Is there any really good ones around?
http://digg.com/business_finance/Beginner_Guide_To_Online_Day_Trading
2006-12-07 01:24:57 · 7 answers · asked by AhTee 3 in Business & Finance ➔ Investing
There is no "best" guide to day trading. I would suggest the following:
http://www.virtualstockexchange.com/Game/Homepage.aspx
Just sign up and use "play money" or take $1,000 on paper and invest it how you see, paying attention to the quotes and see if you end up making money or not. Be honest with yourself, and if it works out, then you're good to go on the real thing.
The problem you're going to run into right away, however, is that unless you are a market maker (paying about $50/month for your trading account) you're going to run into problems buying or selling more than 3 times in a week span. There are laws that actually prohibit types of day trading.
Be sure to know what you're getting into before you do so.
If you're planning on daying trading as a living, don't expect to do it with $2,000 saved up. If you have $10,000 it's still probably not enough. $100,000 and you're sitting well enough to at least start.
2006-12-07 01:39:04 · answer #1 · answered by Nick W 2 · 0⤊ 0⤋
As stated by others above - if you are a beginner asking this question, you are probably going to lose money in day trading. Yow would be better off learning through the resources given before committing any of your money. One that I learned a lot from when I started was Investopedia.com. I am an intelligent person, but there really is a lot to the market, which no one understands 100%, even professionals who live, breath and eat this stuff. One last piece of advice - NEVER, under ANY circumstances borrow money to try to get into this. Margin borrowing is availabe to seasoned investors, and even then is very risky. At a beginner level, it should be considered totally off limits and out of the question.
2006-12-07 04:23:01 · answer #2 · answered by C 2 · 0⤊ 0⤋
hi there !! apart fro etrade etc..you should also try gnutrade trading platform. I sense that you are new to stock market and would like to suggest you learning center which will guide to learn what actually is stockmarket all about, how to trade the markets, how to analyze. you can read some good books on trading like... Day Trade Online Trading by Christopher A. A Beginner's Guide to Short-Term Trading... by Toni Turner High Probability trading by Marcel Link Study Guide for Come Into My Trading... by Alexander Elder The Complete Guide to Currency Trading.. by Jamaine Burrell The Five Rules for Successful StockMarket ... by Pat Dorsey
2016-05-23 03:25:09 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Since you are beginner then you should begin from reading those books:
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
It would be very useful as for beginner as for experienced trader who haven't read it yet.
Good luck!
2006-12-07 02:34:53 · answer #4 · answered by VP 3 · 0⤊ 0⤋
Most Day traders lose money. There is no "get rich quick" plan. It is very difficult to beat the best money managers in the world.
If you want the best guide... don't do it.
2006-12-07 01:33:48 · answer #5 · answered by MR MONEY 3 · 1⤊ 0⤋
1
2017-03-01 00:55:03 · answer #6 · answered by ? 3 · 0⤊ 0⤋
no
2006-12-07 01:43:14 · answer #7 · answered by Dixie A 1 · 0⤊ 0⤋