how to start day trading?

Answer 1

Here is a good place to start.

http://www.forex.com/forex_demo_landing.html?src=Overtureforex_trading_system

Odds are against you being successful.

Answer 2

before you or anyone begins a trading activity, i STRONGLY recommend discovering what the key levers are that make such an activity profitable.

Trading is an activity in which you bet that you know more than, or can recognize patterns more quickly than, the other people who are out there trading. When you start, I guarantee that virtually all of them will have more experience than you will and will make fewer mistakes. So you'll likely begin by losing.

For myself, I've been studying markets and trading for near ten years. In that time, I've found a few sources of what looks like unbiased information.

In particular, I like the work of Van Tharp, Ph.D. Van is a psychologist who has dedicated his career to studying successful traders and what makes them successful. [He uses Neuro-Linguistic Programming and other professional methods. Since I recognize some of the methods and also have skill with them, I have a high degree of confidence in their effectiveness.]

See Van's website at http://iitm.com/
{For the record, I am a customer of Van's. I do NOT have any financial interest in his operation nor will I receive any consideration of any kind should you buy or not buy any of his products.}

From his studies, Van estimates the contributors to trading success as 60% the psychology of the trader, 30% money management [he has a very good book which includes this in its material], and 10% for everything else [that means 1/10th of the result comes from your plan, your entries, your software, your exits, your training, your trading systems, and so on].

My bet is that you've nearly fallen into the clutches of some outfit that tells you day trading is easy and very profitable.

It is a near certainty that this outfit has no idea if you are psychologically well suited to day trading. Their approach to finding that out is to recruit 100 new day traders and profitably watch as 98 of them lose some, all, or more than all of their trading capital within the first two years. [There are even some 'bucket shops' out there -- firms that 'bucket' or throw away all of your trades. They are so confident that most new traders will lose and lose big that they take the other end of every trade you make while charging you a commission to get in and out each time. With 98% odds in their favor, it is a time tested profitable strategy.]

{The 98% statistic was estimated by Van around 1995 in some material that is no longer available.}


Any time you are going to go into competition with established pros, you'd better have a lot of learning and a solid plan behind you. Or else be prepared to lose a lot of money learning.

Answer 3

Hey,
I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

For more info: http://pennystocks.toptips.org
Cheers.

Answer 4

by do day trading courses first.

Answer 5

go to fidelity investments they have an active pro trader very good for this.