Free Share Tips
The share market is exploding in Australia, and as a result so to is the amount of free share tips being offered by various media outlets. With all of this share trading advice being blasted our way everyday, it can be difficult as a beginning share trader to decipher good share trading tips from bad. One of the most important aspects of discerning the good tips from the bad is finding information regarding the source of the free share tips you are getting. You want to steer clear of getting free share tips from specific companies listed on the stock market, as they obviously will be biased in their view and will likely try and get you to buy stock in their company through less than honest means.
Many people are willing to offer free share tips to you as a disguise to try and entice you to sign up for a subscription tipping service or possibly an expensive share trading newsletter. Do not fall for these scams; there are many resources for quality information on trading Australian shares as well as hot shares tips available for free. The bigger financial news websites often offer free share trading tips, make sure they are a trusted name that you are very familiar with before using their tips though. There are also numerous successful investors that maintain updated blogs where they offer free insight into their share trading methods. Social media websites are also quickly becoming a popular source for share recommendations, just be sure the investor or trader you are following has a large base of followers and seems to be making accurate stock picks.
Your broker probably offers free share tips, however if you have a full service broker you are essentially paying for these “free” tips, in which case they are no longer free. Most reputable online brokers offer free share trading tips in addition to low commissions and are generally overall much cheaper than full service brokers. Be wary of articles in newspapers and magazines offering free stock tips, these can sometimes be written by a company that is just trying to get you to buy their shares. The best advice regarding free share tips is just to do your homework on the source of the tips before you make use of them. Also, it always pays to do your own research on the company you are thinking of investing in, regardless of how much you trust your tipping source.
One of the biggest ways to make sure your free share tips source is giving you sound share tips is by seeing if they have a track record or not. Any one offering free shares tips on an going basis will have no problem producing a track record if they are truly providing valuable stock trading tips. These are especially important if you are following an individual investor or trader on a social media site or through a blog. Anyone can start a blog or go on Twitter and start “tweeting” free share tips; this does not however, make them an expert or someone you want to follow. So, track records are key in deciphering the honest tipsters from the ones who are just out to gain attention or get you to buy something.