Knowledge Is What It Takes To Be Successful In Investing

By Jens Jackson

Investing is not easy as anyone that has been around for awhile will tell you. You put your own hard earned money on the line and when you get it wrong, it hurts. You need other traders to share with you their investing knowledge. It is very expensive to learn the hard way all the lessons that you need to learn. You can find an online investing message forum or blog. There is a lot of free information that would cost you money elsewhere but that is free on the Internet. You need to hook up with the right people to learn how to make money investing in stocks.

Think of it like this. If you team up with one person, two minds are better than one. Now imagining teaming up with a hundred people over the Internet. Do not be arrogant. Somebody else will always think of something that you did not think about. Let iron sharpen iron. You can learn a huge amount of investing know how and tips of the trade just by networking over the Internet with other stock traders. Yes you have to be careful because you can't see the person you are communicating with over the Internet and so you don't know if they have an alternative agenda. Connecting with other people is the key to success in almost everything in life and investing blogs and websites are a great way to do that.

You need to read the rules, regulations, and disclaimers before becoming a regular reader of a message forum or blog. You should also check out a financial websites reputation. If they have a bad reputation, stay away from it. Comments should not be deleted by so called moderators. Moderators are bad in any form as they restrict the free flow of information and speech by nature. Any website that needs moderators is probably a website that has a bad reputation and has made a ton of enemies and so they have to keep deleting comments on a regular basis. Spend time researching a financial blog or message forum before you become a regular reader. It is easier to walk away from a website or blog in the beginning before you get emotionally addicted to the content.

Some stock blogs require no user account information whatsoever. These are the best financial blogs to subscribe to. Whatever you decide, connecting with other stock traders will increase the profitability of your trades.

Keep an eye on the type of stocks a message forum, club, or blog is telling you to buy. Is there a pattern of the stock picks always being small caps? If there is, watch out. Small cap stocks move on very little buying activity. These are the easiest stocks to push higher. Make sure you are not the target of a pump and dump snow job involving small cap stocks. - 23200

About the Author:

Written by Jens Jackson. When are you finally going to get tired enough of losing money in the stock market to do something about it? Make sure you see Lance Jepsen's awesome free stock blog at investing