Stock Trading Online - Is it a Good Idea

In the fast paced world of online trading and discount brokerages, many investors no longer rely on brokers for guidance and advice. This has opened up a whole world of online stock trading newsletters - various services which provide stock and option tips. But is using one of these advisory services a good or bad idea?

Many who have used these newsletters would tell you, it's a bad idea indeed. The reason for this is many con artists abound in this arena, lurking to take advantage of unsuspecting investors. Many of these online trading newsletters are built of simply hype and fluff, making great claims and false promises. Subscriptions can range from $50 to $5000, and with these types of speculative services, there often is no correlation between price and quality. Many have lost money following some of these low-performance, high hype types of newsletters.