Is Day Trading For You?
Many ordinary people are day trading from the comfort of their homes. Most of them fail. Not more than 10% succeed at day trading. Is day trading for you? Day trading is a great option for the right person in the right circumstances.
One thing must be clear from the very start; day trading is not a hobby. Day trading is a job; full time or part time. You need to take it as a job if you want to try day trading.
To be successful at day trading, think that you own a small business. Think that you are the boss and you call the shots. You need a lot of discipline in day trading.
Every days successes and failures are only due to you. You are responsible. So, if you want to be independent and control your destiny than day trading is for you.
All you need is a computer, a good internet connection and an account with a brokerage firm. Day traders use software to develop and refine their trading strategies. So, if you are comfortable with technology, day trading is for you.
Good day traders have always been fascinated with the financial markets and how they move. Financial markets are amazing. If you have been enjoying watching CNBC for years than day trading is for you.
However, if you have never opened a brokerage account never purchased stocks or never invested in mutual funds than day trading is not for you. You will require prior investing experience to succeed with day trading.
Day trading can give you loss. If you can learn trading systems, strategies and money management principles than day trading is for you.
If you are a decisive and a persistent personality in everyday life and you can afford to commit to your trading daily than day trading is for you.
Day trading is stressful. Markets gyrate with news events that no one can foresee beforehand. Markets are ruthless. If you are psychologically strong and know you strengths and weaknesses than day trading is for you. Forex markets are best for day traders. - 23210
One thing must be clear from the very start; day trading is not a hobby. Day trading is a job; full time or part time. You need to take it as a job if you want to try day trading.
To be successful at day trading, think that you own a small business. Think that you are the boss and you call the shots. You need a lot of discipline in day trading.
Every days successes and failures are only due to you. You are responsible. So, if you want to be independent and control your destiny than day trading is for you.
All you need is a computer, a good internet connection and an account with a brokerage firm. Day traders use software to develop and refine their trading strategies. So, if you are comfortable with technology, day trading is for you.
Good day traders have always been fascinated with the financial markets and how they move. Financial markets are amazing. If you have been enjoying watching CNBC for years than day trading is for you.
However, if you have never opened a brokerage account never purchased stocks or never invested in mutual funds than day trading is not for you. You will require prior investing experience to succeed with day trading.
Day trading can give you loss. If you can learn trading systems, strategies and money management principles than day trading is for you.
If you are a decisive and a persistent personality in everyday life and you can afford to commit to your trading daily than day trading is for you.
Day trading is stressful. Markets gyrate with news events that no one can foresee beforehand. Markets are ruthless. If you are psychologically strong and know you strengths and weaknesses than day trading is for you. Forex markets are best for day traders. - 23210
About the Author:
Mr. Ahmad Hassam has done Masters from Harvard University. He is interested in day trading; stocks and forex. Read about Trend Forex System. Best Forex Signal Service. Learn Forex Trading.
posted by X - Men @ 2:15 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home