Online Stock Trading Tips

You are not yet considered as serious trader if you trade online with only one LCD monitor. If you do more research on this topic like chatting guys in the trading forums, you will find out the pros uses more than one LCD monitor, at least they have two working LCD monitors used in their day trading activity.

So what does this imply to you as a beginner in stock/futures trading? It means that you need to do some computer upgrades in order your computer to handle multi-monitor support. In order to upgrade your computer, you must refer to the important list below:

1.) Video Card = this is the most important computer upgrade you should do to make your computer handle multi-monitor support. Without a video card supporting multi-monitor support, you cannot have it enabled in your desktop computer.

So how are you going to know that the video card is supporting multi-monitor feature? The easiest thing to do is to ask the technical person/assistant at the computer hardware store where you will purchase your video card. This information can also be available in the cover of the card. So take a look at it. The most recommended card is NVIDIA card because it is widely supported in both Windows and other OS.

Once your card has been installed in your PCI bus/PCI Express card slot, you will need to install the drivers, etc. After driver installation, follow this procedure to determine if your card truly supports multi-monitor (the steps below are applicable for Windows XP users of NVIDIA video card):
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Ok, so you appears to have the money to start investing in stocks. The next question is, how much you are willing to risk when investing in stocks?

This is often one of the most important questions you should pay attention before you will invest anything in such as high risk investing environment like stock trading.

The secret answer to this question is the answer to this question that you need to ask yourself: “What percent of my savings/entire assets I am willing to lose?”

Now the answer is different for everybody. Some investors have this personality of being “risk taker”, so they might answer 30% or even 50%. It means they are not afraid to lose 30 to 50% of their entire savings/assets.

Some investors have this personality called as “conservative type” and may call someone who are risking 30% or even 50% of their assets as stupid.

It means they are willing to lose only a very small amount of their asset such as 5% to 10%.

They are even “super-conservative” individuals who are comfortable of investing/risking 1% to 2% of their entire assets or savings.

Opposite to this are called “gamblers”, these are the individuals who are willing to lose everything in stocks. So this means they will invest 100% of their assets/savings to it.

So what are the implications to the above statements? (more…)