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.
Day trading, or intraday trading, is a method that works just like it sounds: you enter a trade involving one or more stocks (or another security) and exit the trade — which you’ve only held onto for seconds, minutes, or hours — by the end of the day. The plan is to make a trade…
The Go-To Guide for Day Trading the New Micro Stock Index Futures These four new Micro Futures Stock Index futures are 1/10th the size and risk than ever before. For the first time in history, the home investor can afford to trade the same contracts that fund managers and the wealthy have used since 1982. The…
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Build a Day Trading Strategy that Delivers. Want to Make Money From Stocks? Day Trading for a Living will show you five proven expert trading systems, help you understand the psychology behind successful trading and introduce you to the world of Forex.Inside you will discover:How to recognise trading patterns and become the winning 10% of investors5 Proven expert…
Ever wished that you could make $200/day in the stock market? Ready to learn a simple day trading strategy that actually works?”Day Trading Made Easy” will teach you the powerful “Day Sniper” trading strategy.You will learn exactly when to buy a stock, when to take profits, and when to exit a losing trade.Very few careers…
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No doubt you will have seen or heard about the fervour that surrounded cryptocurrencies in 2017, and many of you may have dismissed them as a legitimate asset class; many may have felt a quiet interest but a looming fear; others undoubtedly felt drawn towards the allure of cryptocurrencies and altcoins (and any of the…
Over 30,000 online investors daily flock to pristine.com, the top-rated Website run by day trading legends Oliver Velez and Greg Capra, for up-to-the-minute strategies and market commentaries. In Tools and Tactics for the Master Day Trader, Velez and Capra revisit and completely update over 100 of their daily commentaries from the past four years, with…
Have you ever asked yourself why 90% of traders and investors lose money consistently? Have you ever asked yourself where their money goes?Exactly! Into the pockets of well-informed people!!Imagine how your life would change, if you knew that you were on the proven path to wealth.Keep reading to give yourself a chance to start building…
