Do they exist? How do they work? What are their pros and cons?
2007-02-21 08:24:50 · 4 answers · asked by *Skazka* 2 in Business & Finance ➔ Investing
Some of the decent ones are groups like marketocracy.com where you are able to practice a given trading style while you work it with your own money as well. They let you see how you stack up against the community of pros and schmos.
2007-02-21 09:56:04 · answer #1 · answered by Charles C 2 · 0⤊ 0⤋
The best thing to do is your own home work. Set about 2 hours aday after market closes to look at picks for next day if you don't see anything you like then don't buy that day.And read Investing for dumbies and 24 essential lessons for investment success. both are great reads and take notes.
2007-02-21 09:35:38 · answer #2 · answered by franksprung 3 · 0⤊ 0⤋
They are a bunch of bologna. I tried to join one once when I was naive. I submitted a report about a stock. If the report got approved by the group you would be able to join and see other reports from other members. Needless to say, I didn't get into the group. However, the stock I recommended more than tripled from when I submitted it. You'll almost never ever get free stock advice in life. And if you do get some, do homework on the stock.
2007-02-21 08:31:34 · answer #3 · answered by sirtitan45 4 · 0⤊ 0⤋
They exist. do you really want your money decisions put to a vote? So easy to do it yourself know with all the etfs & the like. No value worth the annoyance. Should not be trading vs investing anyway
2007-02-21 09:29:55 · answer #4 · answered by vegas_iwish 5 · 0⤊ 0⤋