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 Rees, Samuel Click Buy Now for Updated Price. Estimated Price: $26.00 Click Buy Now for Updated Price. Estimated Price: 26.00 Buy Now %%item_customer_reviews%%
Every decision is a trade. Learn to think about the ones you should do — and the ones you shouldn’t. Trading books generally break down into two categories: the ones which claim to teach you how to make money trading, and the memoir-style books recounting scandals and bad behavior. But the former don’t have profitable…
★★★ This journal can be used as a notebook or diary. ★★★It is Perfect fortaking notes, organizing daily activities, creating stories, making lists, doodling and brainstorming This Journal Features119 high quality bright white pages with lines (27 lines per page)Full size duo sided blank sheetsSturdy and matte full color softbound cover6 x 9″ dimensions (5.24…
By automating your investment strategy, you can achieve financial freedom and work thirty minutes a day. In The 30-Minute Stock Trader, Laurens will take you through all of the steps to create your own automated stock trading strategy that’s proven and based on historical price action data. He will also show you how to suit…
ANTI SOCIALISM CAPITALISM | Day Trading Log Book | Investing Journal | TRADING JOURNAL | Investor Notebook | Journal For Financial Freedom | Real Estate Notebook | Stock, Dividends | 120 pages lined
Avoid bogus trading systems, learn from a real day trader, and make consistent profits day trading stocks Day Trading Stocks the Wall Street Way: A Proprietary Disclosure on Intra-Day Trading and Swing Trading Equities provides a real-world guide to successful day trading, and gives you the tools, techniques, and tested, reliable methods you need to…
Day trading is difficult. The path is fraught with risk. But a pot of gold awaits those who learn their lessons well. After four decades in the markets as a trader, analyst, author, educator, and system developer, Jacob Bernstein sets down a comprehensive guide to the art of day trading.You will learn:New day trading methodsOrder…
Are you eager to start investing but scared of putting your hard-earned cash in investment tools that you do not fully understand? Are you looking for a straightforward no BS guide to money management that you can implement ASAP? Have you ever wondered if you’ve saved enough for a comfortable retirement? Then you need to…
The go-to guide for launching a lucrative career in trading―fully updated for today’s turbulent marketsOne of today’s most successful traders, John F. Carter has made his popular guide more relevant and effective than ever. This new edition of Mastering the Trade includes the essential content that has made it a bestselling classic, and includes critical…
★★BONUS★★: Buy a paperback copy of this book NOW and the Kindle version will be available to you Absolutely FREEHave you been looking for a way to maximize your profits while decreasing your time spent actually earning those profits? Are you tired of every passive income opportunity requiring a massive amount of energy to get…
