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Facts of Day TradingAre you thinking of entering the fast-paced world of day trading? Arm yourselves with the information from this fact sheet on day trading. What is day trading? Day trading is an investment tactic that does online daily stock trading with a relatively short investment. Those who do day trading usually buy and sell securities during the same market day and, as a general rule, do not hold stocks overnight. Many day traders make dozens of trades every market day hoping to capture profits that arise from small intraday price fluctuations. How is day trading different from swing trading? Day trading relatively holds the stock for only the day. After the stock market closes, a day trader has no stock in his hands. Swing trading holds a stock for at least a few days, waiting out for the best price before dumping it back to the market. Day trading is much more stressful and requires guts and a keen business sense. Once you get good at day trading, you can earn up to $50,000 from your initial investment. How much capital would you need for day trading? You need an investment equivalent to buy 1000 stocks. That is roughly around $20,000. Because the chances are small that you will find a marketable stock with a price of under $20, this is enough to get your day trading underway. However, you must remember that this is a 100% risk capital so do not worry too much if you lose this amount very early. What are the general rules for day trading? - Always trade with the trend. What are the most suitable stocks to trade for day trading? It is advisable to trade high volume stocks. Go with the trend with the popular stocks available. It'll be easier for you to sell those stocks at the end of the day trading. How does a usual day trading transaction occur? For example, at 10:00 AM a day trader might buy 1000 shares of stock XYZ just as the price begins to rise on good news, then sell it at 10:04 AM when it's up by 1/2 ($0.50). The day trader makes $500, minus commission. With today's cheap commissions of $29.95 or less per trade, that's a quick $440.10 or better, excluding taxes. Most people who deal with day trading spend all of their time in front of the computer, watching the slightest change in the stock price. As the prices go up and down, the day trader must be alert as to when to sell his stock or wait for the moment to hold on it. This can be a very stressful lifestyle as a mere second could mean an increase of half the stock price and missing that moment for any person engaging in day trading could mean a loss on his investment. Day trading is not a get rich scheme. It is serious business where you could lose everything within minutes because of wrong information. Before jumping into day trading, remember to do your homework first. Go to seminars on day trading, use simulations if possible and practice reading market indicators. To be a successful day trader, don't just need luck. Knowledge and experience counts. Welcome to the world of stock markets and investments! For More Information and articles about day trading check out the forex trading center.
 MORE RESOURCES updated Wed. August / 10 / 2022Websites close 12,000 accounts encouraging illicit virtual currency trading amid crackdown Global Times Why currency trading involves major risks Nairametrics Why so many Nigerians lose money in currency trading Nairametrics Cuba Increases Official Exchange Rate For U.S. Dollars Cigar Aficionado Sajjid Chinoy: 'The rupee is a better-performing currency against the dollar on a trade-weighted basis' The Indian Express Asian shares mostly decline on global technology downturn WNYT NewsChannel 13 GBP/USD Forecast: GBP Gives Up Early Gains Again DailyForex.com USDINR Rose on Expectations of Larger Interest Rate Hikes from the US Fed Investing.com India AUD/USD Forex Signal: New Falling Price Channel DailyForex.com USD/CAD: Plenty of Punch and Choppy Results Testing Traders DailyForex.com AUD/USD Forecast: Aussie Pulls Back from Crucial 0.70 Level DailyForex.com Tui earnings miss, Revenue beats in Q3 Investing.com India U.K. shares higher at close of trade; Investing.com United Kingdom 100 up 0.02% Investing.com India USD/JPY Forecast: USD Pulls Back Slightly Against JPY DailyForex.com Tata Chemicals Defies Market Mood, Rallies 13% on Stellar Q1 Show Investing.com India USD/ZAR: Consolidation Perhaps Today, Volatility Tomorrow DailyForex.com Typhoon Mulan makes landfall in China Investing.com India What’s really happening with exchange rates? BusinessLine Forex Forecast: Pairs in Focus – EUR/USD, S&P 500 Index DailyForex.com Nigerians Turn to Crypto Assets as Currency Weakens Voice of America - VOA News FLEETCOR TECHNOLOGIES INC Management's Discussion and Analysis of Financial Condition and Results of Operations (form 10-Q) Marketscreener.com USD/TRY Forex Signal: Lira Opens Weekly Trading Low DailyForex.com Colombia has detected $20 bln likely tied to money laundering -official Marketscreener.com Share Market LIVE: Nifty at around 17500, Sensex trades flat in red; Bajaj Finance, NTPC top losers The Financial Express EUR/USD Technical Analysis: Bearish Stability DailyForex.com 10 Best Forex Brokers in 2022: Top 10 FX Trading Platform Reviewed and Ranked ABC Action News Tampa Bay Delhivery share price tanks 9% after losses widen sharply in Q1; should you buy, hold or sell? The Financial Express USD/SGD: Higher Move Consolidates and Could Attract Wagering DailyForex.com Cross Hedging in Trading -Definition, Understanding&Examples DailyForex.com Reference exchange rate down 2 VND on August 10 http://en.vietnamplus.vn/ What Is Forex Trading? Bankrate.com Basics of Forex Trading - Part 1 FX Empire What are the Pros and Cons of Forex Trading? RealtyBizNews Best Forex Trading Platforms: Most Famous Forex Brokers & Traders of 2021 Washington City Paper What is forex trading and how does it work? The European Sting Moscow Limits Foreign-Currency Trading to Shore Up Struggling Ruble The Wall Street Journal 4 Ways COVID Boosted Currency Trading Yonkers Tribune. How to Know Which Currency Pair to Trade Startup.info 10 Best Forex Brokers for August 2022 Business 2 Community Forex (Foreign Exchange) Explained | U.S. News U.S News & World Report Money Foreign currency trading is substantially growing around the world - The Southern Maryland Chronicle Foreign currency trading is substantially growing around the world The Southern Maryland Chronicle The 5 Best Forex Trading Platforms of 2021 D Magazine Changing the Top Global Currency Means Changing the Patterns of Global Trade Carnegie Endowment for International Peace Bank of America Grows its Global Foreign Exchange and Emerging Markets Macro Trading Team Bank of America Newsroom Can You Make Money Trading Forex? Finance Monthly Currency Definition | U.S. News U.S News & World Report Money Best books to learn Forex Trading from scratch Free Press Journal BC: Tips for Success in Forex Trading Punch Newspapers Gold Technical Analysis: Trend is Still Bullish DailyForex.com Forex Trading Hours: Limitless Trading in an Endless Market The Coin Republic Mastering Forex Trading Psychology Finance Magnates Is forex trading a way to make a living? Nairametrics Forex Trading TD Ameritrade Why forex trading is not gambling Nairametrics How to Trade Forex TD Ameritrade Trading Forex vs Futures: Key Differences IG International Currency trading in overdrive with dollar at highest level in two decades (NYSEARCA:UUP) Seeking Alpha Even the Foreign-Exchange Market Is Getting Kind of Crazy The Wall Street Journal The 6 Best Online Forex Trading Classes of 2022 Investopedia
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