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.
Do you want to be a day trader?Every day, millions of dollars change hands in the markets, presenting the perfect opportunity for people just like you to make significant money and profits through the art of day trading.But here’s the question: is day trading right for you? And, if it is, how do you get…
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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…
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…
The Truth About Day Trading Stocks A realistic guide to day trading today’s stock market In terms of the potential for heavy financial losses, day trading is a high-risk profession. No one should contemplate day trading without giving thought to the ways he can lose, and all the ways to lessen or avoid them. Yet…
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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
Mens Bulls and Bears Investing Trader Gift – This perfect day trading stock market tee makes a great Christmas or birthday gift for any stock trader interested in real estate, crypto, stocks, or bitcoin whether they are bearish or bullish!Lucky funny market trader gift for both men and women alike will make anyone trader, broker…
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