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© 2008 RetireAsia.com
May 13, 2008
Alternatives to Forex Trading
Online Stocks and Shares Trading
Stock or share trading including ETFs, futures, options and commodities, day trading and swing trading are all popular financial market trading pursuits, and many of the principles and strategies are similar to forex trading, but the approach is somewhat different. Some people may be better suited to stock and futures trading than forex, but generally more capital is needed for purchase of a stock portfolio.
While share trading was once considered only by wealthy people with free capital, and charges can be relatively high on transactions, that's not so any more. Now it's possible to open an account with an online broker with $500 and start trading with low costs. However, it won't be easy to make a big profit with such a modest amount. Several thousand dollars should probably set aside for trading in stocks and shares.
Many banks offer stock brokerage services too, so if you already have money invested with them, you would be able to use it as collateral to buy stocks and shares too. While they probably offer advice on how to trade, there are specialists in this field.
What you choose to buy, when, and how long to keep it is the result of what you learn. You can get all sorts of advice, you can see stock prices on TV, with commentary from 'experts'. There are newsletters, companies that pick stocks that are likely to rise before you sell them. It can be a bit of a minefield!
Automated Stock Trading
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Free Videos for Stock Traders
The new "Trade Triangles" scanning tool scans the investment
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A more upmarket training course integrated with a universal market trading system was released in August, but has already sold out. It shows traders how to successfully trade in the forex, stocks and futures markets simultaneously. It's called the The Universal Market Trader and you can get more information on our page here. The January 24 release is selling out quickly.
Background to The Universal Market Trader
The NetPicks Ultimate Trading Machine had its final release on 11th April, and as with all previous issues, every copy was sold within days. It was the last opportunity to become one of only 1,500 traders able to use Ultimate Trading Machine. But Universal Market Trader is proving to be even better.