Overview of a Day Trader's Responsibility
A day trader is one who practices day trading. The definition of day trading implies that it is the act of rapidly selling or buying of stocks in one whole trading day. Day trading is a high risk investment with the hopes of gaining high profits over the seconds or minutes the trader owns a specific share before selling it. Day trading is being favored by online traders or casual traders (at home traders) because it is quick and challenging.
There are actually two types of a day trader one is the Institutional day trader and the other, the retail day trader. The Institutional day trader is one who trades for a financial institution. He is more like an employee of that company. He also makes use of sophisticated computers and trading software and peripherals in order to manage his work more effectively.
The Retail day trader is one who trade on his own accord and his own finances. He is the boss of his own game therefore is not answerable to anyone should he face losses in trading. The good thing about being a day trader is one gets to keep the profits for him and he can transform his home into his office, coming to work in his pajamas.
Coming from a retail day trader who has been in the business for almost 10 years there are advantages and disadvantages of being a retail day trader. One advantage is that people tend to do this for the wrong reason and that is because day trading is known to acquire quick profits in a matter of seconds. Day traders are also exposed to health related problems due to the longer hours of typing and staring at the computer screen for market rises.
Being a day trader is an ideal profession for anyone who wants to be his own boss and who would like to work from the comforts of his home. In this way, you get to be totally in control of your finances and be creative with it. You can easily manage your risks by setting boundaries on how much you are willing to work with. - 23210
There are actually two types of a day trader one is the Institutional day trader and the other, the retail day trader. The Institutional day trader is one who trades for a financial institution. He is more like an employee of that company. He also makes use of sophisticated computers and trading software and peripherals in order to manage his work more effectively.
The Retail day trader is one who trade on his own accord and his own finances. He is the boss of his own game therefore is not answerable to anyone should he face losses in trading. The good thing about being a day trader is one gets to keep the profits for him and he can transform his home into his office, coming to work in his pajamas.
Coming from a retail day trader who has been in the business for almost 10 years there are advantages and disadvantages of being a retail day trader. One advantage is that people tend to do this for the wrong reason and that is because day trading is known to acquire quick profits in a matter of seconds. Day traders are also exposed to health related problems due to the longer hours of typing and staring at the computer screen for market rises.
Being a day trader is an ideal profession for anyone who wants to be his own boss and who would like to work from the comforts of his home. In this way, you get to be totally in control of your finances and be creative with it. You can easily manage your risks by setting boundaries on how much you are willing to work with. - 23210
About the Author:
Mara Hernandez-Capili is a writer and a researcher on Business and Finance. Learn more on how to increase your financial I.Q. by learning about emini trading today. Start earning extra income by making your money work for you through the emini trading system. "Start your journey to financial freedom not tomorrow, not next week, but today.
posted by X - Men @ 2:44 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home