Best Stock Picks

The best stock picks can be found online where an astute investor can select from various stock offerings. Yet the best advice to get before seeking free stock picks and jumping into day trading is to get basic training about day trading and choosing the best strategy for a financial portfolio. The Internet is a great place to start researching. We are living in the information age, and now is an opportune time to get online and read as much about the various aspects of trading, and finding just what free stock picks will be the best for an investment future. The investors who consider getting into day trading should be fully aware of all risks involved and be prepared to lose money initially while going through the learning process.

Basic training for investing over the Internet should include several areas. First, just as a homeowner would not consider building onto his house without understanding the building codes, an investor must have a thorough grasp of the market laws and influences so that he can build his portfolio in an effective way. Before rushing into trading decisions, consider the words of Proverbs: "A faithful man shall abound with blessings: but he that maketh haste to be rich shall not be innocent." Getting information means taking the time to learn how to plan strategies for trading and determining the best stock picks for the specific financial situation and picture. Many experts in the field of Internet trading advise that newcomers work with a small trading firm for the first year or two, getting their feet wet and getting a feel for the business. Often these small trading firms will offer great advice that will help investors learn the ins and outs of the market.

Getting a trading education online has never been easier. There are hundreds of articles and companies publishing tips and suggestions for day traders and those considering jumping into stock trading. These publications often post their free stock picks and explain how each is fairing in the current market. An investor can also download "E" publications that are e-mailed to interested investors, alerting traders with information about current trends and prices. These publications often have free advice available for their readers, as well.

Second, joining with others to learn about the ups and downs of the market is wise. Many affiliations offer information and ongoing training for a membership organizational fee. A trading membership club will often include benefits such as suggestions for free stock picks and the best stock picks for the current markets. Memberships will generally have many insider tips and detailed suggestions about trading and finding your niche in the markets. Anyone interested in an affiliation, small trading company to work with, or who wants to sign up for e-mail alerts from various organizations can find more than just a few to choose from online. Taking the time to browse online and downloading information about stock trading will be time well spent, and save you money in the long run.

Third, research the markets off the Internet. Experts and professional brokers suggest that newcomers read several books on trading and begin to understand the different trading markets. The NASDAQ, AMEX, and NYSE markets should be studied, as well as other markets such as the American and New York stock exchanges. A wise investor can also study international stock exchanges, including some of the more notable: Amsterdam, London, and Madrid Exchanges. Even the burgeoning country of Iraq has an exciting market. Getting and devouring books about the different exchanges will not only prepare an investor for stock trading, but by getting involved at the education level first, it will teach him the basic lingo of the business, which at times can seem like a foreign language.

Finally, know the risks involved before getting the best stock picks or free stock picks. Financial boundaries should be determined before trading. Never plan to use your savings or retirement monies for trading. Proverbs 28:20 teaches us that using financial resources is a slow, deliberate process that can't be avoided: "He that hasteth to be rich hath an evil eye, and considereth not that poverty shall come upon him." The Bible teaches us to use money wisely, for the benefit of people and God's kingdom, not just to amass wealth.

The Proverbs also teach us that we are to get counsel and wisdom from others before acting upon major decisions. This advice coincides perfectly with the advice given by experts in the fields of day trading. "Apply thine heart to instruction, and thine ears to the words of knowledge" (Proverbs 23:12). And, "Where no counsel is, the people fall; but in the multitude of counsellors there is safety." (Proverbs 11:14) Take your time, get an education, and get the right perspective before becoming a day trader.