One of the most skipped aspects of trading on the market is the sometimes exorbitant commissions that brokers charge.  Even some of the discount brokers you find online can charge commissions and fees up to 5 times more than some of the competition.  If you are an active stock trader you should be signed up with a broker that charges under $5 for a trade.  In today’s world of easy access to different brokers there is no reason to be paying $10-$20 per trade when there are reputable brokers charging much less.  If you aren’t trading thousands of dollars worth of stock every transaction then the commission factor is even more apparent.

Another of the most overlooked aspects to trading stocks is the use of the different order types.  There are many ways to manage your portfolio as well as your risk simply by using the order types available to you.  Most people are familiar with the standard market order and limit order, but there are other order types that can save you time.  Many brokers offer what they call “conditional orders”.  This basically means that define a set of conditions that must be true for your order to execute.  You could use this type of order to buy a natural gas company based on the pricing activity of gold, for example.

The point is to never stop learning.  There are many valuable sources of information available, and none of them will give you the complete picture.  Make it a point to add research into your daily trading routine, and you will be rewarded.

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Probably the biggest obstacle facing stock trading beginners is the lack of concise information.  You will see countless different theories, and a seemingly endless string of gurus telling you what the best stocks to buy are.  The information overload that a beginner faces in stock trading is extreme.  The best advice is to start with the basics.  Learn the mechanics of stock trading before you dive in with investing.  Learn how to read a stock chart for yourself.  Learn the basics of fundamental analysis.  There are plenty of free tutorials available to help you start from the beginning.  The best tool you can use is your own demo account.

It is one thing to read an article about when you are supposed to buy a stock to make profits.  It’s a completely different beast when you are actually pulling the trigger.  What kind of order do you use to get the best price.  Do I need to use a trailing stop order to lock in my profits.  Of course a little research will do you a world of good, but nothing can replace trying things out for yourself.  Most of the major brokers offer a demo account at no charge.  This will be your number one tool for familiarizing yourself with the details of stock trading.  Allow yourself some time to get acquainted with your new account, and build a little confidence in the idea that you can learn to trade stocks yourself.

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