The Rise of Day Trading as a Means of Income

This is a discussion on The Rise of Day Trading as a Means of Income within the Discretionary Trading forums, part of the Methods category; For many people out there who are wanting for new streams of income, investing has perpetually been quite a draw. ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 21, 2010, 9:30pm   #1
 
3 Posts
Joined Apr 2010
Thumbs up The Rise of Day Trading as a Means of Income

For many people out there who are wanting for new streams of income, investing has perpetually been quite a draw. The markets are naturally and inherently volatile, and as a result of of that they supply a ton of opportunity for people who are smart. Several individuals are doing what is called day trading. Whatís day trading, you ask? It is a different method to take a position, and involves taking positions on stocks, futures, Forex or different commodities and closing these positions on the identical day. With some of the day trading training that is obtainable nowadays, creating money quickly and simply is totally attainable with the right strategy.

Parlaying intraday trading strategies into fast profit

With a traditional investment approach, tons of research is needed and patience could be a demand for success. Day trading relies more upon the natural volatility of the markets at hand. Whether or not talking about the Forex market, the S&P five hundred, or some other commodities market, profits are there for the taking for people who have the center and smarts to create the proper moves. Additionally, there are now resources readily out there for individuals who need a very little little bit of advice. With these days trading advice, investors are able to spot those quick profit opportunities while not having to wait months or years for the gains.

Profits for those with little beginning investments

One in every of the interesting things regarding day trading there is that you donít have to have a large quantity of beginning capital to get going. One in all the problems with the financial world is that if you want to take advantage of the high interest opportunities, you have got to have a lot of capital to invest. The new day trading training sites are showing people that youíll be able to truly show a nice profit proportion with a small investment. The gains will obviously be smaller with a smaller starting principal, but the come back on investment percentage will be simply as great.

Nearly unlimited upside

When putting together a portfolio, several people are wanting for that opportunity that includes a high ceiling. They have unlimited upside with their high risk portion of investment cash, but that is particularly onerous to find. The nice issue with some of the sites out there nowadays is that day trading coaching will turn this venture into one with a very high ceiling. The possibility for giant time profits is there for those people who faucet into the advice and strategies taught and utilize it on a each day basis. With the method the markets work, it isnít uncommon for people to double their starting principal during a matter of months. It isnít magic, either. Itís simply taking on the market and exploiting the natural dips and rises that happen on a routine basis.

Day trading is fast-paced and it will be scary for some. Heaps of folks do not wish to get concerned as a result of they do not suppose that they have enough knowledge or experience. Sites these days are breaking down that long-standing barrier to entry, though, and theyíre making it a lot of easier for investors to hop on right away.
9840232213 is offline   Reply With Quote
Old Apr 24, 2010, 3:06pm   #2
Joined May 2008
Re: The Rise of Day Trading as a Means of Income

Day trading is the game for the god's, in my opinion one of the hardest ways to make a very easy living. The markets can chew you up at any moment if you are not clever enough to understand exactly what is going on. I love it, starting to make good consistant gains now and work on a system that suits my personaility. I use 1 and 5 min time frames and just in and out the market and rarely hold a trade for more than 10 minutes.
kwickwool is offline   Reply With Quote
Old May 9, 2010, 9:22pm   #3
 
8 Posts
Joined May 2010
Re: The Rise of Day Trading as a Means of Income

Quote:
Originally Posted by kwickwool View Post
Day trading is the game for the god's, in my opinion one of the hardest ways to make a very easy living. The markets can chew you up at any moment if you are not clever enough to understand exactly what is going on. I love it, starting to make good consistant gains now and work on a system that suits my personaility. I use 1 and 5 min time frames and just in and out the market and rarely hold a trade for more than 10 minutes.
"one of the hardest ways to make a very easy living"

This is the BEST QUOTE I HAVE HEARD IN A LONG TIME and SO TRUE !
trade888 is offline   Reply With Quote
Old May 15, 2010, 9:29am   #4
Joined Oct 2008
Re: The Rise of Day Trading as a Means of Income

Learning day trading in Forex is like learning to fly a jet plane without first learning to fly light aircraft first! You can get to where you want faster but you can crash quickly as well. I strongly suggest that you trade half to 1% of your account size only and trade say Eur/Usd or another main pair and trade at peak times, say up to 1 hour before London stock exchang open and also same before US open, this will give big swings. You MUST avoid announcement times as huge wipsawing, see forexfactory.com. You could make 5% to 20% per WEEK, yesterday I made 10% although I risked 2% to do that!
stephenfrankel is offline   Reply With Quote
Old Jun 11, 2010, 9:13pm   #5
 
lbranjord's Avatar
Joined May 2008
Thumbs up Re: The Rise of Day Trading as a Means of Income

Quote:
Originally Posted by stephenfrankel View Post
Learning day trading in Forex is like learning to fly a jet plane without first learning to fly light aircraft first! You can get to where you want faster but you can crash quickly as well. I strongly suggest that you trade half to 1% of your account size only and trade say Eur/Usd or another main pair and trade at peak times, say up to 1 hour before London stock exchang open and also same before US open, this will give big swings. You MUST avoid announcement times as huge wipsawing, see forexfactory.com. You could make 5% to 20% per WEEK, yesterday I made 10% although I risked 2% to do that!
Starting in the Forex market is like turning on NES Punch Out and putting in the code to get to Mike Tyson first. You'll get beat down, but you'll learn faster.

I'm glad I started on the hardest market and took my lumps. I'm proud of them now, looking back at my old spreadsheets and remembering the frusteration makes me enjoy successful trading even more now.

To you noobs, stick it out, the learning curve is there to shake out the competition. It's not impossible. Send me a message if you're having a rough day I can help you out. PS, I'm not selling anything, I just remember the struggle.
lbranjord is offline   Reply With Quote
Old Jul 15, 2010, 7:56am   #6
Joined Jul 2010
Thumbs up Re: The Rise of Day Trading as a Means of Income

I think its the way through which you can see miracle happening within a day.

The fate changes in one day i.e getting lucky in a day is day trading.
soniya sharma is offline Newsletter / tip sheet / trading advice vendor   Reply With Quote
Old Jul 15, 2010, 9:09am   #7
The Staff are paid members that perform various roles such as editorial, advertising, support or technical work.
 
timsk's Avatar
Joined Mar 2002
Re: The Rise of Day Trading as a Means of Income

Hi 9840232213,
Welcome to T2W.
Your post strikes me as being rather odd for a number of reasons. Firstly, it reads as if it's been translated into English, so I'm guessing that either English isn't your first language or that you didn't write the post yourself? If the latter is the case, it would be courteous to credit the author. Either way, I'm not clear what the point is that you're trying to make? It's akin to posting on a site dedicated to enthusiasts of Formula One that F1 is a sport involving cars driven at very high speed around a track. The odds against them not knowing that are even greater than the odds against winning the lottery!
Tim.
__________________
I'm New To T2W - Where Do I Start? - a must read for anyone new to T2W
I'm New To TRADING Ė Where Do I Start? - a must read for anyone new to TRADING
The Trading Plan Template - a must read for anyone without a proper TRADING PLAN
timsk is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Gold Smoked Intra Day Signals People Want More Risk, Also Means Top Is Near (NYSE:GLD InTheMoneyStocks General Trading Chat 0 Mar 10, 2010 5:05pm
Trend Trading for a Second Income FXfreddie Trading Journals 13 Jul 19, 2009 6:53pm
Fixed Income Trading Room Skill Leverage General Trading Chat 4 May 18, 2009 11:54am
close at 78p, next day open at 13p...means? jonboy123 Technical Analysis 8 Apr 27, 2009 9:34am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)