Day Trading For Beginners

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 ...

Remember the saying "a fool and his money are soon parted"? This seems to be the theme when it comes to day trading beginners. Just do a search for day trading losses in your favorite search engine and sure enough, the statistics are mind-boggling.

Most of the search results will show that a staggering 70-90% of day traders lose money. Those kinds of statistics are almost equivalent to the ones that measure the number of people who lose money when gambling. So is it fair to say that day trading is like gambling?    Continue reading ...

Telling it as it is!!!!!

Trading is not for everyone, you can lose lots of money trading and trading can make you lots of money, if you plan, study and work hard.

The appeal of day-trading and its overwhelming popularity of late stems from its easy accessibility, and promises of easy money.

Trading is a game of probabilities and at any given point in time a move may happen out of nowhere that was totally unforeseeable.

There are few jobs at which it is more difficult to make a living than trading!

Estimates are that 80% to 90% of all those who begin trading today will lose their trading capital within the next 12 months.    Continue reading ...

Day trading has been a lucrative industry in the last eight to ten years or so. This is especially true in the United States. Although the American economy has gone through up's and down's during that span, the U.S. dollar has been particularly resilient. This is the allure of the dollar to investors from all over the world. It is unquestionably the "safe haven" currency.

Economic realities are a function of the stock market. When the economy is sluggish, chances are companies also feel the strain. But the trend in the last ten years has been that even if the stocks suffer a slide, it usually comes back strong in a matter of a few weeks. To be able to trade successfully in the market, one needs a sharp nose for these kind of things. If you don't, then you should consider hiring a broker or even a coach or else you end up very dead in the water.    Continue reading ...