An open-end(ed) fund is a collective investment which can issue and redeem shares at any time. An investor can purchase shares in such funds directly from the mutual fund company, or through a brokerage house.
A closed-end fund is a collective investment scheme with a limited number of shares.
these articles might be helpful for you
http://freemanstrikes.blogspot.com/2007/09/mutual-funds-open-ended-vs-closed-ended.html
http://freemanstrikes.blogspot.com/2007/07/stock-market-terms.html
http://freemanstrikes.blogspot.com/2007/07/how-to-read-balance-sheet.html
http://www.investingtutorial.info/
good luck !
wish you make fortune from investing !
trading electronically in real time as a day trader
Stocks mainly
Find the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines.
This is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it.
Townsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system.
I use RealTick at TerraNovaOnline, but it costs $275/mo. I think the Investor package is free to use, and just uses one screen.
What you should try is a free trial of their Investor demo. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.
The other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis.
TerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do.
For details on day trading kindly have a look at the following
http://ezinearticles.com/?The-Basics-Of-Day-Trading&id=1148430
The wash sale rules apply to options trading if and only if the replacement position is "substantially identical" to the position closed for a loss.
<<<I traded stock options many times often within 30 days, each time taking a bigger loss; Say I BUYcall options for TM(toyota) sell within 30 days, rebuy within 30 days (different strike price different expiration date), each time taking a loss.. Can i take a capital gain loss or does the Wash Sale rule apply?>>>
You have to determine if the option purchased is "substantially identical" to the one sold. As of the last time I researched the issue, some years ago, the IRS had not issued any rulings to help clarify that term.
<<< I read somewhere the wash sale rule would apply for the 1st trade BUT that this DISALLOWED LOSS could be applied towards my COST BASIS of my next stock or stock option purchase of identical stock ?? >>>
When a wash sale occurs the loss is used to adjust the cost basis of the replacement position.
<<<Can i claim a capital claim loss on the 2nd or 3rd time i traded that particular stock option and took a loss or can i only use it to any future capital gain in future years??>>>
Every time you have a wash sale you adjust the cost basis of the replacement securities. You end up getting the benefit of the loss(es) as soon as you are out of "substantially identical" securities for a 31 day period. That can be in the same year or in a future year.
For more information on wash sales see the articles at
http://www.fairmark.com/capgain/wash/index.htm
including the pages on "Wash Sales and Options"
http://www.fairmark.com/capgain/wash/wsoption.htm
and "Substantially Identical Securities"
http://www.fairmark.com/capgain/wash/wsident.htm