Helpful Tips for Successful Stock Trading

Getting into share market trading can be a bit overwhelming in a number of different ways. In addition to making the decision to invest, there is also the question of how much you should invest, what you should invest in, how to actually do it and on and on.
There are a number of young investors who will likely choose investing in a 401k plan of fixed income funds offered by the company, but another option is to open a brokerage account. Regardless of where you do business, if you get to know the ropes, you can save money with every trade you make.
When it comes down to it, the secret to share market trading is to squeeze your nickels and dimes until they add up to thousands of dollars accumulated after years of this practice.
This is even truer for those who have a smaller amount of money to invest, since each of these seemingly small nickels and dimes is a bigger piece of your pie. Some tips to help ensure successful trading for everyone are found here.
Never place a market order prior to the opening of the trading day.
There are a number of weird things that may occur when you hear the opening bell, which means that you may pay more than you thought you would on the buying side, or receive less than what was expected when selling. While this is always a risk when share market trading, it is most prevalent during the opening, when the orders have piled up related to traders reacting to the previous night’s news.
Trade at the market in the afternoon.
When you wait until around 1 to 2:30 pm, Eastern Time, you will essentially have limited traders present. This is because the majority of the people in the country will be at work, even those on the West Coast. Most market shaking stats are released in the morning, along with earnings reports, so waiting for the ‘smoke’ to clear can provide you with better trading decision.
Check the ask and bid sixe for any stock prior to entering a sell or buy order.
Any quality real-time quote system will give you the latest price of the stock and the bid price or ask price for the stock you are interested in. If the bid price is larger than the actual ask price then this is a sign of an underlying demand for the actual stock.
If you are interested in share market trading, you need to learn the ropes for the process. Getting help from a reputable company like excelfunds.com is important when trying to have success during this process.