Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Online Investing and other Investing topics.
One online investing strategy that gets talked about a lot is day trading. Day trading is an investment strategy that requires you to analyze daily stock trends and buy and sell frequently in hopes of turning a daily profit. Although late night TV ads make day trading sound like a scientific process that can make anyone instantly rich, this is not the case. Day trading is an extremely risky investment strategy that can cost you a lot of money in trading fees, lost investments and a personal life. Instead of day trading, research several good stocks or mutual funds and pick a few that you believe will grow over a longer period of time. Invest in those and get off the computer so you can enjoy your other hobbies.
Guru Spotlight |
Jennifer Mathes, Ph.D. |