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.
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Day Trader Just Add Coffee – This stock traders design is for day traders and people who are investor in the stock market and exchanges. A day trading gift for cryptocurrency lovers who sell high and buy low. Perfect for trading in a bull market.Grab this funny coffee loving Stock Trader outfit for any stock…
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“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…
Are you a resourceful and determined individual, but still find it hard to make any decent amount of money to improve your lifestyle? Are you interested in knowing how an ordinary person like you can make 5 figures every month day trading, but unsure how to start?Swing and Day trading is a booming industry that…
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Price Action Breakdown is a book about pure price action analysis of financial markets. It covers concepts, ideas and price action trading methods that you most likely haven’t seen anywhere else. The knowledge contained can be used to trade any financial market such as Forex, Futures, Stocks, Commodities and all major markets. It is based…
The celebrity dog trainer and Emmy-winning star of the CBS show Lucky Dog shares his training system to transform any dog—from spoiled purebred puppy to shelter-shocked rescue—into a model companion in just seven days.Each week on Lucky Dog, Brandon McMillan rescues an untrained, unwanted, “unadoptable” shelter dog. In the days that follow, these dogs undergo…
Great Log Book For All Kinds of TradersHave you ever wonder when and why you open a certain trade? This small but powerful positions journal will help you keep track all of your open trades, profitable or losing positions, so you can laser focus on your systems and strategies for maximum returns. Add To Cart…
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