It is quite disheartening each time I see a very enthusiastic newbie online investor fall, burn or cash inside some of these online investment pit holes just because they do not first take the pain to critically research investment programs before they start whipping out their credit cards to invest in them.

After much personal uneasy feelings and empathy for the victims of such disastrous online investment pit holes, I decided to spot them out for anyone who cares, to learn from them and become more savvy with his online investments.

1. GET RICH QUICK PROGRAMS:

one of the pit holes most newbie online investors fall into is investing in get rich quick programs that promise to double or quadruple their investment capital within a month or weeks. When most newbies sees such investment opportunities, they quickly empty their account and invest into them to make fast profit- but it ought not be. Before you invest in any online investment program, you should critically consider what business they are going to use your money to do that they will be able to make enough profit and be able to pay you such outrageous interests they promised.

2. INVESTING MORE THAN THEY CAN AFFORD TO LOSE:

Another devastating pit holes newbie online investors fall into is investing amount of money they can’t afford to bear the loss into an investment program they know little or nothing about. If you must invest to try out a program you do not know much about its outcome, you should start up with an amount you can comfortably afford to loose- in fact, even if you are so sure of its profitability, you should only invest an amount you can comfortably afford to loose.

3. LACK OF PROFESSIONAL HOW -TO INFORMATION:

One other pit holes most newbie online investors fall into quite often, is investing into programs without first obtaining adequate information about the business. When you invest in a program you know little or nothing about, even if the program is safe and profitable, you are bound to make terrible mistakes and consequently, terrible losses: so before you invest or while investing in any program, you should gather as much information as you can to be able to make profit from the program.

4. STORING MONEY IN THE WEB:

By this I mean after you have made enough profit, you leave the money in your online account without withdrawing some part of it. Yes, this is one of the pit holes many online investors fall into; after making profit in their investment, they leave the money there to keep multiplying, but they fail to understand that in the net, anything can go wrong at anytime and the program owners might shutdown their website and all the money, they have made including their capital will be lost.

5. ONLINE GAMBLING:

One of the deadliest pit holes many newbies fall into is online gambling. Many newbies that come to the internet to look for investment opportunities that can make them quick money, easily get caught into the deadly trap of online gambling. And before long, they have burnt their fingers: consequently leading to many of them throwing in the towel totally at online investments. There are legitimate online investment programs and certainly gambling is not one of them…

Author Bio: Darlington Ohaeri is a professional online gold trader: And also an online investment consultant. To learn more about the online gold trading business and how you can be making obscene profit from it, visit his web site Click here

Category: Business
Keywords: Online gold trading, online investment, gold,buying and selling gold online,invest in gold