"how can i begin day trading?"?

Answer 1

Georgia did a study of day trading by Georgia citizens. Ninety percent of Georgia day traders lost 100% of their money, only one percent were profitable. If you lack the skills and have to ask here, DO NOT DO IT.

80% of drivers believe they are above average, even though only half are.

Answer 2

I will begin day trading full time the week of September 2nd. I have been very succesful with it when i've done it part time. The money that i funded my account with is not money that i use for daily living expenses, in other words, i can afford to lose it.

Depending on what you're daytrading you will need to meet certain funding limits. When daytrading stocks and ETFs you will need $25,000 which is the amount regulated by the SEC. for daytrading futures or forex that amount is much lower.

I will tell you that unless you are very educated in the market it will eat you alive, with that said there is the oppurtunity to make some serious cash at the comfort of your own home.

Please take the time to read up on daytrading books and watch the market every day before you ever think of placing a trade.

Also when i say that you should take time to watch the market before placing a trade i mean it. I watched the market every single day for a year before i ever placed my first intraday trade.

good luck

Answer 3

Beginner traders often fantasize or wonder about how some people are able to achieve tremendous profits by trading stocks just a few hours on a daily or weekly basis.

So going beyond the hype & the bells and whistles that a lot of the so called "trading gurus" like to invoke, the real "secrets" of the stock market game are enclosed within the trading set ups and market signals you rely on to decide how to CHOOSE stocks, as well as WHEN to BUY & when to SELL them, or even when to SHORT SELL those that are poise for a profitable fall.

So the clearer your set ups are, the faster you can spot a potentially profitable trading scenario and ACT ON IT reducing your risk.

Complicated technical systems and information overload can make you slow and confuse you right from the start, making you loose money instead of making your profits grow.

In essence, You can be sure that the trading method you employ to approach the stock market and pick stocks can make a big difference in your results as a trader. In order to succeed you will need to FOCUS on a set of simple trading strategies that you can implement without hesitation.


Fortunately some sites on the web do offer more effective and updated day trading methodologies. One of those sites that can show you how to take advantage of certain stocks on positive and negative momentum as well is http://www.StressFreeTraders.com

They focus on stock trading strategies, that are practical and easier to apply than many other technical systems out there.

Stock trading doesn't have to be complicated as many people perceive. But you do need to follow a well organized set of strategies and tactics, that once you master them, you can aspire to replicate profitable trades with consistency.

Answer 4

Open an account with an online brokerage company like Schwab or Etrade. (They all have many tools to help) Fund your account, and start trading. Dangerous idea, but if you have the smarts, then it can be a good job.

Answer 5

unless you have tons of money in savings, with a variety of types of investment vehicles that you will not touch for this venture, day trading is incredibly risky, especially with the current unstable market - you could lose all your investment very quickly if you don't know what you're doing