Trading Forex For Beginners

In one of our previous posts, we discussed what a discount broker age is.  However, perhaps you find trading to be complex? Never had the time to delve into the basics? We found a video that breaks everything into digestable pieces. In fact, watch it 2-3 times and feel free to leave a comment. Enjoy!

See?  Not as complex as you thought.  We will be posting more educational videos so for those clients who want to learn more, can do so.

Happy Stock Investor

I love buying stocks because every time I do, I become a part-owner of the company or business whose stocks I purchase. But before I buy stocks of any company, I take the time to monitor and evaluate the performance of that company. With careful research and analysis, I have always doubled my money within months after purchasing stocks.


Today I was thinking about my next move in the stock market and I decided to mow my lawn while doing so. I love mowing with electric lawn mowers because it saves me money and I decide how I want my lawn to look. Perhaps, that’s because in my neighborhood, everyone pays to have their lawn mowed for them.

My worx wg789 cordless electric lawn mower is so easy to use that it somehow motivates me to do the job myself. And in fact, doing so has enabled me to save a significant amount of money every year to put on more stocks. In my former neighborhood, I used to spend up to $200 a month to keep my lawn in shape.

Now back to the stock buying topic…Over the years, I have realized that researching companies that I am personally familiar with is very important. I usually follow playbooks of popular investors like Warren Buffet and read annual reports of every company that I’m interested in.


Generally, annual letters by the managements of these companies to shareholders provides the general narratives of their performances. Additionally, I find information about different companies on the websites of brokers, including updates on quarterly earnings, analyst ratings, recent news and transcripts of conference calls. Some brokers’ websites provide crucial financial information which enables me to compare specific metrics and performances of different companies before making my investment moves.

Making The Decision

I like making my final decision on the stocks to buy without pressure. I never like filling my entire stocks portfolio at once. In fact, I prefer purchasing a limited number of shares at a time to get a feeling of what it is like to be a stockholder in a company. If it feels good, I add more stocks to my portfolio over time. Generally, I buy the stocks of any company because it is a great company and I feel great for being associated with it.

blue stocks

However, it’s important to note that there is a difference between a good company and a good stock. For instance, a company can be a great stock when you purchase its stock but become overpriced with time.

Happy To Be A Stock Investor

Whenever I buy a stock, I enter into a long-term commitment and relationship with a company that I choose. Ideally, all of my stock picks are winners. However, there are rough patches. Nevertheless, I have learned that the key to successful stock investment is bearing in mind why I chose to become a stock investor. To me, investing is fun and I love the idea of making money by being a bona fide, part-owner of different companies.

What Is A Discount Brokerage?

One of the most dynamic and exciting sectors today is the financial industry. Characterized by big money deals and shrewd investment moves, it is attractive to many who want to make a fortune. The appeal of financial centers like Wall Street is attractive to many. To take part in the buying and selling of shares and other types of securities, you need to use the services of a brokerage firm. This is a financial institution which conducts the buying and selling of securities on behalf of a buyer. It acts as the intermediary beween the buyers and the sellers.


There are two main types of brokerage firms. These are full-service and discount brokerage firms. Full-service brokerage firms help you to make trades and also give you investment advice. However, they can be very expensive to work with. This is because many of them charge up to 2% in commissions every time you buy or sell shares. On the other hand, a discount brokerage charges you very little in commissions when you make a trade. However, they do not give any investment advice. What are the features of a discount brokerage that make it different from a full-service one? Read on to find out.


They give you full control over your trades

A discount brokerage firm only does exactly what you want it to do. They do not try to convince you to follow a specific opinion by giving you advice. They make the exact trades which you tell them to make, nothing more, nothing less. In this way, you can make your trades based on your own judgment wth no effort from them to convince you otherwise.

They save you a lot of money

Discount brokerages conduct trades for much less than full-service ones do. They do not charge high fees because they are simply making trades on your behalf, nothing more. They do not spend time giving you their opinions on the market or which trades are hot in the moment. They are simply an intermediary between you and the market. Thus, they are very affordable to work with.

They invest more of your money in the effort of making quality trades for you

When you decide to work with a discount brokerage, you can be sure that they will make high qualtiy trades for you. In 2012, NerdWallet conducted a study. They discovered that discount brokerage firms spend a larger percentage of your commissions in making trades for you than full-service brokerages do. According to the study, full-service brokerages spend only about 12% of your commission fees to make trades. The rest is used for company activities such as advertisement and public relations. On the other hand, discount brokerages spend up to 59% of your fees exclusively to make trades. This means that they are capable of making high quality trades for you.


If you are looking to maximize the profits that you make from your investment trades, a discount brokerage is the way to go. They will not complicate your trades with advice and opinions. They will allow you to make the exact trades you desire whenever and however you want.