Online Investing in 2014, Do’s and Don’ts, Advice and Tips

Many consider online investing as one of the most profitable online businesses they can embark on. This is true because, unlike internet marketing, online investing can give you high returns within a short period of time if you know how to play by the rules.

Times are gone when online investing is limited to those who have special skills and funds to carry out investments online.  The internet has changed everything about investing. Now, you can get quick access to the information you need about stocks, commodities, mutual funds, ETFs, bonds and the whole spectrum of investment opportunities.

If you're still planning to start investing online (in 2014), here are the best advice and tips i have for you.

My Advice for your Online Investing in 2014

How much funds do i need to start Investing Online

If you're still a beginner in online investing, you don't need much of funds to get started investing. This is contrary to what many newbies think about online investing. Something little like $10 is enough to kick start your online investing career.

Get a Working Plan

You need to have a solid plan if you are planning to start investing online. First, you need to know what you are investing in. It can be stocks, bonds, forex, binary options e.t.c

Secondly, you need to learn about the jargons involved in that aspect of online investing.  For instance, forex trading is full of jargons like margins, leverage, liquidity e.t.c. If you don't learn these jargons, trading forex can drive you crazy because it's possible you can lose all your funds at one instance.

Choosing a brokerage firm

Next, choose a brokerage firm that can handle all your orders and can provide you with swift trading facilities your need for a successful online investing career.  Before you give your money to any broker, be sure you check if the broker through the Financial Regulatory Authority's Online broker checker tool . Please note that this tool gives you a result only if the broker is regulated especially via SEC authorities.

Research

Researching is an important aspect of online investing. If you're planning to start investing, it's wise to first research the best brokers for your asset, facilities and trading environment. This is very important as making an incorrect decision on broker selection can land you on extra losses instead of profits. If you are a forex trader, use our preferred forex brokers but stock traders can make use of the broker checker tool above to find genuine brokers.

Protecting your money against theft and phishing in Online Investing

We all know that the internet is full of scams, theft, phishing activities mainly because everyone has the right to access the internet. Therefore they use this medium to dupe others.

Protecting your money when investing online should be your first priority because if you lose your funds, then you can no longer invest.

When making transactions online, it pays to make sure that your financial and personal information doesn't get hijacked by cybercriminals. Below are some tips that can help you protect your money and financial information:

• First, secure your computer, tablets or other devices you use for your online investing and trading. You'd want to install an anti virus software and firewall blockers to help prevent malicious and phishing softwares on your devices.

Next, take note of the type of .exe files you install on your computer.  Some .exe files are meant to scan your computer for personal information like credit card details, site login username and passwords e.t.c and send it to an unknown server.  To prevent this, make sure you install the antivirus softwares, firewall blockers, chrome browser.

When installing a valid software, untick unnecessary add ons you don't need e.g. computer speed booster, speedbit search engine and stuffs like that. This is because these programs create additional entries on your browser that lowers the security of your internet browser.

• Be careful if you use wireless connections to access the internet. As many wireless connections allow you to freely access the internet, many cybercriminals can use this opportunity to scan through your computer to find important financial information. To prevent this, make sure that your Wifi network is secure and use antivirus softwares like Avast.
• Run a frequent check on your broker and your trades to know when your broker starts charging unduly high commissions for the financial services provided.
• After you've selected an asset to trade on, you should be able to know the weight of the risks and rewards involved in each trading asset. This will help you not only in leveraging your risk but also maximize your return on investment.

Do you have questions regarding online investing in 2014, we'll love to attend to your questions. Also you can add to the discussion about online investing by suggesting your own advice for investing online in 2014.