Your Questions About Investools

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Richard asks…

I am interested in enrolling in the Investools program for trading in the markets.?

Does anyone use this system for technical analysis? If so, have you had any rewards/problems with it? Do you trade on your own or use a broker with it? Please give me your thoughts.

Justin answers:

I see many problems with it.

1. High price to purchase their tools.

2. Nobody can predict the market.

If their “Investools” are a good as they say, they should let you pay for their procuct out of the extreme gains they say are possible with their products. If their product is really as good as they claim, this would be a GREAT deal for them.

I use Scottrade.

$7 per stock limit trade.
No rediculous hidden fees.
Lots of mutual funds with no transaction fees and no loads.

Michael asks…

What is the best website to research stocks for free or should I buy Investools or wize trade?

Justin answers:

Yahoo Finance works well for most things. If you’re interested in screening and sorting a lot of companies according to a wide variety of criteria then the google finance stock screener is a good tool. If you are interested in learning about basic company strategy and management experience then the financial times site www.ft.com provides detailed information. Also, most of your online brokers (such as scottrade, etrade, …, etc) have useful tools available.

Chris asks…

I am considering joining the Investools program. Is it worth the money or is there something better?

What is the best investing program available for the money vs % return.

Justin answers:

Yes, there’s something better. A financial advisor, proper asset allocation, periodic rebalancing, and time.

John asks…

Has anyone done Investools and does is really work?

and how much do you have to spend on stocks up front in order to join?

Justin answers:

I haven’t heard much about this company but here is a FREE site to use

to check out if if any site or person is a SCAM !

Http://www.ripoffreport.com http://www.scam.com

William asks…

What do you know about INVESTools???

I recently watched one of those seemingly dumb infomercials, called INVESTools. Well, it seemed cool, I just don’t understand, there has to be a gimmick. What is it???

Justin answers:

Http://www.investools.com/about/faq.jsp

Robert asks…

Question about the stock market?

has anyone ever heard of Teach Me To Trade or Investools. I see them on tv all the time. i know next to nothing about the market, can someone who really knows nothing buy a program like this and become successfull with some studing and hard work?

Justin answers:

It is surprisingly easy to learn the tricks of the trade market. I had a class in high school where we learned all about it and had a website we signed up for to play with fake money in the real stock market and we all became pretty good at it.

Paul asks…

I’m 16 and want to start investing in the stock market. What are some of long term options?

I have more or less $50-60 dollars that I want to start investing for the long run. What kind of stocks will do best for me in the long run? What stocks are safer and which are more risky?

Justin answers:

Congratulations on getting started at a young age. It’ll help you more than you know! You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!

How to invest depends on what you already know. We’ll assume that you’re beginning.

A good primer is How to Make Money in Stocks by William O’Neil. You can get it cheap just about anywhere. It’s widely available new or used.

Another good one is one of Jim Cramer’s books.

But books will only get you so far. At some point, you’ll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com

For free, you can start by visiting thestreet.com. That’ll get you a pretty good primer so at least you’ll understand what the markets are and what a stock is, etc. If you get a chance, watch Mad Money on CNBC. Don’t trade any of his picks. Just use the show to get you to understand some basics and get a feel for the market itself.

Next, subscribe to something like investorsbusiness daily or something like that that can help you identify good stocks.

*** Do a quick search (at the top of the page) on ROTH IRAs. You’ll want to put some money in there. ***

Once you understand stocks, go to 888options.com. It’s a website that’ll help you understand options (what they do, how they work, etc). You don’t need to trade them, but the more you know, the more you’ll see how options can really be the safest way to invest (once you’re educated).

As you get more advanced, you might want a technical analysis book like Murphy’s Visual Investor or A Technical Analysis Course by Meyer.

If it’s discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter

I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin.

Since you’re starting with a smaller amount of money, you’ll probably want to save up at least a few dollars so you don’t get eaten up by commissions (around $10-15/trade). When you have say $200 or so, you can put it into an ETF or into a growth stock. Meanwhile, you can always papertrade to practice (highly recommended).

Start slow, then as you figure things out, you can buy more shares.

Congrats again on getting started. If you have any questions, please let me know.

Hope this helps!

Mark asks…

What is the stock market all about ? How can I make money and start at it ?

I am interested in learning about the stock market. Can anyone adives me and give me my best options along with how to start at it all ? I have the slightest clue only to wither you gain or lose money.

Justin answers:

Congratulations on getting started. It’ll help you more than you know!

Your first dollars should be spent on getting educated on investing. You don’t have to train to trade them professionally, but we are talking about your future here. So the more you learn, the more it’ll help you! So let’s start there.

You ask a very broad question, so be prepared for a pretty long answer. Just take it in chunks!

How to invest depends on what you already know. We’ll assume that you’re beginning!

A good primer is How to Make Money in Stocks by William O’Neil. You can get it cheap just about anywhere. It’s widely available new or used.

Another good one is one of Jim Cramer’s books like Real Money (he’s got a few).

But books will only get you so far. At some point, you’ll also want to get at least a little training. There are some great education companies if you want to make the investment. Investools.com or optionetics.com are both very good companies as is tmitchell.com who teaches trading futures.

For free, you can start by visiting thestreet.com and investopedia.com. That’ll get you a pretty good primer so at least you’ll understand what the markets are and what a stock is, etc.

If you get a chance, watch Mad Money on CNBC. Don’t trade any of his picks until you track many of them over time. Just use the show to get you to understand some basics and get a feel for the market itself.

Next, subscribe to something like Investorsbusiness daily or something like that that can help you identify good stocks.

Once you understand stocks, go to 888options.com. It’s a website that’ll help you understand options (what they do, how they work, etc). You don’t need to trade them, but the more you know, the more you’ll see how options can really be the safest way to invest (once you’re educated).

For discipline (which is crucial to successful trading), probably Trading in the Zone by Mark Douglas or Mastering the Trade by John Carter

I know that’s a LOT to absorb. Just take it one step at a time for now. Start with a book or two to give you an idea of where to begin. Take your time, and let it seep in.

As you get up to speed, you should papertrade to practice (highly recommended). This should help reduce your losses in the beginning as you get used to buying/selling.

You can practice for free on almost any reputable broker site (optionsxpress, scottrade, thinkorswim, etc). And yes, you can definitely deal easily online.

Start slow, then as you figure things out, you can buy more shares.

Congrats again on getting started. If you have any questions, please let me know.

Hope this helps!

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