[mage lang="" source="flickr"]how to buy penny stock[/mage]
Using The Services Of A Stock Market Watch
There are many companies that offer a stock market watch service. In this article we will take a brief look at what you should be looking for when making your choice.
Firstly they should provide you with the latest market prices. There are numerous free services that offer delayed prices ‘ which mean they only update their prices every ten or fifteen minutes, some only daily. Whether to use on of them depends on your trading style. Long term traders don’t need live prices. They normally only check prices once a day. Day traders absolutely need live prices.
Another service that is important to have is access to general market news. If you trade in currencies, you should know if there was a dollar collapse on the Asian markets before the US markets opened. Likewise, if you trade in stocks, you would want to know what the Asian or European markets did before the opening of the American stock exchanges.
A further very useful service is to have regular commentary about market directions by insiders. This is especially useful if you are a new trader who doesn’t yet know how to interpret what happens in the marketplace. This is the best way to learn how to use market movements to your advantage.
Another useful service that is provided by all the top companies is to notify you when a stock you are following reaches a certain price, or breaks through its moving average for example. You can use a service like this to generate trading signals ‘ the moment your favourite stock trades above the moving average it could signal that you should be buying.
A final service provided by a stock market watch company that you will find very useful is the availability of an online discussion forum. Here you can meet up with other traders to discuss their market views with them and learn from them. Beware however that few traders will really give away their trading secrets.
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