Thursday, April 23, 2009
tradeMONSTER will pump you up

A couple months ago I signed up for one of those free stock type games (WeSeed) you can try out with fake money to see how you would do in the real stock market. I haven't done so bad considering the intense fluctuations stocks have been experiencing.

My interest in stocks is mostly due to the fact that I have a 403B with my employer and I'm losing money as I'm sure most people are right now. So I've been wanting to learn more about what it's all about.

One of the places I've come across for information and advice is tradeMonster. The site was co-founded by Jon Najarian, Pete Najarian, and Dirk Mueller which means they collectively have an average of 20 years experience dealing with financial information.

When it comes to finding an online options broker you definitely want someone with experience and I'd say especially those with young, fresh and innovative minds because they too are dealing with the craziness of today's economy. And yes, I admit, going to their website and being greeted with a wave of music which totally pumped me up also helped.

But when you look beyond the fresh site and energizing music you see all the tools and assets they have to offer as a trading facility online. Their production tools are completely browser based so you can access information from anywhere. Once you pull up your account you have the tools to actively watch the market and pick up strategies tuned in to your personalized needs. It is a bit overwhelming at first, but at the same time it is an invigorating experience (coming from a 28-year-old novice).

I should also let you know they have different options for different type people. Someone like myself would be better off dealing with paperTrade which is the area you sign up to test different trading strategies and learn risk management. It's free to open the account and it brings you all the necessary proprietary stock reports right to your browser window.

WeSeed is free, too but the advice and analysis you receive is from other people like yourself. Being able to work with tradeMonster and knowing people who actually do this for a living are the ones giving me advice definitely puts me at ease.

So as our markets stabilize and eventually improve if you want to hop on ship while investments have the potential to start low then you should definitely sign up with tradeMonster.

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  • Written by: Christy"
    • | 2:17 PM | 1 comment(s)! |