Is day trading a good idea?

Question

I have been reading and studying on stock market buying and selling so far I am a beginner and have taken no action toward trading on the stock market. I am still in the learning mode but plan too trade on the market when I feel I am ready. My goal to traiding is to make a quick cash turnaround my questions are what are the risks of day traiding and which software would be best to assist me in doing this kind of trading?

Answer 1

trading is good idea but without study feel like h**l? but u got some idea releted  technical i.g. graph ..chart, moving avera

ge, macd,etc... then definatly u choose the right path



all the best's

Answer 2

Trading by waiting for stocks to go higher is risky in this market.  Try shorting stocks in certain sectors in your papertrades.

Answer 3

idea not bad I would recommend to read a lot and get as much more info as it is possible before starting it!

Answer 4

In Day trading, positions are open and closed within the same day, and at the end of it no open position will remain for the next day. Day trading is intended for traders who wish to make a profit from the market's volatility within a short period, since the margin amount required for this kind of trade is relatively low. With the leverage that Finexo offers the traders, the small fluctuations of the market are greatly increased and so are the profits!

I personally like day trading but it involves risk therefore be very alert and focused when you make trades

Answer 5

Open an account with an online broker that gives you free real time charts and quotes. It's important that these services are real time and not fifteen minute delayed.

Paper trade, that is, make "pretend" trades, but be honest--record exactly your entrance and exit points.

Become a good paper trader before using real money. Let the success of your paper trading or lack  thereof answer the question you have asked. No one can answer this question for you.

You might also try services such as e-signal, which give you a wide array of indicators.

Answer 6

Do not spend money on trading software just bookkeeping software to keep track of profits and losses.

Be prepared to loose every dime you have invested, because you can do this easily.

My mother is a day trader. She says you can't get anywhere near serious (as in making a living) without investing at least $100,000.

This, like a lot of things in this life, is very risky. The fact is that most people who try to do this end up loosing money.

But if you are good you can make a ton of money

Answer 7

Yes, it's one of the fastest and easiest ways of making a lot of money