hi! want to learn day trading.... would like some tips and guides .. thanks?
i am looking for an investment opportunity ....a friend suggested day trading however i know nothing about it ...... any hints and info would help.. . .thanks
Public Comments
1. Day trading is extremely risky, and unless you already have a pile of cash and years of stockmarket experience, you'll likely just lose every penny you do have now.
Trading is expensive. The only way to reduce your trading costs per transaction or per share is to trade with great frequency, so you'll get discounts. But really all that does is make sure your broker makes money by you trading more, it has no relationship to whether those trades you do make were profitable for YOU.
There's many better investment opportunities with far less risk. Keep learning, but definitely explore other options as well.
2. lol. Very risky. do not go into day trading you will regret it. only 10% (or less) of people who day trade leave happy.
3. Day Trading is not investing, it is speculating.
There is a HUGH difference
4. You cannot become an astronaut if you are not a pilot.
You cannot become a daytrader if you don't have at least $25,000.00 USD.
5. You could probably go to Las Vegas and get about the same result as Day Trading.
Day Trading is NOT for a novice. If you don't know what you are doing, you will likely lose a ton of money.