…(or even stock futures trading) follows the same principles as traditional offline trading as far as the basics are concerned. You are still buying or trading the same stock instruments from the exact same stock markets.
The difference with online stock trading is that you no longer call into your broker to place your trade or for information. Instead, you use your computer (with a fast internet connection) to log on, analyze the markets, view your existing stock portfolio, and make your stock trades totally via the internet. In online trading, there is NO need to talk to anyone at all, if you don’t wish to.
Here are some of the main advantages of trading stocks online:
Pay less in commissions by using a Discount Broker, because you are not paying for telephone trades or unnecessary research.
Rapid trade execution. You do not have to wait for your broker to execute the trade for you. You can buy or sell the stocks directly online with just the click of a mouse.
Make smaller share purchases. This opens up the market to more people who cannot afford to invest in large positions.
As a result of all this, online stock trading does not require a large financial stake to be able to participate in the stock market. These are just some of the advantages to trading online.
However, there are some disadvantages. Computer breakdown is a real risk, and tends to happen when you can least afford it, i.e. you have an important trade on. The reliability of your phone line is obviously critical too, and these are particularly vulnerable during or after bad weather.
Online Stock Trading: How To Start
The steps to commencing online stock trading differ according to your experience level. If you have offline trading experience, it is a relatively minor switch to go to online trading. If you are completely new to market speculation then you will have to start from the very beginning.
First of all, you have to decide if online investing is right for you in the first place. Online stock trading is not for everyone. If you’re a timid person, a poor or slow decision maker, or if you are unsure or lack confidence in yourself, then stock trading is probably not for you, either online or offline.
Then you are going to have to set aside a sum of money to invest into your trading account. You then open a stock trading account with a stock broker online. Check out a number before you do this, in order to compare dealing costs, trading platforms, the specific securities you can trade, and other such issues that vary widely from broker to broker.
There ARE risks in Stock Trading!
Remember that real money is at stake – YOUR money! Hence, it is critical that you learn as much about investing as you possibly can. The more you study and learn about the subject in general, the better you will grow at trading online and the more successful you can be.
All that said, one of the key advantages to online trading is that you can trade smaller share sizes. Hence, there is less risk involved if you begin like this. Then you can work your way up to larger positions as you improve and your account size grows. If you feel that stock trading is outside of your capabilities right now (if for no other reason that the minimum account size permissible is quite substantial), then you could consider Forex Trading instead, because the minimum trade size is very small.
In conclusion, there are strong benefits to online investing. Trading online gives you the chance to work from home, take personal control over your investments, and engage in a fascinating activity, all at the same time. It can be very rewarding to do your own investing and fun to do from the comfort of your own home. Hence, stock trading is a worthwhile and valid business model.
The Recession of 2008/9 has made one thing certain to everyone…
Job security is a thing of the past.
Not only that, you can’t rely on anyone in authority… not the corporation you may work for, not the government… to even be remotely competent, let alone do the right thing!
People have truly suffered as a result of all this. Savings and pensions were halved or much worse. Scoundrels have been allowed to thrive. As job cuts took hold, many families lost their homes whilst countless more remained under the threat of it.
There can surely be nothing worse for anyone than to go through the hell of being homeless and broke, with nowhere to go. My heart goes out to those people, who were so badly advised as to end up in the mess that they did. These are people who believed that the future would resemble the past, that the economy could be relied upon, that the government could be trusted, and that all would be well.
But thankfully, it really doesn’t have to be this way. Not for you, not for your family. Not now, or ever.
After all, you’re a trader. And that’s the promise being a successful trader brings. It gives you the chance to carve out your own destiny and take control of your financial life, no matter what may be going on in the world around you.
Being a successful trader means bringing in the cash reliably and consistently, to fuel your lifestyle and your dreams. For the winning trader, there is no recession but only an endless oasis of opportunity.
Best of all, you don’t have to even leave your home to do it!
Once you can trade effectively, you can protect yourself and your loved ones from virtually ANY adversity that may grip the economy or the country. You can always pay the bills, pay for your children’s education, love after your parents when they need medical treatment.
Yes, successful Trading offers so very much. In one word, it offers freedom. Freedom from 9 to 5. Freedom from Fear. Freedom from others having control over your financial destiny.
That is why it is SO important to master Trading and to be successful at it. You see, you never know when the next Recession, or even Depression, might come along. Or how long the corporation you might still work for will be able to keep you.
Being a great trader is therefore not just about doing something you love, and no longer facing the daily commute. It can be about financial survival itself.
And that is why I feel so passionate about my course, How To Go From Failure To Success In Trading. You see, it pains me that in these difficult times, people who have had the courage to commence along the Trading path often feel frustrated and defeated.
Indeed, far too many who commence Trading end up failing. Which means losing money, losing hope, being stuck once more in the rat-race. And that truly is a crying shame. It should not be that way.
My course, How To Go From Failure To Success In Trading is there to fill that gap. To give you the key strategies you may be lacking, to give you those missing pieces of the jigsaw you may have been searching for to complete the picture.
In these trying times, we can’t afford complacency. We simply don’t know when the next big hit is around the corner, or even what form it will take.
Who could have imagined 9/11 and all its consequences? Who predicted this recession? Who knows what is around the next corner?
That’s why you owe it to yourself to get REALLY GOOD at Trading, and do it fast. That is what this course is about and that is why it has the title it does.
You are a trader. So aim to get excellent at Trading – the best you can possibly be – starting right NOW. Have a sense of urgency about it… because it might very well BE urgent!
And if my Trading Course can help you, as I am fairly sure it will, then I will be honored and humbled to have been a small part of your success.
One of the beautiful things about Trading is that you can test
out your ideas with little risk and then scale them up big when
you have proven that they work.
What this means therefore is that you can invest just a small
proportion of your trading capital testing out a new system or
method. This is unlike many conventional businesses where the
initial costs are fixed and very high.
In trading however, only when your trading strategy PROVES itself
to be profitable over a sustained period of time do you commit a
larger proportion of capital.
In fact, by using this approach, you can gradually build a
portfolio of different trading methods, each churning out cash
for you on a consistent basis. Of course there are always risks,
because that is the nature of our business. But provided you
have done your analysis properly with long-term historical data,
the risks should be fairly low.
In fact, what I have just described is a key strategy that many
system-trading oriented hedge funds use. They diversify their
risk over a variety of proven chart-based systems and methods. In
this way, they can make money over a variety of markets and
scenarios more or less consistently.
This strategy of testing small and ramping up large only when you
have proven the system is an excellent one, and something that I
commend to you to consider in your future Trading.
It is also just one of the many secrets of super-successful
traders that I discuss in my course,
Space does not permit me to cover everything in the course here.
But if the strategy I just discussed here makes sense to you,
there are many more powerful strategies like these in the full
course that you will definitely love.
More importantly, I don’t just cover expert trading approaches
alone. I also go in real depth into how to change your own
psychological mindset to ensure your maximum success in trading
You see, it’s not just methods and techniques that make a
successful trader. God only knows, there are more than enough of
those… and yet the vast majority of people FAIL at Trading. So,
in the course I cover ALL the key factors, i.e. what it REALLY
takes, to be a super-successful trader.
One of the key things that I have learned from Tony Robbins, the
famous Success Coach, is the need for mentors – role models for
whatever it is that you seek to excel at – including forex trading.
The main reason that people stumble around and fail to do the
best that they are capable of in ANY discipline (not just
Currency Trading) is that they don’t know how to do it and they
often don’t know that they don’t know!
So they stumble around; try this, try that, get a little better,
get a little worse. Maybe even give up, claiming it’s impossible
or a scam.
That’s how many people feel about Trading. “It’s too hard. It’s
for someone else. I’ll never master it.”
But what Tony Robbins teaches is, find a role model or mentor.
That means someone who is already outrageously successful at what
you want to do. Then, if you simply observe what that person is
doing and do the exact same thing, you can achieve success too.
This makes sense to me, and it should make sense to you too.
Think about it. How did you learn to drive? All by yourself alone
in the car, crashing back and forth until you eventually figured
I think not! Instead you want to… what? A DRIVING INSTRUCTOR!
And what is a driving instructor in essence? That’s right. A
mentor, a coach, a role model.
Although you were nervous at first, you did what he/she told you
to do, listened to the teachings and advice you were given …
and suddenly you could drive! What seemed impossible at first is
now so easy that you often daydream while doing it.
In fact, you may find that many of the things that you have been
highly successful at came about through having a mentor.
Trading is the same. If you can find out what highly successful
traders so, and do the exact same things, then you too can be
successful and make money in Trading.
Why not? Is there some law of the universe singling YOU out for
failure as a trader? Of course not! Don’t even think like that.
So, take my advice and seeker out a trading mentor/coach to take
you to the next level right away.
Actually, my How To Go From Failure To Success In Trading course
is precisely that. A packaged mentor, so to speak. OK, it’s not a
“live” person. Yet, it IS the wisdom distilled from some of the
most successful traders who ever lived – people you do NOT have
access to, now or perhaps ever.
By way of example, I included some of the key principles that one
of my own Trading mentors, the late Robert Krausz (who was
written up in the “New Market Wizards” book) personally gave to
What I am saying is, if you could meet some of the world’s best
traders, THIS is what they would tell you to do. It’s like having
your own mentor/role model right there in your home…
And best of all, the price for my Trading program is nothing like
what you’d pay some of these top trading experts. No, it’s a
bargain in comparison… probably less than the cost of one trade!
Copyright 2013 Asoka Selvarajah . All Rights Reserved.