How to become a day trader Business Реклама Recent Posts « » How to become a day trader September 13th, 2011 | Author: admin How To Become A Day Trader

How to learn day trading
Day trading is the buying and selling of assorted financial instruments, such as futures, options, currencies, and stocks, with the target of earning a profit from the difference between the buying price and the selling price . Day trading differs slightly from other styles of trading in that positions are rarely ( if ever ) held overnight or when the market being traded is closed.
Day trading was originally only available to financial corporations ( like banks ), because only they had access to the exchanges and market data. But with recent technology like the Net, individual traders now have direct access to the same exchanges and market data, and can make the same trades at very lower cost. here are several different styles of day trading, suited to different day trader personalities. Most day trading systems have a lot of flexibility, and can have open positions for anywhere from 1 or 2 minutes to a couple of hours, relying upon how the trade is doing ( whether it is in profit ).
Day trading also has differing kinds of trade, like trend trades, counter-trend trades, and ranging trades. Trend trades are trades in the direction of the present price movement ( i.e. Purchasing if the price is moving up ), and counter-trend trades are trades against the direction of the current price movement ( i.e. Selling if the price is moving up ). Most day traders will choose a single sort of trade, but some traders will take differing types, and choose which one to trade relying upon the current condition of the market.

in addition to the style and kind of day trading, there are more variances between day traders. Some day traders like to make many trades throughout the trading day, while others like to wait for what they consider the best conditions for their trade, and perhaps only make one trade each day. However many trades are made, the trading process that’s used, and the desired goal of earning a profit, are the same.
Markets

There are many various finance instruments, or markets, that can be day traded, and they’re offered by assorted exchanges throughout the globe. The main types of day trading markets are futures, options, currencies, and stock markets. Within these types, there are groups of markets based on stock indexes ( such as the Dow, and the DAX ), forex rates ( such as the EU Dollar to US Dollar exchange rate ), and commodities ( such as gold, and oil ). Day traders can have access to all the exchanges and their markets through direct access brokers, so called because they offer direct accessibility to the exchange, which provides quicker trade execution at lower cost. More info about the available markets can be discovered in the article Which Markets can be Day Traded?, and details of the most popular day trading markets are available in the Market Profiles class.

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