Finding the Right Investments for You
So you’ve decided to jump into the fast-paced world of investing. Perhaps you’ve browsed through some internet sites on the subject, spoken to some friends or co-workers who have profited from day trading or other investments, and even read a book or two on the subject. You’ve loaded up your computer with analytical software, downloaded apps to your smartphone or tablet, and even scouted for an online broker that meets your trading needs. You’re now ready to make some trades and let the profits roll in, right?
But how do you select that first trade that will prove your investment prowess and ensure a profitable future in investing? There are a number of factors to consider in finding the right investment not only for the first trade, but for your on-going trading strategy:
News – 2016 has not begun with the most optimistic scenario for investors. With market volatility that has shaken even seasoned investors it becomes even more important for traders to take current developments under consideration before making buy and sell decisions. Movement in one stock or other investment vehicle often means an offset being recognized in another. A tech stock realizing a market jump in value due to new product releases that generate high consumer demand may result in a drop in value for other players in the same market.
Corporate activity – Have you heard of a highly-respected company undergoing a restructuring or positioning itself for expansion or acquisitions? Such activities are often looked on favorably by investors resulting in rising share values. Get in on such activity early for quick profits, knowing that these bumps in value are often short-term in nature.
Global economics – Stagnating economies and political events such as civil unrest or terrorism generate almost immediate impact on companies active in those regions. Day traders who keep informed of such events will be armed with information that triggers buy and sell actions.
Trade in what you know – Many long-term investors live by this creed at least for some of their investments. If there is a product or service that you have intimate knowledge of, or even familiarity with a management team that consistently exceeds targeted results, those present opportunities for an investment selection.
Observe – Note consumer trends that are taking hold. Getting in on the ground floor of a company that you see as growing and succeeding in their segment can signal you for potential short-term gains.
Analysis – regardless of your other strategic plan for investments learn to read charts and understand trends and indexes. There are many tools available to traders that point the way to investment success. Your online broker can provide a considerable amount of useful information from familiar stock tickers to analytical software and charts.
Finding the Right Investment Vehicle for You
There are many ways to make money with trading:
- Trading Options
- Trading in Futures
- Currency – Forex, etc
- Exchange Traded Funds (EFTs)
- Stocks and Bonds
- Commodities Trading (agriculture products, precious metals)
No one can tell you what the best selection is for your particular trading activities or even if a mix will work best for you. There is no substitute for research. Reading and even attending classes at local community colleges can help you make investment decisions that pay off in the long run.
There are also investment groups and clubs that allow you to pool opinions and experiences of others who may have been trading for a considerable length of time. Some even pool financial resources to make larger buys that leverage capital for the good of all members.
SureTrader can help you with finding the Right Investments
Using an online broker such as SureTrader can benefit your trading experience through access to tools and information resources.
SureTrader is a leading online broker with tools and news sources for accurate analysis and lightning-fast trade execution. SureTrader provides friendly and courteous support available to our clients on a 24×7 basis to answer any questions and resolve problems.
SureTrader’s desktop and mobile applications ensure timely and flexible access to SureTrader services – iOS and Android platforms are each supported. Global access to services enables quick and easy trades even in after-hours trading.
Contact SureTrader right away to get started doing online trading with the best in online brokers.
Disclaimer: SureTrader Blog is not intended for U.S. persons. Stock information is not to be viewed as buy or sell recommendations.