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.
Buy Now Cameron, Ross Click Buy Now for Updated Price. Estimated Price: $26.45 Click Buy Now for Updated Price. Estimated Price: 26.45 Buy Now %%item_customer_reviews%% Originally posted 2020-06-27 22:00:27. Republished…
All successful traders keep a journal and reflect on their trading style and strategies. This day trading journal or logbook is designed by a day-trader. Unlike other stock trading journal, it contains pages to record trading of stocks, ETFs, CFDs, as well as pages to record your trading strategies. To alow easy reference of recorded…
Maybe you have thought that day trading is a financial activity that is only meant for the chosen few. Well, if this is what you have been thinking, you need to think twice. Day trading is not just meant for the chosen few. A while ago, people thought that the only people that were able…
“As a veteran reader of some 500+ trading and investing books and having interviewed hundreds of authors, I never take the approach that you can believe what you read or hear about how to make money in the market, so I try their theory, system, or ideas. Jeff Augen’s book lays down clear guidelines to…
UPDATED & EXTENDED 2ND EDITIONThis practical book provides you with everything you need to be able to day trade grain futures effectively. It opens with chapters explaining the author’s preference for the grain futures markets, and his reasons for preferring to day trade, before going on to explain the fundamentals of trading and the more…
John, Paul, George and Ringo spend 36 wild hours in London.Shrink-wrapped
Looking for a simple way to improve your trading and investing?As Peter Drucker says, “What gets measured gets improved.”We designed the original desk size 8.5″x11” version of the Trade Journal & Trading Log from ActiveTrendTrading.com specifically for the needs of swing trading, trend trading, and options trading, with the goal of tracking trades to measure…
Buy Now Click Buy Now for Updated Price. Estimated Price: $14.36 Click Buy Now for Updated Price. Estimated Price: 14.36 Buy Now %%item_customer_reviews%% Originally posted 2020-03-30 09:33:29. Republished by Blog…
Tired of losing money?Ready to learn how the stock market really works?The stock market is the biggest opportunity machine ever created.But most people don’t know how to harness it for profits.It took me over a decade to figure it out, and now I’m ready to share everything that I’ve learned.This is exactly the book that…
Bulletproof setups offers stock market traders 29 in-depth trading strategies. These strategies allow traders to fully understand very common patterns and occurrences in the stock market. This book offers reasons why these setups occur, why they work, and how to exactly enter trades with them. There are only 29 setups in this book, one a…
