Do You Subscribe to a Stock Trading Newsletter?

A friend of mine, who shall remain nameless, receives a stock trading newsletter from some company at least once a week. Every time he gets one, he reads it and professes that he has found the “next big thing” and moves a little bit of his money into it. It had always seemed to me that these newsletters were a little shady at best and my theory was confirmed when I took a look at one he received just last week.
This stock trading newsletter was professionally written and produced, the paper was nice, and there was a photo of a guy who looked very authoritative. However, as I read through it, reading how I should buy X, how X would make me a millionaire, and how the price of X was about to go through the roof, I noticed the very last line. It said, and I quote, “Call 1-800-xxx-xxxx and buy X today!” The entire newsletter was indeed an advertisement for his company and the stock which he had probably already bought quite a lot of. He was waiting on people like my friend to drive up the price before he sold all of his for a great profit and everybody else lost.
A stock trading newsletter like this is printed every day and once you start day trading, you will begin to see many requests to subscribe to them. My suggestion is that if they want to send it to you free, then fine, go ahead and read them. But, paying for information that is highly biased and usually very out of date is useless and actually a little dangerous. There are better ways to learn how to trade.
An online training resource for people who are interested in day trading. They do not just tell you what stocks to buy like many of these stock trading newsletters do, but they tell you how to figure it out for yourself. After all, if you can recognize a stock that is about to move by reading the chart and interpreting the news, then you can react quicker and make wiser decisions. In addition, Trade Stocks American can help you understand the overall actions of the market and why certain sectors go up when others go down, how major political actions affect the market, and how the American market works in conjunction with the world’s market to create the big playground that you are going to invest in.
Another point to remember is that stock trading newsletters are not cheap. They often run well over $100 for just a few issues, and although that increases the perceived value of the document, it really has no value to you. So, instead of looking for quick tips and trying to find some way to earn money by reading a newsletter, put in a little time, educate yourself and get the training you need. The money spent on training will pay off for years to come, long after those newsletters are gone.