What we state generically as a Lender is someone or an entity who lends you the money for whatever you want to purchase with it. A finer consideration would be Bank, Lending Company or Loan Broker. But there are differences between them and we will try to point out advantages and disadvantages of each one.

A Bank Is A Bank

Well, we all know what a bank is and how to spot one as we walk in the street. A lending company might be anybody who does not fit in the bank category, but has money to lend. The loan brokers are the most varied of the lot, as we shall see and have a unique feature. Mind you, there are good guys and bad guys everywhere, so that will certainly NOT be the subject. Each kind of lender has its pros and cons.

In the case of a bank, there is a notorious difference in backup. There is a financial power behind the bank that makes it the first option when we need a loan. Definitely it is the most reliable of the lot, on average, of course, since they have a good name to care for. But the bank has a rather limited range of loans. Maybe they might say, We are sorry, but we do not do car loans, or currently we are concentrating only on mortgage loans, or whatever, but they are not so ample.

Are you the kind of trader who always worries about old bets? Are you the stock trader who trades by the urge? Stock trading is not as easy as it seems or portrayed by the stock brokers. The best way to make success in the stock market is to always trade the next best bets.

It is such a simple concept. We sometimes ask what is the next good thing to do? Similarly in stock trading as well we should ask, what is the next good bet to trade?

Have you ever asked this question to yourself and found the answers? In my experience as a stock trader for two years I had seen many people asking this question to me. Not to themselves. But when it came to me, I never asked this question to others. I always asked either myself or not at all.

I learned it the hard way like many successful stock traders. Tony Oz, Nicholas Darvas, Jesse Livermore are the professional traders of the century and from their books I gained insight into their life as stock traders.

I had spent almost a year trading on my own. I was slowly finding the same keys that the above mentioned veterans have found. But it was not very clear until I read their experiences.