Day trading is the purchase and sale of a security within a day. This means that investors purchase securities and sell them within a single trading day. Why do they do this? Simple, to earn profits. Day trading requires a degree of expertise and knowledge of the market and industry, most day traders are well educated, know the intricacies of the market they trade in and are well funded. Day trading is prevalent mostly in the foreign exchange (FOREX) and stock markets because these markets in particular are well suited for day trading.
Basically day traders use their knowledge and experience to speculate the rise or fall in the value of securities they trade in, based on this judgment they take buying and selling decisions to make profits on small price movements. For example if the day traders know that a major car review magazine is going to publish a positive review on Tesla, then the day traders will speculate that this review will result in a rise in the stock price because more investors will want to invest in Tesla because of positive review, thus the day traders will buy the shares before the interview is published and sell the securities once the share prices spike.
Day traders know the intricacies of the market and thus scheduled news and announcements such as economic statistics, policy reveals, press briefings, earning reports etc which result in spikes in market are watched closely by the day traders because these spikes have the potential of giving them profits.
It’s easy to get caught up by the idea that you can make quick profits in the stock market, but day trading makes virtually no one rich. Research suggests that 99% of day traders fail to consistently make money and the vast majority lose money.
If you’re still interested in day trading, it’s important to follow some rules so you don’t get in over your head.
Here are some books on how to approach day trading.
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To invest successfully or trade in Stocks, Options, Forex, or even Mutual Funds, it is imperative to know AND understand price and market movements that can only be learned from Technical Analysis. You should NEVER attempt Trading or Investing without it!My 25 years experience has taught me that ‘every book on the market’ regarding Charting…
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This book shows a technical analysis of the five-minute EUR/USD chart using the ST Patterns Strategy. Consecutive work with all movements that occurred during working hours allowed for the initial deposit to increase by more than ten times in one month!This manual is intended for traders who have already studied the ST Strategy in the…
What is Day Trading? Are you a beginner and have no clue about day trading? Do you want to become rich? Read On.. The truth is.. Broadly defined as buying and selling the same security in a single day. Armed with a large amount of data, and an even larger bankroll, the best day traders take…
A comprehensive guide to day trading, with prescriptive information and actionable advice to help you achieve financial success.It may seem that day trading is only for savvy investors who know the ins and outs of the marketplace—but it doesn’t have to be. All it takes is the right information and staying on top of the…
Trading stocks, currencies, futures, and other financial contracts is not actually complicated and anybody can learn it in a relatively short time. This has been my daily experience for the past decade and even traders who have tried everything for years without success can make their first profits if the art of trading is explained…
Do you have a busy schedule? Do you need an extra source of income, or are you just in between jobs?If you replied yes to any of these questions, then keep reading.In this book we will tackle the hard topics that most of us shy away from, the topics majority of us have questions to but…
The book “Tips and Tricks to Learn All About Day Trading and To upscale Your Income” is a must-have day trading manual that contains the A-Z of day trading, the do’s and don’ts and rules, strategies, techniques and practical tips and advice for day traders. The book is resourceful, and the information contained in it…
Are you’re looking to change your financial situation and gain a second income without years of hard work or trial and error? Do you aspire to become a profitable trader, quit your job and gain financial freedom? Or are you already an investor and simply need a few pointers to help you boost your confidence…
