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I invest with sharebuilder now but was looking to jump to a more a successive platform that allows for trading real-time rather than every set period.

I have Indeed heard that the best way to invest is to actually diversify less.

2006-12-17 13:46:40 · 3 answers · asked by Anonymous in Business & Finance Investing

3 answers

Being less diversified can produce a better return if you know what you are doing. For instance concentrating in the right sector at the right time. But, how do you do that? You are talking about market timing. I have done it successfully for years. However, I had to lose to learn. I suggest that you start reading, and then plan on losing as you learn. Hopefully not too much. Do you know how to do good stock research? Do you know how to recognize trends in the market? Do you understand technical analysis? These are some basic skills you'll need. And you'll have to watch the market everyday. I want to suggest a book for you: How to make money in stocks by William O'neill. Also, you can check out my blog: gmoolah.blogspot.com. I just talked about trends in today's post. There are many other books you should check out. And finally you'll have to figure out what works best for you. This takes time. But to answer your first question:

You'll need another broker. Scottrade is good for learners because its cheap, but not comprehensive. As your skills develop you'll be looking at a lot of others. Good luck.

2006-12-17 13:55:59 · answer #1 · answered by Ryan W 2 · 0 0

I worked as a broker for 12 years....here is what I would do

put about 80% of all your money into good mutual funds. put 20% of your money into individual stocks. scottrade is a good place to trade stocks. trading stocks is very hard, but tons of fun, if you can become good at it, you can make unlimited amounts of money. takes at least 5 years to be any good at all at it. buy some good trading books and read them all the time. most people will tell you your crazy for trying to trade stocks, most people can't do it, but if you learn and you love it....you can do it.

2006-12-18 02:21:57 · answer #2 · answered by besthusbandever 4 · 0 0

the best trading software http://tradingsolution.info
i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.
if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

2014-12-18 13:43:01 · answer #3 · answered by Anonymous · 0 0

Dead wrong on less diversification being better. Can get lucky & guess right but will more than pay for that when guess wrong. Schwab.com fine platform. Invest - don't speculate.

2006-12-18 01:11:13 · answer #4 · answered by vegas_iwish 5 · 0 0

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