You can find free daily stock picks online, but whether or not you should use them is another matter entirely. If you have decided to enter the risky world of day trading, it is questionable whether or not you should trust a service that offers daily stock market recommendations free of charge. It is important to examine the motives of the site doing the recommending. Are they trying to help you profit or help themselves profit? When it comes to investing, one should never blindly follow someone else?s advice without knowing why they should.
Before even considering something as risky as day trading, you should have a good background when it comes to investing knowledge. This means learning all the jargon and keeping up with financial news. Reading a daily financial newspaper like the Wall Street Journal is recommended. Day trading is a risky endeavor that can lead to great losses or great gains. Therefore you should be prepared for loss and never trade with money you cannot afford to lose. It is definitely recommended that you start off on small scale before investing a large amount of money.
Before following the advice of a stock picking site, follow their recommendations and see if they pay off. If a site has a steady history of picking winners they are likely to be a good choice for you. When you are ready to start looking for daily stock picks, simply do a search engine query for them. You will find quite a few choices available. Many of the sites that offer free picks each day send them to you via email or post them on their homepage. You may wonder why any company would give away this information. One reason is to attract visitors to their site.
Free daily stock picks can help you enter the world of short term trading with more confidence than you would have on your own. In addition to using a stock picking site or alert service, you may want to join an online group or find a message board for day traders. This is especially important for new investors, who stand to learn a lot from those with more experience. Day trading is an exciting way to trade but is something that should be entered into with caution.
Source: http://www.buyingpennystocks.org/2012/07/16/free-daily-stock-picks/
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