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jhon mark
Joined: Nov 17, 2009
Posts: 3 (view all)
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Age: 24
Country: Canada
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What is Day trading
November 18, 2009 - 10:25 AM
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What is Day Trading?
Day trading (and trading in general) is the buying and selling of various financial instruments, such as futures, options, currencies, and stocks, with the goal of making a profit from the difference between the buying price and the selling price. Day trading differs slightly from other styles of trading in that positions are rarely (if ever) held overnight or when the market being traded is closed.
Day trading was originally only available to financial companies (such as banks), because only they had access to the exchanges and market data. But with recent technology such as the Internet, individual traders now have direct access to the same exchanges and market data, and can make the same trades at very low cost.
Characteristics of a Day Trader
• Knowledge and Experience in the Marketplace
Individuals who attempt to day trade without an understanding of market fundamentals often end up losing money.
• Sufficient Capital
One cannot expect to make money day trading. Day traders use only risk capital, which they can afford to lose. Not only does this protect them from financial ruin, but it also helps eliminate emotion from their trading. A large amount of capital is often necessary to capitalize effectively on intra-day price movements.
• A Strategy
A trader needs an edge over the rest of the market. There are several different strategies that day traders utilize, including: swing trading, arbitrage as well as trading news, among others. These strategies are refined until they produce consistent profits and effectively limit losses.
• Discipline
A profitable strategy is useless without discipline. Many day traders end up losing a lot of money because they fail to make trades that meet their own criteria. As they say, “Plan the trade and trade the plan.” Success is impossible without discipline.
To know more and to access some useful articles of Trading visit us:
Fortunate Management The Stock Exchange Analysts www.fortunatemanagement.com
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Kate23
Joined: Oct 28, 2009
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Gender & Age: Female, 38
Country: United States
Province/State: North Carolina
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Re: What is Day trading
November 19, 2009 - 12:56 AM
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Thank you for this informative post. Appreciate it.
------
Kate
MedifastHealth.org
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Elaine Cohen
Joined: Oct 23, 2009
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Re: What is Day trading
November 26, 2009 - 01:04 PM
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Hello
I was so happy to see your post.
It seems as a young person, you undertand economics, which to my mind
Drives the world!
Now my post is off topic, as I understand the Bull Ring,
in my own small way.
But what I have seen printed
is that over 75% of Canadians, are embarrased about out role in the upcoming Summit.
Because they have Economics Troubles, the lack of the funds needed to run their homes in Canada,
This Money issue has gotten them so off course, they worry about makeing the bills today, as an immedate need!
While we are being sold off as Cheep resources, and do not see that this is a Danger to our Country.
In the long term usage.
I feel this is rues, like the shell game
been Canadian, we are being asked to watch the Wrong Shell, as Economics is at the Heart of Envorment As Well.
As you understand Economics,
and a young person in Canada,
What would an safe econmic, platform look like, to deal with the Money Crunch Canadians find themselves in.
In terms of Trading,
for it drives the world,
and to mind, giving away things we should be paid
and should be guarding for Future Prosperity, and Economic Stabilty
I know it is VERY off Topic,
But Canada is in a Unque Economic,
and Envorenmental Crisis!! Ah!
To the Future
Love
E
This post was edited on: 2009-11-26 at 01:10 PM by: Edenstory
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