The Ultimate Daytrading Guide:
Invest Intelligently Step by Step And Earn Money With Stocks, CFD & Forex
Reproduction, translation, further processing or similar actions for commercial purposes as well as resale or other publications are not permitted without the written consent of the author.
Copyright © 2019 - HOMEMADE LOVING'S
All rights reserved.
Basic information about the stock exchange
The difference between trading and investing
Trading Strategies For Beginners
What else needs to be considered?
Step by step to a successful trading strategy
What does success in trading really mean?
Daytrading Advantages and Disadvantages at a Glance
Who is suitable as a day trader?
Opening Remarks
You want to know what daytrading is? Have you always been interested in this impressive world of the stock market? Then you should definitely read this guide. Day trading refers to short-term trading on the stock exchange. In this process, traders try to exploit the fluctuation margins of stock market prices. Many people think that as a day trader you are a gambler. They compare trading with betting and see the stock market as a kind of casino. However, this is a very big misbelief, because there is more to trading on the stock exchange than just gambling. Day traders are always on the lookout for profitable price fluctuations and try to profit from them. It is true that there is a lot of speculation about stocks, currencies or futures, but there is a lot of work behind these speculations.
As a day trader, you must be prepared to trade and trade every day in order to make a profit at the end of a week. For beginners, professional day trading is an elaborate procedure. A trading plan has to be created, a trading strategy has to be worked out and a lot of discipline has to be shown. Without patience and discipline you can achieve very little in this business. A day trader, unlike a normal trader, trades in a very short time. They open positions and a few minutes or hours later they close these positions again. Sometimes it may even take a few seconds.
Sounds like an exciting business? It is! Price developments play the most important role in day trading. However, these price developments can also be very susceptible. If, for example, negative news is published, this can have a strong influence on price developments. You already notice that as a day trader you are exposed to a very high risk of loss. For this reason, you are probably wondering whether day trading is a real profession at all.
Just in advance: It can be regarded as a real profession! But why is neither training nor study necessary for day trading? Why does the profession of a day trader expect