The Daily Middle

We can’t stress this enough, but the “get rich fast” tactics are often futile and we’ve even encountered scams. As the saying goes, “if it’s too good to be true…” With a bit of effort and self education, however, you can begin to understand on how and where to invest your money. We recommend many titles on our reading list under the Books section where there are many valuable books that will help you understand the basics. While it is very important to be well read in the subject, you may also find visual and audible learning very useful. Here are some of the following resources that we recommend for both learning and trading.

1. There are so many online trading resources out there. Which do you recommend?
Zecco.com:

This is one of the best deals that we have found for it’s usability and price.

• $4.50 per trade (ScottTrade is $7, Schwab is $8.95, TDAmerica is $9.99 and E*Trade is $12.99)
• You get 10 Free Equity Trades as long as you either maintain a balance of $25,000 or if you make 25 trades or more per month. Consider this an added bonus if you meet either of the two.
• Zecco Share: This is cool because it allows you to look at other traders that are on Zecco, the top traders, for example, and see what they are investing in and why.
• Set up a practice account. Zecco offers you $50,000 in “play-money” so that you can learn for free and build up your confidence before you start actually investing your own money. Learn from your mistakes and get used to trading. Then when you’re ready, you can switch over and use your applied knowledge with your own financial investments. Pretty cool especially for the newbies.

(Click the banner above to go to our affiliates at Zecco.com).

2. I’m new to Investing, where should I start?

• Investing Basics From Warren Buffett
• The Deficit: How to Protect Yourself
• Michael Covel Explains Turtle Trading
• Trend Following Trading Introduction from Michael Covel
• Never Trade Without a Protective Stop
• The 10 Rules You Need to Know Before Investing in ETFs
• The No. 1 key to long-term investing
• 5 Ways to Protect Your Portfolio in a Deflationary Environment
• Mark Mobius: The Case For Frontier Markets
• Trading the Junior Gold Stock ETF
• The Six Key Drivers of Emerging Markets
• What Separates the 10% That Make Money From the 90% That Don’t
• More coming soon!

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