Lots of people don't really know the financial terms like currency, forex, trading, etc. The financial world can be complex, and day trading is one of the new trading concepts.
With day trading, you buy and sell securities, stock, and other financial investments within one trading day. It will cover a wide variety of financial products like stocks, currencies, forex, equity index, futures, and commodities.
The financial products bought must be sold at the end of a trading day.
Due to the short time period in which to buy and sell stocks, day trading is considered risky. You have to have enough capital to do day trading. You would need to purchase at least 1000 shares of a stock. Your capital will be expendable.
Day trading may be risky, but you get big rewards if you know how to do it. Many day traders never let themselves get emotional with any stock. They must know when to cut their losses when there is a need, and should be able to analyze the market trend.
A big advantage of day trading is the 50 to 1 intraday margin. That's means you are allowed to trade up to 50 times your initial capital.
What if you don't have capital? There are day trading currencies that you can try. Trading currencies requires less capital. A forex mini account can be opened for a few hundred dollars only.
The bad thing about day trading is that the stock market is only open for 8 hours daily. However for currency trading, the forex market is open 24/7. That means you can trade just about any time of the day.
Another day trading currencies advantage is that most day traders can get an intraday margin of 4. That means with the same capital, you can trade up to 4 times your capital. For example if you have a capital of $10,000, you can trade up to $40,000. This gives you more leverage in case you want to buy higher price currencies.
Day trading currencies are easier to monitor and predict then stocks because there are less of them, not to mention that there are less factors that influence the global forex market.
In day trading, you can lose big and win big in one day, so don't take that up until you get enough experience and knowledge in the stock or forex markets. Wise and quick decision making is needed as well as the usual stock research analysis, market analysis etc.
With day trading, you buy and sell securities, stock, and other financial investments within one trading day. It will cover a wide variety of financial products like stocks, currencies, forex, equity index, futures, and commodities.
The financial products bought must be sold at the end of a trading day.
Due to the short time period in which to buy and sell stocks, day trading is considered risky. You have to have enough capital to do day trading. You would need to purchase at least 1000 shares of a stock. Your capital will be expendable.
Day trading may be risky, but you get big rewards if you know how to do it. Many day traders never let themselves get emotional with any stock. They must know when to cut their losses when there is a need, and should be able to analyze the market trend.
A big advantage of day trading is the 50 to 1 intraday margin. That's means you are allowed to trade up to 50 times your initial capital.
What if you don't have capital? There are day trading currencies that you can try. Trading currencies requires less capital. A forex mini account can be opened for a few hundred dollars only.
The bad thing about day trading is that the stock market is only open for 8 hours daily. However for currency trading, the forex market is open 24/7. That means you can trade just about any time of the day.
Another day trading currencies advantage is that most day traders can get an intraday margin of 4. That means with the same capital, you can trade up to 4 times your capital. For example if you have a capital of $10,000, you can trade up to $40,000. This gives you more leverage in case you want to buy higher price currencies.
Day trading currencies are easier to monitor and predict then stocks because there are less of them, not to mention that there are less factors that influence the global forex market.
In day trading, you can lose big and win big in one day, so don't take that up until you get enough experience and knowledge in the stock or forex markets. Wise and quick decision making is needed as well as the usual stock research analysis, market analysis etc.
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