Whether you already own stocks or are still waiting for an opening to make an investment, you have to note down the following: stock quotes, stock trades, stock news, and stock charts. To put it simply, these four are vital if you want to profit from the stock market. As we have mentioned earlier, the daily stock market is volatile. It is only logical to keep yourself informed with the latest changes. Doing so spells out the difference between earning some money and losing most of it.
Stock quotes refer to the lists of stock prices at some point in a trading day. The prices included are the bid price, the ask price, and the final price. The best thing about stock quotes is that they are in real-time. If, for some reason, there is a delay, it will be only be for fifteen minutes at most. Taking this into consideration, there is no better way to keep track of a particular stock's movement than perusing the stock quotes. Of course, you have to learn how to understand the information found in stock quotes before you can use it to your advantage. Don't worry. It doesn't take much to know the ins and outs of stock quotes.
stock news is not only helpful in terms of keeping track of the stock market. It can also be useful in making investment/trading decisions. If you haven't noticed before, stock prices change in accordance to news reports. Yes, that's right. Aside from the ebb and flow of supply and demand, stock news has some bearing in stock prices.
Bad news, such as unsatisfactory corporate supervision, poor earnings reports, economic insecurity, political instability, and inopportune circumstances, may lead to selling pressure thus a decline in the stock price.
Good news, like satisfactory corporate governance, great earnings reports, constructive economic and political indications, and innovative financial products and acquisitions, brings about buying pressure which will consequently result into an increase in stock price.
stock charts are like price charts where stock prices are plotted over a specified time frame. Most stock charts have the price scale on the y-axis and the time-scale on x-axis. In case you are not that familiar with charts, the y-axis pertains to the vertical axis and, consequently, the x-axis is the horizontal axis. The stock prices are laid out from left to right across the x-axis with the most recent price at the extreme right.