I am interested in getting into Day Trading, please tell me how to go about getting started?

Answer 1

Day Trading is not as difficult as many people want you to think. In order to succeed with Day Trading you MUST know the three "secrets". Actually, they are not really "secret", but since many traders don't seem to know them I call them secrets.

So let’s talk about these secrets. The Secrets to Trading Success are universal. They apply to every market, whether you are trading stocks, futures, option or forex. And they apply to every timeframe, that’s why they are so powerful. And they are so simple that you will wonder why you wasted so much time and money on all the other “stuff”, on complicated formulas, indicators and systems.

So here they are: The Three Secrets to Trading Success

* “Secret 1”: Trading in the right direction
Buy when the market is going up and
Sell when the market is going down. That’s how money is made.

* “Secret 2”: Always know when to exit
Know when to exit with a profit,
and know when to exit with a loss.

* “Secret 3”: Trade the right market
The right market to trade is a trending market.
As you know, money is made in trends, whether up or down, so you dramatically increase your chances of making money with trading if you trade a trending market.

Sounds too simple?

Well, there are a few things you need to learn:

* You need to learn how to determine whether the market is going up or down.
* You need to learn when to exit a trade; when to take a profit and when to bail if the market is not moving in your favor
* And you need to learn how to find the right market

And you need to know how to avoid the seven mistakes that traders make and that cause them to lose a lot of money.

Oups... this is getting too long. Keep reading here:
http://www.rockwelltrading.com
(Scroll down to "The Three Secrets to Trading Success")

Answer 2

Finding the stocks that are almost daily volatile is the key. I just started this within the past month and am up 20%. I have been watching another stock that has a 20-50% swing on it almost weekly and am waiting for it to come back down to buy. I like this investing/trading gig !

Answer 3

Hi
doing day trading requires at least 1 year of exposure
to stock market and also it depends on which segment you want to do day trading either in future or cash market.
Be care because you are putting hard earned money.
before jumping you should make your mind to take
loss as you take profit.
become ing long term investor is the only way
to earn money (at least 1 month).
best of luck.

Answer 4

sign up with a broker.
buy large amount of share of stocks that you researched heavily.
the more your able to buy the better.
sell when you can make a profit. (commisions are expenses.)

You buy 100 shares of stocks with a commison price of 7. You have to wait to be able to make above 14 dollars to get a profit. 7 dollars for buy the stock 7 dollars for seling. That means you dont make a profit til that stock rises 15 cents. and at that its only a 1 dollar profit. I guess if you could do this enough in one day such as 50 times, you just made 50 dollars.

The more shares your able to buy of one stock the easier it is to do this.

Answer 5

first of all u need some capital for it , and then u can open a demat account with sharekhan then their representative will help u out.


pls visit this website www.sharekhan.com

Answer 6

This is a risky move. You MUST learn about stocks. You must learn what to buy, when to buy, and when to sell.