Learn The Stock Market And How to Trade

Everyone gets their inside information or hot tips from varying sources.  However, when it comes to finding the best stock market info your source definitely matters.  Here are 3 sources of stock market information with their pros, cons, and my general thoughts.  Hey if you didn’t want my general thoughts why are you reading my blog?

Stock Market Info Tips:

1. The Water Cooler Guy – When Fred from accounting tells you about his big score in stock xyz and wants everyone to follow what he’s going to do next in his stock market ventures you better listen, or should you?
   • Pros – The advice is free, if you’re both right you’ll be office heroes and you’ll get quality time with your boss giving his stock tips, and you don’t feel too obligated to follow one way or the other since it’s just Fred.
   • Cons – Office politics may make you feel pressured to follow along, Fred will likely only talk about his stock market wins, not his losses you get a skewed view of his choices.
   • Random Thoughts – If you want to invest in an office setting start a stock market investing club.  That way there is open discussion and time for facts not just boasting, with all the other benefits of the water cooler time.
2. Investment Newsletter/Publications – From the Wall Street Journal to 1000 a month newsletters which ones are worth it?
   • Pros - Investment newsletters can give you insight that is unique and timely, critical to a good investment plan.  Also, you can learn just by following the thought patterns of the authors.
   • Cons – Too cheap of ones everyone gets the same info, too expensive and the stock market info drains too much of your trading account for you to make any money off of the information.
   • Random Thoughts – Don’t spend more than 1% of your trading portfolio on stock market information of any kind.  I know this is limiting in the beginning, but it will stop you from becoming a stock market tool junkie.
3. The Internet – Forums, Blogs, and Search Engines – What else do you need?
   • Pros – Generally the price is right, even the exclusive forums aren’t usually more than $20 a month.  Often they have more expensive newsletters or other services tied to them, but you get to check those out on the sites before you buy. 
   • Cons – There is no good way to validate stock market info on the net since it’s not generally peer reviewed.  So you have to take any ideas with a grain of salt.
   • Random Thoughts – Use the Internet for learning how to think like a investor or trader.   Learn to make a trading plan, or how to calculated risk, but don’t just buy what others are buying, learn how to come to the conclusion on your own.

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1. Latest Stock Market Software Releases