I'm not an options expert, but I did find an interesting options site for you. Foe example if you look at this page on blue chip stock options, you'll see they recommend day traders look to the OEX, an index fund designed for day trading the top 100 blue chips at once.
If you're like me, you're not sure what to do with this information but if you have time to invest (unlike me) that website does offer "option training education through our stock option trading system."
The online trading homepage explains a bit more. You can get some free information via email and if you register with them they send you "a complete Pre-Market Alert that provides the trader with all the tools and resources they need to make smart financial option decisions" every trading day.
The sample Pre-Market Alert does contain some technical language so this service seems more appropriate for educated investors who know the jargon. This makes sense since day trading in general is for investors who have been around long enough to talk about pivot points, average true ranges, signal count strength, etc.
Personally I'll stick to my regular system, which isn't technical or creative. I buy index funds, including ETFs and trade online with Ameritrade or directly with Vanguard. I've never tried options and I've never day traded so options day trading is too big a leap for me.
OEX Options does offer a 15 day free trial, but I couldn't find any more about the "option training education" - perhaps you're supposed to learn by trial and error (or by reading the reports and recording what you would have done if you had real money at stake).
Still, the site is interesting if you're ready to experiment and learn. If you have the time to invest why wouldn't you fo for a free trial. You don't have to put real money down to see if you can make this system work.
Google Finance Beta is launched. I ahven't tried it yet, mostly because it doesn't look as informative as Yahoo finance (less information, no stock screener that I can see, etc.). Has anyone given it a try?
Forex is the single largest financial market. Each day over a trillion dollars worth of currency changes hands. With that sum of money exchanging hands there is significant opportunity in currency markets, especially considering that you can leverage your Forex purchase power by a factor of 20.
With the ever increasing US debt, trade imbalances, the possible fall of the Euro, the pending Chinese Yuan revaluation, US Dollar fluctuations related to Greenspan and company changing interest rates, and global oil shortages there are large swings in global currency values.
Read Forex 101 if you want to learn more about how you can take advantage of the opportunities in FX markets.
Jan. 12, 2004 marked the first stock market investment blog entry. Naturally, I started with zero readers.
Now, one year later, this blog averages 250 unique visitors a day! Thank you!
They say practice makes perfect, and I believe I've come a long way since my early blog entries. I'll try to keep writing more relvant and more interesting interesting articles about stock market investing as long as people keep reading!
Starting Wednesday November 3rd at 5pm EST, you can get one free week of forecasts from Elliott Wave International.
Elliott Wave International claims to be the world's largest independent supplier of technical analysis. For over 25 years they have supplied individual and institutional investors with objective forecasts of the world's largest markets.
During their FreeWeek event, you get complete access to three forecasting services: Monthly Futures Junctures, Daily Futures Junctures and Robert Prechter's Elliott Wave Theorist. Get access to their FreeWeek by clicking here.
Random Roger's Big Picture is a blog written by someone who really knows his stuff. I like the way Roger Nusbaum thinks: for example he looked at the Swiss markets to see if it offered a chance to diversify for US investors. He also looked at investment ideas in Switzerland.
I think that Roger's insights offer investors a lot of interesting reading, so check out Random Roger's Big Picture.
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