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 Ortega, Basil Massy, Bert Click Buy Now for Updated Price. Estimated Price: $12.99 Click Buy Now for Updated Price. Estimated Price: 12.99 Buy Now %%item_customer_reviews%%
Description There are a lot of great investment options that you can choose. Some people like to work in real estate, some like to put the money into their retirement plan, and still, others are fans of starting their own business. Most of these will take some time and effort to get done though. If…
Day Trading log book this journal is a perfect way to note and memorize your strategies of trading, you can give it as a gift, it presents the personality of a trader.use it and feel real emotions in your work or your studyincludes:121 pages with space and tables to write entry, exit, stop loss, profit…..large…
Buy Now J.C., Elle Click Buy Now for Updated Price. Estimated Price: $19.99 Click Buy Now for Updated Price. Estimated Price: 19.99 Buy Now %%item_customer_reviews%%
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…
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…
Buy Now Russell, Matthew Ray Click Buy Now for Updated Price. Estimated Price: $14.97 Click Buy Now for Updated Price. Estimated Price: 14.97 Buy Now %%item_customer_reviews%% Originally posted 2021-01-18 13:58:58….
Understand how day trading works—and get an action plan Due to the fluctuating economy, trade wars, and new tax laws, the risks and opportunities for day traders are changing. Now, more than ever, trading can be intimidating due to the different methods and strategies of traders on Wall Street. Day Trading For Dummies provides anyone interested…
You’re interested in the stock market, but don’t know where to start?You’re looking for specific techniques and tools that can help you achieve real results?You’re finally ready to start building your own wealth?Then keep on reading, this book is for you!Successful day trading is a journey, not a destination. In this journey, you’re going to…
This book includes 3 manuscripts with over 100 proven trading tactics. This book covers the beginner’s as well as the advanced trader. There are a lot of great investment options that you can choose. Some people like to work in real estate, some like to put the money into their retirement plan, and still, others…
