Choosing An Online Stock Trading Newsletter
There are a lot of online stock trading newsletters vying for your attention and in many cases, your money. These online stock trading newsletters can be for playing the regular stock market or for playing the stock market online. There are many free newsletters, but there are also newsletters that you must pay for. Are you wasting your money paying for what you could get for free? Not necessarily.
You Get What You Pay For
The paid online stock trading newsletters offer a few advantages over the free versions. First off, the free newsletters tend to be loaded with advertising that may be quite annoying or difficult for your computer to download. That advertising is mostly missing from the paid newsletters.
Advertising in a newsletter or any periodical can cause some editorial problems with the objectivity of the newsletter's news. If your biggest client was offering some public stock, even if the company was having serious problems, wouldn't you be tempted to push your client's stock rather than another, more stable company's?
Secondly, most professional stock market brokers use paid online stock trading newsletters more than free ones. They seem to find the level of information at a consistently higher quality more geared for their needs rather than the sometimes inconsistent quality from free online stock trading newsletters.
You're Not Stuck With One
One of the perks of choosing your online stock trading newsletter is that you can always change your mind, cancel your subscription and try someone else's newsletter. You are not obliged to stick with one stock trading newsletter for your entire life. You might find out that another newsletter centers more on the kind of trading you do rather than your current newsletter. It only makes good business sense to change subscriptions.
If you get a software package service such as a web trading platform, you might also be eligible to get their newsletters, forecasts and tips at no extra charge. If you like the web trading platform you are using, then getting the newsletter from the same company would make your life a little less stressful.
Be sure your online stock trading newsletter focuses on the kind of trading you do. If you focus on penny stocks, then getting a newsletter that features daily analysis of NASDAQ will be next to useless for you, because penny stocks aren't any part of NASDAQ. The reverse of this is also true. If you are in for diversified, conservative investing, then you don't want to hear any wild penny stock tips.
