A beginners' resource and information site on day trading.

People generally have the impression that day trading is a fast-paced activity. As the name would suggest, traders buy stocks and sell them for profit on the same day.

It does sound exciting-- trading that's built for speed. The information that is required for successful trades is obviously vital but the timing is even more critical. Fortunately there are tools for day traders that provide them information about the hot stocks to trade in a speedy manner.    Continue reading ...

Remember the scene from Oriental martial arts movies where the student learns that the master doesn't always teach all the moves? In other words, the master doesn't share all his secrets.

Your broker may not be your master, but the broker may not also be in a sharing mood all the time. It's always good to know what your broker is doing and why he's doing that.    Continue reading ...

It's not uncommon for beginners to just sit around and just wonder how good the last trade went. The truth is, most of them cannot tell. But if the trade was made with confidence, you can pretty much be assured that the trade was a good one.    Continue reading ...

Day trading is the buying and selling of certain stocks within a single day. This is a rather "modern" technique of trading although it's been around for about thirty-seven years or so.

All positions are closed usually before the close of trading day because the main goal is basically to be able to profit from the difference between prices for buying and selling. Such a practice makes it highly speculative. Therefore it is no surprise that more than 70% of day traders lose money.

It is important to understand the risks involved in day trading before deciding to take the plunge.    Continue reading ...

Timing is everything, and that saying could not be more true when it comes to making money in stock investments. There is this rather ugly part of human nature that wants to hold on to things for the sake of squeezing every ounce of usefulness out that particular thing.

Same can be said of stock investors. The reason why many people do not make money at all is because they hold on their stocks too long.

Setting your financial goals and the willingness to stick to them can easily spell the difference between making money in the market or missing the boat.    Continue reading ...

Remember the times when you were told to master your three R's--Reading, wRiting and aRithmetic. Mastering them leads to literacy, the older folks would say.

The dictionary defines literacy as "the quality or state of being literate, especially the ability to read and write" or "a person's knowledge of a particular subject or field".

So if literacy means a person's knowledge of a particular subject, do trading beginner ever ask themselves how financially literate they are?    Continue reading ...

The phrase "diversifying your portfolio" is often thrown around by stock traders when explaining strategies to those who are about to get their feet wet in investments. Some folks merely nod their heads as the trader continues with even more technical jargon without truly understanding what the explanation was all about.

Portfolio diversification is basically a trading strategy meant to minimize your risks. The higher the risks, the more the potential for losses. This is basically a non-technical way of saying "do not put all your eggs in one basket".    Continue reading ...

As you can probably tell from our articles here that we often emphasize the use of news, information and data when trading. Having the information at your fingertips can easily spell the difference between making a profit and throwing your money away.

With information so freely available through the internet and cable television, it's a wonder why statistics like "70% of all day traders fail" still exist. The truth is, there is good information and there is wrong information. For beginners, it is quite important for you to be able to discern them.    Continue reading ...