2007-07-12 11:37:47 · 3 answers · asked by mmoroles 1 in Business & Finance ➔ Investing
first of all to be a day trader you MUST HAVE $25,000 in your account.
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2007-07-12 17:34:12 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Open a brokerage account. I use Charles Schwab's "Street Smart Pro" it give you real tile charts and NASDAQ Super Montage (Level II quotes). Day trading just means a trader who closes out his positions before the end of the day and doesn't hold them overnight. Did I mention SSPro is FREE. They do want you to make 10 trades a month, but that's no problem. I've never gotten anybody to explain what the $1000's of dollars that some places charge is for, besides a commission for the salesman who signed you up.
2007-07-12 19:16:15 · answer #2 · answered by Ted 7 · 1⤊ 0⤋
It is pretty easy - just open an online trading account - I like Scottrade.com. You might want to create a "practice" portfolio at http://www.top10traders - it's free - the site ranks the best performing traders at the end of each month. Once you are comfortable with your trading skills, then you can start investing real money. good luck.
2007-07-12 20:07:28 · answer #3 · answered by Anonymous · 0⤊ 0⤋