September 2nd, 2009
There is no doubt that stock trading forums can provide some very useful information when you are learning to trade stocks. However, it is important to remember that whilst they can be useful, a lot of the content that is posted on these forums is posted by losing traders. So it’s very important to make sure you don’t take everything you read as correct.
One thing I have personally found useful with stock trading forums, you can see the mistakes other traders make and it can help you make the same ones.
When posting, always try to be helpful and give back to the community as well as taking.
Some of the best stock trading forums I have come across to date are:
Trade2Win Boards – This is a very active forum targeted at all kinds of trading, not just stocks. A lot of the members are from europe. This is a great forum for newbie traders.
EliteTrader Forums – Another busy forum. This is definitely one of best forums for intermediate and advanced traders to share ideas.
ForexFactory – This is a very busy forum. It’s primarily aimed at forex traders, but recently they added a section on stock trading that has become very popular.
OnlineTradersForum – This is a smaller forum that has a nice community feel. It is primarily aimed at the stock trader.
Zecco Trader Forum – This is the zecco broker forum. A nice community, but as you’d expect, it does have a bias towards trading with zecco.
Posted in General Investing | No Comments »
August 17th, 2009
This is a good question and there are currently many pieces of data that make me think that we may be coming to the end of the recession.
In the last week we have seen Germany, France and Japan actually post GDP growth between April and June 2009. This has brought an end to the year-long recession for these nations.
I strongly suspect more countries will follow in the coming months. Read the rest of this entry »
Posted in Economic Thoughts | No Comments »
August 3rd, 2009
Did you know the worlds most successful investor Warren Buffet made his fortune through compounding his returns?
He has been one of the richest men in the world for many years. He has been number 1 on a few occasions too,.
He has averaged around 24% per year for over four decades. 24% per year compounded for 40 years would turn $1,000 into $5,455,000.
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Tags: compounding, investing, stocks, warren buffet
Posted in General Investing | No Comments »
August 2nd, 2009
You will have probably heard that in recent months, many of the major economies have resorted to printing money to try and tackle the global financial problems we have been having.
This undoubtedly presents a potential inflation risk. Some of the best ways to hedge against inflation include:
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Tags: inflation, investing, property, savings, stocks
Posted in Economic Thoughts | No Comments »
August 1st, 2009
The main reason is the lack of value for money. It is not uncommon for them to charge many many more times more than what a discount stock broker would charge.
The main reasons I feel they don’t offer value are:
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Tags: stock broker, stock trading, stocks
Posted in Economic Thoughts | No Comments »
August 1st, 2009
As I am sure you know you know crude oil prices have been all over the place recently. We had a high of $147 in July 2008 and a low of $33 in February 2009. At the time of writing this post the spot oil price is hovering around the $70 area.
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Tags: crude oil, oil, oil prices, stock market
Posted in Economic Thoughts | No Comments »
July 31st, 2009
My thinking is that NOW may be a great time to invest in the stock market. There is no doubt there has been an enormous amount of doom and gloom in the financial markets. We have had major high street banks needing to be bailed out by governments, we’ve had a dramatic cut in lending to businesses and individuals and we are currently in the biggest recession since the 1930s.
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Tags: investing, stock market, stocks
Posted in Economic Thoughts | No Comments »
July 16th, 2009
Posted in Uncategorized | No Comments »