The Secret to a Hot Stock Pick

A successful investor should learn how to find hot stock picks to make good money on investing. There is a lot of information on the web available free of charge. It is advisable to find a reliable website that provides you with daily stock tips and stock picks that are based on technical analysis not on guesswork.

Another great way to start searching for hot stock market picks is by using stock market software programs. Some of these softwares are free and easy to use, and can be downloaded to your computer. You can use them to identify the current market trends and they will show you the hottest picks in the market.

There are a number of things you should consider when finding a good daily stock picking software: (i) Is there a buy or sell signal? (ii) Do they have valid contact information and customer support? (iii) Do they publish the stock picks history in details? (iv) Profitable stock picking software should have positive reviews and testimonials.

Every investor may have different approaches to finding hot stock picks. You should decide on what strategy you will follow (long term or short term?). If you want to employ short-term trading strategy, look for stocks that are rising in the recent past so as to maximize profit potential and minimize risk. For the long term strategy, look for stable stocks that have sustainable growth capability.

* Featured Article: Market Timing Strategy of Buying Stocks

Author

Kelvin Wong Loke Yuen is a highly experienced education writer. He has obtained many certifications from the UK, USA, Australia and Canada, including an MBA and a Postgraduate Diploma from Heriot-Watt (UK's World-Class University) and a BCom degree from Adelaide (Australia’s Group of Eight University). Follow him on: LinkedIn