How Day Trading Works
There are so many advertisements out there by supposedly successful day traders selling their courses. In the ads you always see their penthouses, luxury cars and them sitting with a laptop on a beautiful sand beach. It all seems so easy and all you have to do is buy their course.
It is time to stop living in the clouds and actually find out how day trading works.
What is Day Trading
In the article Day trading — the basics you can read that when you purchase a stock and sell it the same day you are day trading. Day traders use fluctuations in the stock market to turn a profit. Commonly day traders buy many stocks and sell many stocks every day. Their decisions are always based on their experiences while trading and their knowledge about the stock market.
Traders can trade stocks from different countries, exchange traded funds and stock options. There is no amount of money required to start day trading. However there are brokerages called discount brokerages and they can choose to set their own trading minimums and requirements for margin.
Day Trading Strategies
There are several day trading strategies to consider using before starting out. Having a strategy for trading is crucial to be successful. Jumping into anything without having a plan of action…
