Stock Trading Blog » General Investing http://www.learntotradestocks.org/blog Wed, 02 Sep 2009 13:28:50 +0000 http://wordpress.org/?v=2.8.1 en hourly 1 5 of the Best Stock Trading Forums http://www.learntotradestocks.org/blog/best-stock-trading-forums/ http://www.learntotradestocks.org/blog/best-stock-trading-forums/#comments Wed, 02 Sep 2009 13:28:37 +0000 Peter http://www.learntotradestocks.org/blog/?p=47 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.

]]> http://www.learntotradestocks.org/blog/best-stock-trading-forums/feed/ 0 Do you think like the richest man in the world? http://www.learntotradestocks.org/blog/richest-man-in-the-world/ http://www.learntotradestocks.org/blog/richest-man-in-the-world/#comments Mon, 03 Aug 2009 13:37:44 +0000 Peter http://www.learntotradestocks.org/blog/?p=31 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.

I know what your thinking. Maybe you cannot make 24% per year or maybe you don’t want to keep your money locked away for 40 years.

I know I don’t want to lock away money for 40 years, I mean let’s be honest, I could be dead by then!

Let’s say we only earn 15% per year. The table below shows how a $1,000 investment could grow:

Years Value
1000
1 1150
2 1322.5
3 1520.88
4 1749.01
5 2011.36
6 2313.06
7 2660.02
8 3059.02
9 3517.88
10 4045.56
11 4652.39
12 5350.25
13 6152.79
14 7075.71
15 8137.06
16 9357.62
17 10761.26
18 12375.45
19 14231.77
20 16366.54
21 18821.52
22 21644.75
23 24891.46
24 28625.18
25 32918.95
26 37856.8
27 43535.31
28 50065.61
29 57575.45
30 66211.77
31 76143.54
32 87565.07
33 100699.83
34 115804.8
35 133175.52
36 153151.85
37 176124.63
38 202543.32
39 232924.82
40 267863.55

As you can see, at just 15% per year, your investment value doubles in less than 5 years.

Compounding is a very important part of making money grow significantly over time.

15% per year is relatively easy to obtain for many good stock traders.

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