| Trading stocks on the internet is a relatively new | | | | skilled group. There are many brokers who are |
| thing for most people but it won't be for long. | | | | well worth their weight in gold because they know |
| The only reason that it is new in the first place is | | | | the market so well and have such good |
| that the internet is new relatively speaking. In | | | | instincts-this shouldn't be your only draw to online |
| 1999 a little under 3 million people traded over the | | | | stock trading. |
| internet, now online stock trading has ballooned | | | | Other reasons people left their jobs to go into full |
| with more than 10 times that number of people | | | | time trading on the internet because they think |
| trading daily. | | | | that they can do better at it than at their real job |
| So why have people begun to do this? Why is it | | | | and it will be more fun to boot. There is a certain |
| so popular? Well there are several reasons and | | | | romantic idea that people have about sitting in |
| some are good and some are not as sound when | | | | their beautiful home sipping gourmet coffee and |
| you think critically. The most popular reason cited | | | | checking in on their online stock trading portfolios |
| for online stock trading is that they no longer | | | | a few times a day while making hundreds of |
| have to forfeit some of their earnings to brokers | | | | thousands of dollars. This is a dangerous move |
| in fees charged per trade. This doesn't get them | | | | for lots of people because they have no idea |
| out of being charged fees per trade but it does | | | | what they are getting into. |
| cost a lot less to do it yourself with one of the | | | | In order to be successful you have to have |
| dozens of day trading companies that there are | | | | knowledge of the world's economies and how |
| available on the internet. | | | | that can be affected by the current events of |
| People are often trying to get away from | | | | the day. You also have to be good at evaluation |
| brokers all together for more than just the fees | | | | of companies as far as potential for profit and so |
| they charged. Many people are fed up with | | | | on. The third thing that you must have is nerves |
| brokers who did poorly in the recent downturn in | | | | of steel and a loose grip on the money that you |
| the market. Their performances were sub par | | | | are trading with. Many day traders (or former |
| and people lost a lot of money so you can't | | | | thereof) will tell you of the "hits" they have taken |
| blame them. However the word of caution is to | | | | totaling many thousands of dollars in a few hours |
| not lump all brokers into the overpaid and under | | | | for a wrong move. |