Day trading may seem like gambling to the starter investor. This is so because it involves a very high level of risk where analysis is done in a speedy pace.
From the start of the trading day up to the time the market closes down for the same day, day trading demands quick thinking, on-the-spot decision-making and rapid dealing out. The day trader cannot afford to linger or put off a trade because any time lag can make the difference between substantial profit and extensive loss.
Day trading is a type of direct access trading. It is especially popular to online traders who know the value of time. Using a computer and specialized software, the day trader can send orders to the market for real-time execution in just seconds.
The day trader does not need a stock broker. Day traders are their own brokers. The day trader can simply key in the stock symbol, press the appropriate function key, and buy or sell shares of stock on a major exchange. Without third-party intrusions, their order executions are prompt and affordable.
If you are starting out with day trading, then this book will prove to be a very excellent guide to help you grasp the overall picture of what day trading consists of. Additionally, this guide will run through the most essential parts of day trading that will generally direct you on what to do and show you the techniques of several winning day traders so you can develop your know-how. In the end you should be able to learn:
1. How to day trade basically
2. How to control the greatest amount of risk
3. How to make lots of money with day trading
Good Luck and Happy Trading!
