Tuesday, November 18, 2008

Online Investing From Home - A Sweet Challenge

By Walter Fox

Though I have been working in an Indian manufacturing Industry for over 30 years, and my employer is coming under the category of top ten industrialist of India, my knowledge about stock market was terrible. I was not even using my company's employee 401K. But based on a relative's advice, I decided I had to learn more.

A couple years ago, a cousin of mine pushed me to invest some of my earnings into the stock market. I was hesitant, but I ended up buying just a few shares from my local broker in profit making companies.

My first impression about the stock market was great because I got some profit in my first adventure out of the gate. This was my beginning in stock option trading system. A field which was alien to me became my part and parcel of my life.

Unlike today, back then the stock certificates were still printed, but it didn't take long to transition to paperless trading as I became more heavily involved in the stock market. My stock broker started to use a computer to execute trades as the internet quickly expanded through India.

Slowly I realized the importance of stock option strategies to progress in this field and I learn about option trading systems. Option trading, which was unknown and mysterious a few years back, has become so popular that most of the television channels started broadcasting both online share prices and option prices directly from the stock exchanges.

As stock option trading systems became popular, I applied for a demat account (a paperless account in India) and subsequently applied for an online trading account and started to trade on daily basis. I saw so many ups and downs in the market as well as in my fortune. Through mobile phone, I used to give trading instruction to my share broking agency.

Three months ago I received software from my stock broker and installed it on my home computer. My wife, an economics major in college, now trades on my behalf. Now our confidence level in our abilities has increased to the point where I am now helping my friends trade.

Now I am watching the global market performance along with Indian market. In the present scenario, the performance is international markets are so interdpenent. I feel, at present, that the American market is the pillar of the world market. If American economy performs better, then the whole world market turns green. Like me every share trader wants to see the share index in green color. - 15224

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