day trading for dummys... can someone explain how it works or what to do?

Answer 1

The act of buying and selling stocks in a single day (day trading) requires large amounts of leverage from the buyer to take advantage of small fluctuations in the price of stocks or indexes. Leverage means money, and this may be obtained through credit (loans) or, if you are lucky, a financial institution. For the average investor day trading represents too great a risk, and yet for those willing to take the gamble, the rewards can be considerable.
A day trader traditionally examines a stock for two qualities: Liquidity and volatility. Liquidity means that you can enter and exit a stock at a good price (i.e. when you look at its price it is low, but you expect it to make gains throughout the day). And volatility refers to the price range that the stock is expected to achieve. A day trader will look for stocks he/she believes will make gains in the space of just a day.
Once the stock has been identified the trader requires an entry point, or the best time to buy. There are many different methods for ascertaining this point, but here are a couple of suggestions:
1. A spike in volume can mean that other investors are purchasing the share at its current price, meaning they are confirming that it is currently at a good price.
2. Previous days highs and lows can also demonstrate the best time to purchase the shares.
Investor also have a number of methods for knowing when to sell their stocks to maximize profit and reduce the risks. Scalping is the most popular method, where shares are sold almost immediately upon making a profit. Profits are not always huge, but risk is minimal. Daily pivots is another very popular method and involves judging when the high of the day (HOD) has been reached and selling at that point. Other strategies are to sell shares as they reach a high, and then as they drop back down buy more with the expectation that they will be bought again and the gain in volume will increase the price (this is known as fading).
To minimize risk day traders nearly always employ a stop-loss limit. This limit is placed at the maximum amount you are willing to lose and sells your shares at that point, and doesn't allow you to go further. This can done as either a mental limit, or one you programme into your system.
The reality of day trading is that around 80% of traders lose money, with few making profits in their first few years (see: www.investopaedia.com). And over half of those that attempt it will fail. But with some of the techniques described above and a commitment to evaluating your performance and limiting losses profits can be achieved, and for a few they can be exceptionally large.

Answer 2

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Answer 3

2

Answer 4

Day Trading Explained

Answer 5

Binary options let users trade in currency pairs and stocks for various predetermined time-periods, minimal of which is 30 seconds. Executing trades is straightforward. The system uses user-friendly interfaces, which even an 8 years old kid, can operate without having to read any instructions. But winning trades is Not easy.
Binary trading is advertised as the only genuine system that lets users earn preposterous amounts of money in ridiculously short period of time. Advertisers try to implicate as if you can make $350 every 60 seconds; if it was true then binary trading would truly be an astonishing business.
However, does it make any sense? Can every trader make tons of money in binary trading? Who is actually paying all the money or the profit to traders?
The first challenge is finding a trustworthy binary broker; secondly, you need to find a binary trading strategy, which you can use to make profits consistently. Without an effective trading strategy, there is no way you can make money in this business.
Learning a profitable trading strategy is possible, You should watch this presentation video https://tr.im/4f450
It's probably the best way to learn how to win with binary option

Answer 6

For the best answers, search on this site https://shorturl.im/aximP

Great for beginners: Currency Trading for Dummies by Brian Dolan There are plenty of free articles, ebooks, ecourses and websites that are designed to help beginners learn the basics. Some of my favorite books: Come Into My Trading Room by by Alexander Elder Trading for a Living by Alexander Elder

Answer 7

I suppose the easy way is this:
(1) Determine how much you want to risk today (hopefully a small fraction of what you have available)
(2) Check the most active and top gainers at 8:30 am and 9:30 am
(3) Note the ones that are still on the list and preferrably have gained ground--these you buy (again, within your riskable funds amount)
(4) Check the most active and top gainers at 1:30 pm and 2:30 pm, then compare to your purchases.
(5) Sell the losers and let the winners ride--assuming that their price appreciation slope is still positive, otherwise you are properly getting out when the getting is good.
(6) Even if you had a winning day, you conclude with an accounting of your profits to the amount you risked and ask yourself "Now why am I doing this?"

Answer 8

This penny stock service has years of proven experience. Ultimately it is the best service for beginners to use https://tr.im/Gfvog
You will have to wait between 3 and 10 days to get into the system in most cases. When I signed up it took 8 days. I wished it was faster, but if you can wait a week or two to start earn life changing money than you will have what it takes to make it in this business.

Answer 9

In binary options you will have the possibility to predict the movement of various assets such as stocks, currency pairs, commodities and indices. Learn how you can make money trading binary options https://tinyurl.im/aH4x4 An option has only two outcomes (hence the name "binary" options). This is because the value of an asset can only go up or down during a given time frame. Your task will be to predict if the value of an asset with either go up or down during a certain amount of time.

Answer 10

Day trading is, simply put, making daily trades. You might even sell a stock the same day you buy it. You might sell short one day and buy it back the same day. The key is to ignore the long-term fundamentals of the company and look for market pressure. Typical idea...When you see something down on bad news, buy it before it rebounds. You see something inflated on good news, sell it short and buy it back after it cools off. To do this, all you really need is a trading account and a subscription to continuous real-time market information.