year after you make your original investment we'll say that your stock fund is worth $12,000 and your bond fund is worth $8000. You broke even with a total portfolio value of $20,000, and if you are like most people you don't do a thing about it. What you should do: rebalance by taking $2000 from your stock fund and putting it into your bond fund.

That accomplishes two things. First, it puts you back on track with half in each fund. Second, it's an automatic system of fund timing that always has you buying more shares in a fund when the price (net asset value) is falling; while selling shares in the other when its price goes up. Market timing is all about buying low and selling high. With balance and rebalance you can do this consistently, over the long term. No second-guessing involved. It's an ongoing process that requires your attention just once a year, and it's your best mutual fund timing strategy because it works.

In 2011 many 401-k and other retirement plans offer a timing program that is automatically executed for you each year. It's a feature called "automatic rebalance". Just sign up for it and your plan does the rest. Even the best mutual fund will have good years and bad years. With the best mutual fund timing strategy you can roll with the punches and make the best of it year after year.

About the Author
James Leitz teaches investment basics, stocks, bonds, mutual funds and how to invest in his investing guide for beginners called INVEST INFORMED. Put Jim's 40 years of investing experience to work for you and get up to speed at http://www.investinformed.com. Learn how to invest.

Timeless Stock Market Wisdom

2010-08-29T16:14:00.000-07:00

Guest post by Gary Kerkow

There are traders in the stock market that almost always make money. With proper knowledge and principles, the stock market is a place where you can dramatically increase your wealth. In this article, I will share with you, some of what it takes, for great success in the stock market.

What ultimately will decide your overall success is knowledge, and how to interpret it marketwise. Let us start out with the most important rule in trading, which is keep your losses small, also known as, cutting your losses short. I can not emphasize enough, the importance of this rule. As an example, your strategy could be to always sell your stock if the price drops 10% from the buy point. I will usually sell a stock if it drops 5-7% from the buy point. If you implement this rule, and are right on about 50% of your stock picks, you will most likely make a lot of money.

It is important never to underestimate the importance of psychology, when it comes to trading or investing. Emotions such as fear, greed, and hope will cloud your judgement, making the ability for sound trading decisions, next to impossible. The very best traders can enter a market, or exit a market position with little or no emotion. They have the ability to think clearly throughout the entire stock market process. This is a huge factor, when it comes to overall results.

To achieve big success in the stock market, or any other trading venue, it is important not to follow the crowd in most instances. A key characteristic of a great trader is the ability to think in individual terms. Great traders and investors think, and then act, much differently than the average ones. That is how they make fortunes.

As an example, most people do the absolutely wrong thing at major turning points in the stock market. They tend to buy, at or near the top, and sell, at or near the bottom. A perfect example of this is early 2000. A lot of people bought a lot of stocks, just as the market was topping, and lost incredible amounts of money. The very best stock market operators knew the early warning signs, and were safely out of the stock market, with huge profits, well before the market really started to crash.

Learn from the true legendary traders and investors, such as Jesse Livermore, William J. O'Neil, Richard Dennis, and others. Read their books, study their strategies and methods. Implement what you learn into your own trading and investing. Your overall results will improve dramatically. You might even make a fortune.

Gary E Kerkow is the founder of Tradingmarkets4u.com. This site provides information to help traders and investors become successful. Kerkow has over 20 years of trading experience including stocks, futures and options. He implements the strategies, methods, and psychology of the world's best traders and investors. This includes Jesse Livermore, William J O'Neil and others. Visit his website at http://www.tradingmarkets4u.com

5 Tips For the Long Term Stock Market Investor

2010-02-09T06:02:00.000-08:00

This is a guest post by Marcus de Maria...

You have made up your mind to invest in the stock markets and you have probably decided that you are going to do it as a long term investor. That means that you are not generally interested in short term trades that mainly rely on stock prices and their trends. Still, you need to know that there are some general guidelines for all long term investors which might help you secure better returns and minimize possible risks or losses. Let me offer a few tips.

One, have a long term goal in mind. Having a long term goal will help you decide which approach is most suitable for you while also guiding your future decision making despite acting as the bench mark for success or failure. In the long run you stand to make more consistent and steady decisions should the market move or change and avoid unnecessary moves that might jeopardize your investment.

Two, since long term investment will most likely compel you to use the fundamental analysis as opposed to technical analysis when it comes to analyzing the stock market, you need to keep yourself knowledgeable on the company in whose stock you are investing. You need to go through its past history, current performance in their market and what vision and future plans the company has in mind. This should help you decide whether it stands to grow substantially because the growth of the company represents the growth of your investment.

Three, maintaining self discipline is very crucial if you are to meet your long term objectives. The need to persevere even as the market shifts is important if you are to achieve your long term goals. Remember that self motivation is what compelled you to invest in the stock markets and secure and rewarding investments will always require a good amount of self discipline.

Four, always keep a record of all your trade moves. While this might sound more important for the short term investor it is equally important for you as well. Keeping track of all your investment decisions and moves will help you analyze your successes and failures and will serve as a reference point for your future decisions. They offer valuable lessons for your investment decisions in future.

Finally, there are of course plenty more tips you could learn from fellow investors, market experts, online tutorials and journals as well. This will serve as my fifth tip. Any useful information that is beneficial to you as a long term investor is very important to you. So go ahead and invest. Learn and keep learning and keep your investment secure.

Trading - Bio

Using the strategies he now teaches, Marcus de Maria went from 100,000 GBP in debt to financial independence in just 5 years.

He taught friends and family and seeing the same fast and effective result, decided to teaching more people by setting up one of the leading wealth creation education companies in UK. For more trading tips visit http://www.wealth-workout.com/socialnet/sn_audio_index.html

Using the Super Bowl to Pick Stocks?

2010-02-06T10:23:00.000-08:00

Does the winner of the Super Bowl determine who wins in the stock market?

This is what Chuck Jaffe of MarketWatch talked about in his article, Stupid Investment of the Week. Jaffe says that using the Super Bowl to pick stocks is a loser's game.

I can understand how people can get caught up in theories and superstitions when it comes to investing in the stock market. People are always looking for "proven" ways to cash in. If Mr. Financial Expert says it works, he must be right. As Jaffe says:

Investors are always looking for patterns, even where none exist. There have been countless cases through investing history where experts throw out a theory and show numbers to prove that it works; average investors -- looking for a thesis they can follow and understand -- then buy in.

Relative to this is the idea that President Obama plays a role in the performance of the stock market.

Pure insanity. That's all I can say about it.

Why not just rely on your own intellectual reasoning to decide what stocks to pick? Is that so hard?

If You Want to Improve Your Financial Investments in 2010...

2010-01-11T12:42:00.000-08:00

It's been awhile since I've written a post, but I wanted to drop in and share a few things I've read at the latest Festival of Stocks that was posted today. If you've made a New Year resolution to start investing or improve on your investments, you may want to check out these articles...

Wisebread shares Learn to Invest in 2010: 4 Steps to Educating Yourself. I believe that educating yourself is the key to becoming more wise about where you put your money. Even if you have someone handling investments for you, it's important that you understand what they're doing.

Another post that caught my eye at the Festival of Stocks is Five Consumer Stocks for 2010. As I was reading this I was reminded of Warren Buffet's advice to invest in companies that provide products that consumers need no matter what the economy is doing. Johnson & Johnson and Proctor & Gamble are companies that manufacture health, beauty, and household care. People still need household products and lotion whether it's a recession or a good economy.

What investment goals have you made for 2010? Do you have any investing tips to share?

6 Basic Strategies For Successful Stock Market Investing

2009-10-26T17:07:00.000-07:00

This is a guest post from Jack Benson...

Stock trading is a volatile market with no precise way to continually experience ongoing profits. No investor can yield ongoing growth year after year, with every stock purchased because it is impossible statistically.

The stock market is unpredictable so there is no surefire way to ensure growth with all investments. Other conditions compound the difficulty faced by stock market investors including no consistent winning trend shown for stocks.

Major myths are circulated about the best way to do the stock market. The majority of people believe successful trading is merely the need for an investor to accurately predict the movements of the stock market. An incorrect assumption is made by many that stocks bounce around the range forever, thus they need to be able to predict trends in movement to purchase stocks during the lowest value and sell them at the highest peak possible.

The bottom line about this popular belief is it's simply wrong. The best way to realize a profit in the stock market is to steer clear of approaches that rely on making accurate stock market predictions.

When considered, consciously attempting to predict the stock market is a technique no better than purchasing a stock and holding on to it for a long time. The reason predictions are a poor technique is because there is no absolute way to predict stock market performance with complete accuracy for every investment.

A professional analyst might have the ability to predict a stock's performance in the near future but very rarely in the long term. An analyst may predict stock performance for the next quarter or even for the upcoming year. However, it is statistically impossible to predict stock movement accurately quarter after quarter.

The best way to do stock trading is to develop your own strategy by considering the following:

1. Remain abreast of the latest stock market reports and current news.

2. Make the effort to carefully evaluate the history of a stock's performance prior to making investments.

3. The best stocks to invest in show good dividend and growth.

4. Learn the structure of successful mutual funds and study them to see how they developed their investment strategy. Choose those particular funds to build your own personal mutual fund portfolio.

5. Evaluate the sector the company deals with.

6. Choose to put your money into stocks with a history of progressive gain.

These basic strategies will help you get started on developing your own strategy for stock market investing. There are no proven strategies and specific methods that consistently yield benefits for any investor, no matter how experienced. Strategies that are reliable today may wind up worthless tomorrow, proving the volatile nature of stocks. No guarantee exists when you invest in the stock market.

The best way to do the stock market is to carefully study several stocks and consider them as long term investments, rather than looking for a fast profit. These types of investments may take long to realize profits, but it is definitely more lucrative in the long run than putting all your eggs in one basket.

For more information on how to invest in the stock market -- including a growing collection of stock investing tips, strategy and advice -- visit: http://stockinvesting101.net

Photo Credit: kevinzhengli

Stock Market Going Up?

2009-08-03T23:11:00.000-07:00

In the following video, Mike of WallStreetWindow.com shares his thoughts about the current stock market. He tells us why the stock market is now going up...

What do you think? Do you think the stock market will continue to go up?

Here's an interesting blog post I came across with quite a few comments: Why Does the Stock Market Keep Going Up?

Investing in Tech Stocks: News and Resources

2009-07-13T20:39:00.000-07:00

For those of you who are technology geeks like me, you may be interested in this little news tidbit: Russian Firm Investing Another $100 Million in Facebook.

Oh, how nice it would be to have that kind of money to be able to invest in internet and tech-related companies!

If you're thinking about investing in hi-tech or internet companies, here are a few articles you may want to check out:

Tips and Advice For Beginning Day Traders

2009-06-28T19:01:00.000-07:00

I'm not sure if there are still people out there aspiring to be full-time day traders, but for those of you who still have faith in the stock market, you may be interested in reading this guest post posted at Bargaineering written by Matt of Steadfast Finances: "A Typical Day in Life as an Independent Trader".

As I've said before, I'm one of those long-term investors, however, I'm very fascinated with day-trading and the potential to make a great deal of money quickly. That's been my perception of daytrading anyways.

What I do realize is that day-trading takes a great deal of patience. It also requires a high-level of risk. In essence, if you're a good gambler, you can probably be a good trader. At least, that's what I think.

Dave Manuel offers some sound advice on becoming a day trader that I think is worth reading.

In this video clip, Mark Griffith, a futures and options floor trader at LIFFE (London International Financial Futures Exchange), offers tips on how to become a day trader...

Related Post:
The Dark Side of Day Trading Stocks

Stock Market Investing Tip of the Day

2009-06-15T22:23:00.000-07:00

Searching for stock market investing tips on Twitter today, I came across a tip I'd like to share. Brian Ramaker (@BRamaker) says:

I completely agree with the timing issue. The best time to invest is whatever time you think is right for you.

In a past post, How to Be a Smart Investor, I offer my own tips for stock market investing.

Have any tips to share?

Investing in Summer Entertainment

2009-06-06T22:57:00.000-07:00

I've been reading different articles stating that with the economy the way it is, people are spending less on travel and spending more money on movie entertainment.

The summer blockbusters are starting up this month and business analysts are expecting a decent turn-out at the box offices. Star Trek has been a huge hit and I, like many people, are looking forward to the G.I. Joe and Transformers movies.

In this article over at BusinessWeek, Jeffrey Logsdon, an analyst at BMO Capital Markets (BMO), states that the summer's box office could be flat to as much as 5% higher than last year's record-breaking figures.

Regardless of whether or not people will be traveling less and watching more movies this summer, I think it's still worth taking a look at companies like Walt Disney (DIS) as a short-term trade. Although the company has taken a dip in the past year, my gut is saying that the stock price will climb this summer. Although people will be traveling less, theme parks will still be busy.

I'd love to hear your thoughts or experiences about investing in the entertainment industry. Which sector of the industry do you think would be best? Movies? Theme Parks? Online media?

Article of interest: Investing in the Fragmented Entertainment Industry: Is Safe Better Than Sexy?

Update on the Gold Market

2009-05-26T22:18:00.000-07:00

Adam Hewison, President of INO.com, recently created a video with commentary about the current state of the gold market.

Click here to watch the video...

A couple of interesting notes about the information presented in the video:

Gold could continue to trend up because the dollar index is down
The price of gold has more than doubled in the past five years

So, now you're thinking that you don't want to pass up on this opportunity to make some money by investing in gold. Exactly how do you start investing in the gold market?

According to Investopedia, generally speaking, there are three ways that investors can invest in gold:

Purchase gold in its physical form via gold coins or buillon
Purchase an ETF (Exchange Traded Funds) that replicates the price of gold
Trade futures and options in the commodities market

I think that, like the real estate market, the gold market's bubble will burst sooner or later. It's hard to predict when that will happen, but in the meantime...why not make a few extra bucks investing in gold?

Here's an interesting article that elaborates on that thought: Investors are turning to gold but should you believe the hype?

Photo Credit: Giorgio Monteforti

Good Reads From the Festival of Stocks

2009-05-08T22:21:00.000-07:00

The latest edition of the Festival of Stocks has been posted over at Old School Value, and a few headlines caught my eye...

George over at Fat Pitch Financials did an excellent job of providing links, commentary, Twitter streams, and schedules of the 2009 Berkshire Hathaway meeting.

Investing School points out Investor Mistakes - Constant Refresh.

The author of My Wealth Builder says that the stock market is due for a correction. What do you think?

Photo Credit: freeparking

Investing Basics: Mutual Funds

2009-04-29T18:44:00.000-07:00

If you're the type of investor who is into long-term investing and prefer a diverse portfolio, a mutual fund is a type of investment to look into.

A mutual fund is a company that gathers funds from many investors and invests the money in the stock market, bonds, money-market instruments, and other securities or assets. All of these holdings that the mutual fund owns is known as its portfolio. Each share represents an investor's proportionate ownership of the fund's holdings and the income those holdings generate.

Advantages and Disadvantages of Mutual Funds

MoneyInstructor.com does a pretty good job of listing the advantages and disadvantages of investing in mutual funds...Financial expert Rick Goldfeller also offers advice on investing in mutual funds...

I like the idea that when you invest in a mutual fund, you're not putting all of your money in one nest egg. Money gets spread out to various investment vehicles, thus minimizing the risk.

Investor Beware

Keep in mind that when you do invest in a mutual fund, you are giving your money to a money manager. As I've said time and time again, make sure to do your homework. Make that company earn your trust!

In the video below, the question is answered: Are mutual funds risky?

Will The Stock Market Go Back Down?

2009-04-09T15:52:00.000-07:00

Earlier this week Time published an interview with Mary Ann Bartels, stock market technical analyst at Bank of America/Merrill Lynch regarding the current state of the stock market and gets her opinion on whether or not the stock market will go back down.

I've always thought of the stock market as unpredictable. What analysts say is pure speculation.

Mike over at The Oblivious Investor tells us why the stock market is unpredictable:

Of course, stock prices do change over time. In fact, they’re constantly changing. Why? Because people’s expectations for the underlying companies are in a permanent state of fluctuation. New information comes to light on a daily basis that either improves or worsens the outlook for the companies in which we’re investing.

What are your thoughts?

Trading Stock Options 101

2009-04-01T18:31:00.000-07:00

As I continue research on day trading, I'm learning that there are many different ways to do it. OEXOptions.com is a resource that I've been spending some time on...educating myself about the OEX, stock options, and the various options trading strategies..

For those of you who don't know, the OEX is the Standard & Poor's 100 - a stock index on the Chicago Board Options Exchange.

Options are contracts giving the purchaser the right to buy or sell a security, such as stocks, at a fixed price within a specific period of time. Stock options are traded on a number of exchanges, including:

* American Stock Exchange
* Boston Stock Exchange
* Chicago Board Options Exchange
* International Securities Exchange
* Pacific Exchange
* Philadelphia Stock Exchange

A major difference between trading stocks versus trading options is that stocks give you a small piece of ownership in the company, while options are just contracts that give you the right to buy or sell the stock at a specific price by a specific date.

Floyd, one of the lead traders at OEX Options, explains why index options are like fruit...

You can learn more about how to trade options by visiting the OEX Options website at: www.oexoptions.com.

The Dark Side of Day Trading Stocks

2009-03-30T00:29:00.000-07:00

Day trading is an area of stock investing that I've been a little bit fascinated with because of the possibility to make a great deal of money in a short amount of time...That is, if you start off with a boat-load of money.

I knew a woman who participated in day trading and she told me that yes, there were days that she made tens of thousands of dollars, however, there were days that she lost thousands of dollars.

In this video we get a stock tip that making alot of money through day trading is not possible...What do you think?

A few years ago "Trader Mike" shared his thoughts on day trading where he outlined his personal strategy and offered resources that helped him transition into day trading. Another blog I came across that contains some useful tips on day trading is Traderfeed.

My personal take on day trading is that in essence, it's like gambling. Sure, there is sophisticated software available to help you out, but the bottom line is that there are still no guarantees. Granted, there aren't any guarantees in any type of investment. However, day trading for me just seems very stressful. Not to mention the possibility of becoming addicted to it - as Peter Millman discusses in this video...

Motivational Money Quote

2009-03-25T11:09:00.000-07:00

"In all realms of life it takes courage to stretch your limits, express your power, and fulfill your potential... it's no different in the financial realm." --Suze Orman

What are you doing today to fulfill your potential as an investor? What have you learned from the past and what can you do to make sure you don't make the same mistakes?

Invest In Yourself: Get Debt Advice

2009-03-17T20:37:00.000-07:00

If there's one thing we can learn from the current economic state of affairs, it's that we all could use a little help with managing our debt. Many people have built their lives on debt and it has become an acceptable way of life for them. However, they got in over their heads in debt and now the debt has spiraled out of control.

Some people were naive to the idea of adjustable rate mortgages and now have house payments that have doubled. Then there are other people who felt the need to keep up with the Jones' and simply just started living way beyond their means.

If this sounds like you, here's my advice: Get help. Invest in yourself for once! For the sake of your mental health and your financial future, it's time to come up with a plan to get out of debt. Turn off the stock market news and start focusing on ways to turn your debt into wealth.

What are ways that you can increase your income?

How can you reduce your spending?

Are there psychological issues that caused the debt that need to be addressed?

I recommend moneysupermarket.com as a resource for debt advice. UK residents can compare debt management services and consultants. There is also a guide for dealing with debt problems and other articles to help you manage your debt. You can also find links to non-profit organizations that offer help and support.

Do you have any debt advice to share?

Photo Credit: borman818

"Brawl Street": Jon Stewart vs Jim Cramer

2009-03-15T15:59:00.000-07:00

As a regular viewer of The Daily Show with Jon Stewart, I often see him taking shots at Jim Cramer who hosts the show on CNBC's Mad Money. Last week Stewart finally interviewed Cramer and drilled him about all the "shenanigans" and falsehoods that Stewart created.

Watch the full episode with Jon Stewart and Jim Cramer below...(Email readers may have to click here to watch)

I do agree that CNBC has a duty to expose the truth when it's obvious that CEOs have come on a show or news broadcast and boldly lied to a reporter's face. I believe the media has played a huge part in why our economy is the way it is right now. Many people watch the financial news and take in what's said at face value.

As I've said before, education is key in investing. Stop relying on the financial news and stop relying on people who disguise themselves as financial advisers for your education. Period.

Related Posts: