Uranium Trading
I was recently introduced to uranium trading, which is supposed to be very profitable. James Dines, of the Dines News Letter, highly recommends certain uranium stocks, so I did some research on my own and found that there is definitely money to be made here. I figured that it couldn’t hurt to give it a try, and I hoped to learn more about day trading at the same time.
I have plenty of mutual funds at my broker, but I wanted to try doing the trading myself with the Dines suggestions. So I opened up an account at FirstTrade, and waited several weeks for approvals, account checking, and finally, my first money transfer to complete. Now that I’m ready to trade some uraniums, I find that I can’t trade foreign stocks myself. I have to go through one of their brokers, for which they will most likely charge me through the nose…
The problem is that most of the uranium stocks that I want to try are located in Canada or Australia. The stocks have US-equivalent stock symbols, but they can’t be tracked that way. I’m going to call FirstTrade today and see if I can’t get around the broker-assisted trading fees. Otherwise, I might not be able to do the uranium thing… So far, this has been a learning experience.
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