Similar in some respects to the CFD, spread betting can be done on a large number of stocks, and major Stock Indexes such as the FTSE 100 Index, or Dow Jones Index, or the S&P 500 index, etc.
The Daily Journey Of A Day Trader – What Prompted Me To Trade Shares For A Living
Having first dabbled in shares in about 1994 as a way of bettering my C&G savings account, I knew I could do it and would find it interesting (made 24% in year one and 20.4% year two, using only teletext, Investors Chronicle and no computer).
How To Become A Day Trader
Like all businesses, day trading can be extremely lucrative. I suppose that is the reason why so many people want to become day traders. However, the risks are equally great and it is important to know what it takes to become a day trader.
An Introduction To Day Trading
Many people often get confused by the financial terms such as currency, forex exchange, trading etc. ItÂ’s a big complex financial world and one of the new trading concepts is day trading.
The advantages of day trading
Historically, stock trading has been the domain of professional traders. Trading has been in essence a “private club” with restricted access. Day trading has changed that. For the first time, amateur traders have the tools (real time quotes and order execution) to compete with the professionals.
What’s day trading?
Day trading consists of the direct opening and closing of stock positions with major stock exchanges, either using a computer on the trading floor of a branch office of a day trading firm, or using one’s home or business computer to access an internet broker. The keyword in this definition is direct. In day trading, a trader has direct electronic access to NASDAQ market maker or NYSE specialists.
A Few Tips For Day Trading the Stock Market
Day trading the stock market involves the rapid buying and selling of stocks on a day-to-day basis. This technique is used to secure quick profits from the constant changes in stock values, minute to minute, second to second. It is rare that a day trader will remain in a trade over the course of a night into the next day. These trades are entered and exited in a matter of minutes.
Day trader Versus Investor
The day trader’s ultimate objective is to trade expensive and volatile stocks on the NASDAQ and NYSE markets in in increments of 1,000 shares or more, and profit from the small intra-day price movement. The day trader may make many trades in a single day, holding onto stocks for only a few minutes (or hours), and almost never overnight. Day traders are short-term price speculators. They are not investors, and they are not gamblers.
Psychology Of The Winning Trader
A look into the mind of the trader. What causes most people to loose money trading? How can we transform a loosing trader into a consistently profitable trader?