Day trading is the purchase and sale of a security within a day. This means that investors purchase securities and sell them within a single trading day. Why do they do this? Simple, to earn profits. Day trading requires a degree of expertise and knowledge of the market and industry, most day traders are well educated, know the intricacies of the market they trade in and are well funded. Day trading is prevalent mostly in the foreign exchange (FOREX) and stock markets because these markets in particular are well suited for day trading.
Basically day traders use their knowledge and experience to speculate the rise or fall in the value of securities they trade in, based on this judgment they take buying and selling decisions to make profits on small price movements. For example if the day traders know that a major car review magazine is going to publish a positive review on Tesla, then the day traders will speculate that this review will result in a rise in the stock price because more investors will want to invest in Tesla because of positive review, thus the day traders will buy the shares before the interview is published and sell the securities once the share prices spike.
Day traders know the intricacies of the market and thus scheduled news and announcements such as economic statistics, policy reveals, press briefings, earning reports etc which result in spikes in market are watched closely by the day traders because these spikes have the potential of giving them profits.
It’s easy to get caught up by the idea that you can make quick profits in the stock market, but day trading makes virtually no one rich. Research suggests that 99% of day traders fail to consistently make money and the vast majority lose money.
If you’re still interested in day trading, it’s important to follow some rules so you don’t get in over your head.
Here are some books on how to approach day trading.
Can you remember?… How much are you trade the stock?How much dividend has been received? and how about the commission cost?These problems will be disappeared, just you note, note and note.These are the reasons that you should keep the records of stock trading:- Check the accuracy of the report from your broker.- You will see…
Forex trading journal for Trader The trading logbook is offered in 5 Main point recordTrade setup to record your notice what your strategies and chart definedEmotion at the time you get entry your positionDetails about trading orders such as position size, SL, TPConclusion and Mistake to Improve your next trade get you to do it betterPerfect…
Are you a beginner and have no clue about trading and investing?Would you like to earn more than 15k per month to change your lifestyle and become rich?Are you angry because you are continuing to invest and lose money without profitable strategies that work for you?If you answer yes, this bestseller bundle 6 in 1 is your solution.If you’ve…
Trader log is a notebook to record everything related to trade. It could be trading on the Internet or at work. For investors who play on the stock exchange it can turn out to be a great and convenient set and expenses and losses. The notebook has 110 pages in line.
Stock Trader Chart Candle Phone Case design for stock investors, Bulls and Bears! For day traders and swing traders who buy and sell calls, puts, credit spreads, debit spreads .For men and women stock market traders who daytrade and swing trade. Buy shares or options contracts and flip the premium! For technical trades and macro…
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Are you a trader or an investor? What did you do that resulted to a positive outcome for your trading session? Perfect gift for you or someone you know who like to trade for a living.Define and manage your goals, record your strategies and keep track of your trade history with our uniquely designed, easy…
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The Steamies and the Diesels face off in this action-packed movie adventure! When a fire breaks out on the Island of Sodor, two new firefighting engines – Flynn and Belle – join Thomas and Percy to save the day! When Thomas starts spending all his time with Sodor’s newest heroes, Percy is left feeling alone.…
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