How do I get started in day trading?

Answer 1

I think the best way to day trade is to just focus on a few stocks. Read everything you can about the stocks. Watch the price movements of the stocks for a few months, at least. Then you slowly get an idea of when the stock is oversold or overbought.

I would think you would need $10,000 minimum. You pay a lot of commissions when you trade alot. Scottrade is a good place to open an online account.

For investment ideas and to practice your day trading, check out http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 2

Firstly I suggest you to read those books and everything became clear to you.
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill Williams;
New Trading Dimensions by Bill Williams

GOOD LUCK!

Answer 3

Getting started such as having money to open an account is simple, you just go to any brokerage firm and open an account just like a bank account. Now, to be a successful day trader you should really know and understand technical analysis and have experience in reading charts. I would suggest you to learn about these techniques from a professional before investing.

Answer 4

Getting started: step by step

While this subject may seem trivial to most experienced investors, I often hear people asking what they need to do in order to start trading stocks. If you are new to the stock market or are just wondering how to get started, here is what you will need to do:

read more at http://ibooyah.com

Answer 5

easy answer...unless you have a computer program that trades for you, don't even bother. I worked at an equity trading firm for years and 80% of the accounts never made money.

Answer 6

You could start by visiting http://www.4xmoneytrain.com
A revolutionary software does 95% of the work for you with no guess work.

Answer 7

For more answers check out my website, become a member for free
http://matt12345.17.forumer.com/index.php
Good luck

Answer 8

Don't.