Practice Trades


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	------------------------------------------------------- Practice Trading ------------------------------------------------------- Why practice Trading environment Why is practice trading so important? Before risking your own capital implementing any recommendations obtained from information or advisory services it is advisable to practice trading. There is an old vaudeville joke that goes something like the following: A man was walking down a busy New York Street. As he approached an intersection he turned to the person walking next to him and asked, “Can you tell me how to get to Carnegie Hall”? The stranger replied. “Practice, Practice, Practice”. You can make mistakes while you learn provided you are not using your own money! Since you are on-line trading and conducting research you should use the power of the Internet including many of the free tools that are available to you. If you use Microsoft Money or Quicken you have the ability to set-up watch lists and have the software update the prices at scheduled intervals that you can set. On-line there are several portfolio management tools. Microsoft Money Central and Yahoo Finance have excellent tools that will allow you to link directly to your broker. Using these tools you can monitor prices, monitor volume and study the impact on prices caused by current events. Additionally, most of the on-line brokers provide portfolio management tools. In the research published by whentobuy.com the support and resistance levels provide buy and sell signals. It is advisable to verify prices before buying any stock. Any of the on-line portfolio management systems can help you monitor prices and confirm the stock is moving in the right direction before risking your capital. The Microsoft functionality that allows you to establish a link to your broker saves time once you decide to buy and it provides the convenience of an all-encompassing tool. Want to learn more? Join now! Back \| Trading Environment \| \| Range Bound \| Continuation \| Strategies \| Practice Trades \| Performance \| Cancel \| Options \| Useful Links \| \| Order Now \| Return Home \| Home Business \| Digital Economy \| Sign In \| Disclaimer \| Training Center \| FAQ \| What's New \| Contact Us \|