Discount Stock Trading

Most individuals are attracted to TradeKing by the advertisement of $4.95 trades – I certainly was! But this does beg the question – do you lose out on quality of service for price? This article should help you decide if TradeKing is right for you.

So you’ve seen the glossy banners advertising $4.95 trades and want to know what the real deal is, right?

TradeKing does offer trades for $4.95, plus a contract fee of $0.65 for any option trades. But what do you get alongside a great price? Let’s have a look.

As a part of the package their customer service consists of a phone and chat and an email service, with a 24h reply guarantee. Most sites that provide stock trading facilities e.g. Zecco offer a similar level of service, so this is pretty much a standard.

Tradeking does do quite well when it comes to Huge array of accounts that can be opened including joint, custodial and trust accounts. On top of this there is the unique options search tool (very neat!) and the profit/Loss calculator with multiple facilities to easily find your break even point. I was quite impressed with all of these features considering that there is nothing extra to pay, nor any minimum trade.

The site overall is generally well designed and easy to use. They have the standard Firewalls and SSL security, with an automated log out after a time you set. Naturally they seem to be very aware of the nature of scams on the Internet and offer various features such as an on screen keyboard when entering passwords to defeat key loggers.

Perhaps one of my favorite aspects of the Trade King service is the excellent forum and community features. They have really worked hard to provide a community experience for everyone, with features that allow you to see who is trading the most successfully and plenty of opportunity to interact with others through forums and blogs.

The Main Features of TradeKing

Perhaps the main features of TradeKing are firstly the commission rate of $4.95. On top of that they provide a second to none trading platform with a huge array of features and tools. You also get access to a great trading community. One of the only real drawbacks I could find was that TradeKing don’t offer a Forex trading facility.

To conclude, they are an excellent (if not the best) choice when it comes to choosing an on-line broker. Unless you want to trade Forex as well then TradeKing is definitely an option worth considering. To sign up for free now follow the links below.

Sign Up For TradeKing Today and receive your $100 in your account! Just click the link below
Apply for account
Receive $100 once account is approved

Stock picking is a very complicated process and investors have different approaches. However, it is wise to follow general steps to minimize the risk of the investments. This article will outline these basic steps for picking high performance stocks.

Step 1. Decide on the time frame and the general strategy of the investment. This step is very important because it will dictate the type of stocks you buy.

Suppose you decide to be a long term investor, you would want to find stocks that have sustainable competitive advantages along with stable growth. The key for finding these stocks is by looking at the historical performance of each stock over the past decades and do a simple business S.W.O.T. (Strength-weakness-opportunity-threat) analysis on the company.

If you decide to be a short term investor, you would like to adhere to one of the following strategies:

a. Momentum Trading. This strategy is to look for stocks that increase in both price and volume over the recent past. Most technical analyses support this trading strategy. My advice on this strategy is to look for stocks that have demonstrated stable and smooth rises in their prices. The idea is that when the stocks are not volatile, you can simply ride the up-trend until the trend breaks.

b. Contrarian Strategy. This strategy is to look for over-reactions in the stock market. Researches show that stock market is not always efficient, which means prices do not always accurately represent the values of the stocks. When a company announces a bad news, people panic and price often drops below the stock’s fair value. To decide whether a stock over-reacted to a news, you should look at the possibility of recovery from the impact of the bad news. For example, if the stock drops 20% after the company loses a legal case that has no permanent damage to the business’s brand and product, you can be confident that the market over-reacted. My advice on this strategy is to find a list of stocks that have recent drops in prices, analyze the potential for a reversal (through candlestick analysis). If the stocks demonstrate candlestick reversal patterns, I will go through the recent news to analyze the causes of the recent price drops to determine the existence of over-sold opportunities.

Step 2. Conduct researches that give you a selection of stocks that is consistent to your investment time frame and strategy. There are numerous stock screeners on the web that can help you find stocks according to your needs.

Step 3. Once you have a list of stocks to buy, you would need to diversify them in a way that gives the greatest reward/risk ratio. One way to do this is conduct a Markowitz analysis for your portfolio. The analysis will give you the proportions of money you should allocate to each stock. This step is crucial because diversification is one of the free-lunches in the investment world.

These three steps should get you started in your quest to consistently make money in the stock market. They will deepen your knowledge about the financial markets, and would provide a sense of confidence that helps you to make better trading decisions.

RATE this video! Our Blog has the best videos: 700bucksaday.blogspot.com Track Record www.scribd.com FREE TRIAL: www.schooloftrade.com SUBSCRIBE TO THIS CHANNEL RATE & COMMENT ON THIS VIDEO! JOIN US TOMORROW IN OUR LIVE TRADE ROOM, OPENS @ 745AM (EST), HERES HOW: www.youtube.com