Category Archives: How to Trade

5 best websites to learn trading stocks from (part 1)

Trading stocks may sound attractive for people, who would like to make money online, right? Well, I guess yes, because everyone has already heard hundreds of stories about people, who made their wealth by trading. These stories sound like truth. According to most of them, an ordinary person, who has an access to the Internet and a PC, starts trading and makes a lot of money. How do they do it? Well, there is a simple success formula.

Knowledge + practice

Absolutely any sphere requires these two things for becoming successful. The first one is theoretical knowledge and the second – practicing. You can learn more about the theory of stock trading with help of thousands online courses, forums, and blogs. But how can you gain practical skills in trading? Someone thinks that thousands of dollars are required for this. But we are sure, they aren’t. Here is a list of websites that can help you practice trading stocks with no money at all!

The list

1.Wall Street Survivor. The aim of this website is making you a better trader. Many articles and video tutorials are presented at this resource. All you need is some time and will to study.

2.How The Market Works. This is a quite popular project, which is created like a learning game for the people, who want to get trading skills. It is used by more than 360,000 users each year. All the tools, which may be useful for trading, are gathered here, including charts, financial statements, news, etc.

5 best websites to learn trading stocks from (part 2)

We continue completing our list of free websites that will be useful for everyone, who wants to learn stock trading. In the previous part of the article, two projects were mentioned: ‘Wall Street Survivor’ and ‘How The Market Works’.

3.Market Watch. The next interesting website for those, who are still looking for an opportunity to make several million in the next few months, is the Market Watch. This resource has also its own game for people, who still don’t understand how the world of stock trading works. Market Watch also offers special discussing groups, which allow people exchange with their opinions about the market strategies and with their approaches to trading in general. You can both share your experience with others and learn something new from other, more skilled traders!

4.Investopedia Stock Simulator. You did you hear about Investopedia, one of the largest online platforms for people, interested in investing money? Well, this website has launched its simulator game, which helps everybody learn trading stocks with fun. They give you $100,000 virtual dollars and let you trade. You should compete with thousands of other players, showing your skills and knowledge. Are you experienced enough for becoming a real trader?

5.Smart Stocks. This is a great game for everyone, due to that fact that it uses real stocks. It helps players navigate better in the world of trading. You get the virtual cash ($1 million) and do your best to multiply your money.

Try any of these games (or maybe some of them) – and you will get an incredible experience in stock trading!

Where can I learn stock trading?

The question ‘Where can I learn stock trading?’ is one of the most frequent ones, asked by those, who are interested in making money online. It’s a natural question if you are a novice in trading and you don’t know, what you should start with. But you shouldn’t panic. There is a simple and an obvious answer for your question: you should start with learning. In this article, we would like to make a list of some popular sites, which will be useful for anyone.

1.Investopedia

It’s probably the most famous online project for people, learning investing. It’s a real free encyclopaedia for making investments, though it’s free and available online. It has some interesting tutorials, a knowledge base, different articles and video, concerning the most effective and successful strategies for trading and investing.

2.Investing

This website is also a huge database of knowledge. It has all the latest market information, including various financial reports. This is the really helpful project about the world economy, which can blow your mind and charge you with information. It offers hundreds of great articles on a daily basis; that’s why you won’t be able to get bored here!

3.Bloomberg

This media is famous all over the world, thanks to its interesting stories, breaking news and analytical data. If you want to learn trading stocks, this is one of the most effective informational tools you could have. By the way, it’s free as well.

Did you think that there is not enough information, related to trading? These projects, just like the thousands of others, will help you!

Creating you own trading strategies

Trading strategy is a way you make decisions on your trading – how you behave in any situation, tracking the movement of the graphs. It determines, which steps you take, in order to gain profits, trading stocks and currencies. Strategies can be either found in the public access, or they can be sold as a private information. In this article, we would like to describe the tips for creating your own strategy.

First of all, it’s worth mentioning, that you need an access to the charts, reflecting a time frame and showing the actual price of the stocks and currency you trade. The specialists claim that watching these charts and noticing the dependance between them can bring you some useful ideas on how to predict the movement of graphs in the future. That’s the theoretical basis for your strategy.

Second, your ideas must be checked in a practical way. Let’s say, you feel that you discovered the actual conditions, which prove the future behavior of the charts. If you want to get the real strategy, you need to meet the same conditions on practice and trade, following your own strategy.

Third, while creating a strategy, you need to narrow your trading field. Let’s say, you should definitely know, which stocks you should work with and which time frames you choose. These could be either the minute-, or the day-trading options to work with. So, keep it in mind and follow these limitations.

And remember, that each strategy, just like any kind of rule, can have its own exceptions.

 

Doubling your investments

There are different ways to double your investments (or even triple it, there is no any difference). Each of them can be used by you to earn some money withing your trading career. So, let’s look at them closer.

1.Earning slowly

The most simple, but, at the same time, one of the most difficult ways to get your investment doubled, is a slow earning of money. You should invest in some blue-chip stocks or investment grade bonds, in order to ‘keep it rolling’. This strategy won’t lead you to a great failure, but its income will be not so fast, as you probably wanted.

2.Smell the opportunity

Another way to double your capitals is waiting for a good moment to buy. There such a famous phrase of Baron Rothschild, like ‘buy when there is blood in the streets’. It’s a great example, which shows how the real financiers feel the market opportunities and act when it’s needed to.

3.Safe way to invest

Another interesting way to earn the profits is buying zero-coupon bonds. They allow the investors doubling their money pretty fast, though the actual risks are moderate.

4.Speculative way

Another way for people, who prefer the ‘now or never’ way is speculations. This strategy can be used by those investors, who are familiar with the actual financial statistics of any company. So, hitting the market can change this company’s stocks price and, as a result, to bring some profits as well.