Online Stock Trading

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Yahoo Answer
 
online stock trading?  (Answers: 4)
 Investing
 hi,I would like to know how to purchase shares online. With westpac online stock trading, do i have to be working? Currently i'm an overseas student studying in Aus, would i be eligible to trade in the stock exchange market? If i am eligible, could you recommend some online trading company for a small timer?
 No you do not have to be working, you just need enough money to open a trading account. Look on the asx web site and they give a list of brokers.
Addicted to the stock market/online trading????  (Answers: 5)
 Investing
 I'm afraid a great friend of mine is addicted to the stock market and online stock trading. My friend sometimes risks his whole portfolio at times!! What can I do to help?? Books, programs, etc., besides gamblers annoymous...i'm already checking that out!!
 First, let me point out that there's a big difference between investing and trading. Traders make their profits by speculating on directional movement of price,
whereas investors make money by holding a valuable position for the long term. Neither one is a "wrong" strategy, but being a successful trader is much harder than
being a successful investor. I'm a series 55 licensed trader. I can tell you from personal experience that traders are usually a very obsessive breed. While I don't
trade professionally, I do trade in my own portfolio. My actual career is writing software that is used for settlement of futures contracts. I honestly spend a good
10-12 hours a day researching, learning, and listening to the opinions of other people. For me, it's not about greed and it's not about making money. It's about
winning. Let's face it: most successful self made people are more than a little obsessive regardless of how they made their fortune. If he's trading listed stocks,
rest assured that he's not taking on a huge amount of risk. He'll most likely go broke on commissions if he doesn't know what he's doing. However, if he's trading
OTC (pink sheets), options, or futures, he'd probably be broke already if didn't have a moderately successful strategy. If you want a true measure of whether or not
he's in trouble, ask him to break down the probability of success and likely return on investment for his trades. Any professional could do this without hesitation.
For what it's worth: Webster's defines "gamble" as "to bet on an uncertain outcome."
what is the best way to do online stock trading for a first time starter who has no knowledge of trading?  (Answers: 3)
 Investing
 I am completely new starter thinking to do online trading of stocks. But due to so many misleading informations and I am just confused which one to rely on. I think this place is where people share their own experiences.
 The first thing you must do before you begin to invest in stocks is to define your long term and short term goals. You will need to determine why do you want to
invest in stocks and not put your money into other investmnet vehicles. Once you have determined these factors, you must determine how much time and effort you will
have to devote to your investing. There are different strategies and styles that suit different people. What works for one perston may not suit another. Some of the
information you will run across on the Internet will be good and some of it will be worthless. It is up to you to develop your own investment style and objectives.
Then go out and find stocks that fit your defined creiteria. Just starting out you should read all of the information that you can about investing in stocks. There
are web sites to teach the beginner how to invest in stocks. Yow will need to learn how to pick your own stocks and not rely on the advice of others. If you rely on
another person's advice you will surely lose money in the long run.So the bottom line is to become as knowledeable as possible about stock investing. Define your
investment goals and develop a plan. Then just stick to your plan.
 
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