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Jorge asked in Business & FinanceInvesting · 1 decade ago

Short term trading : Is it a worthwhile venture ?Recommended capital to begin with. Thoughts?

I'm looking for anyone's thoughts who has experience in short term trading and would be appreciative of their feedback on the subject. I've been considering aiming my efforts towards that field and would like to hear from people already " in the trenches" , so to speak.

7 Answers

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  • 1 decade ago
    Favorite Answer

    Do you mean Day Trading or Swing Trading?

    Swing trading at first would be smarter (much easier than day trading...... only a 90% failure rate)

    Day Trading: ... over $30,000 (USA: there's gov't reg - FINRA, over 25K RE: Pattern Day Trader rule).

    Either way... lots of work & years to learn. You'll be reading trading books all the time. It never stops.... but you'll do less reading by your 2nd or 3rd year.

    Either way it will take 3-5 years or more to become consistently profitable..... if you don't fail/lose your account.

    You'll need knowledge in (in order of importance);

    Trader psychology (yours and the markets)

    Risk control / money management

    Technical Analysis

  • Anonymous
    7 years ago

    It's really possible to make money with trading online, specially with binary trading. You have just to know where to learn... and I know the best source ( http://forexsignal.kyma.info/ ) This course explain everything you need to start a very profitable trading activity. Before you "learn" to day trade you first must understand the markets, the products traded in the markets and the rules you have to follow to be in the market. You have to learn what to do, why to do it, when to do it and how to do it. If can learn all of this then and only then can you day trade. Before you day trade you must be able to trade. You also need a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. You also need sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade/invest. It is more imperative to have a written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested and a good understanding of the rules

  • Dan
    Lv 4
    1 decade ago

    You must keep your account above $25,000 at all times in order to engage in pattern day trading.. this is an SEC rule, so it applies to all US brokers.

    You need to choose a broker that charges very low commissions. This is because commissions you pay your broker eat into your potential profits and when you are trading a lot the commissions can add up fast. I use the broker Realfasttrader.com they have the lowest commissions I have found at only $0.39 per 100 shares traded. You also will want realtime level 2 quotes, charts and direct access trading, which they also have there.

    Source(s): Experience
  • Anonymous
    1 decade ago

    Day-Traders

    If you are talking about day trading, I know very little about it but I've heard on CNBC a couple years ago that about 80% of day-traders loses. Day traders sometimes trades in min. or hours. I've heard you have to open a special broker account with a min. of $25,000 and maintain that amount. You can open a regular broker account with $500-$3,000, depending on which broker you use. You can legally trade about every 3-4 days with a regular account. If you need more help, click my pic. Self-taught from 24 years of experience.

  • Anonymous
    7 years ago

    Hey there,

    I've been trading the market for just a few months. My cousin actually told me about this website ( http://pennystocks.toptips.org/ ) and I signed up immediately after. This is my honest review about their method. I'm not someone who has a lot of time to be researching for ideas because I work many hours. they made it incredibly easy for me to make money in the market. Their reports are easy to read and follow. I've tracked most of the stock ideas that I've received in my e-mail from them and MANY have seen some nice gains after their announcements. I've made a nice profit (55% return on my investment on one, and 112% on the other!) on a couple of suggestions he's given and plan to start trading his ideas a lot more.

    For more info: http://pennystocks.toptips.org/

  • Anonymous
    5 years ago

    Trading binary options online is not as complicated as many people think it is. Read here https://tr.im/VmMEE

    You don’t have to be an economics expert in order to make money by trading binary options. The charts allow you to predict the future course of an asset by finding patterns in its past price movements, and after all this what we need to win a binary trade.

    Don't be intimidated by the charts, actually they are not that hard to read and understand. Strategies that are based on reading and analyzing charts are part of the technical analysis area.

  • Anonymous
    6 years ago

    the best trading software http://tradingsolution.info/

    i have attended a lot of seminars, read counless books on forex trading and it all cost me thousands of dollars. the worst thing was i blew up my first account. after that i opened another account and the same thing happened again. i started to wonder why i couldn,t make any money in forex trading. at first i thought i knew everything about trading. finally i found that the main problem i have was i did not have the right mental in trading. as we know that psychology has great impact on our trading result. apart from psychology issue, there is another problem that we have to address. they are money management, market analysis, and entry/exit rules. to me money management is important in trading. i opened another account and start to trade profitably after i learnt from my past mistake. i don't trade emotionally anymore.

    if you are serious about trading you need to address your weakness and try to fix it. no forex guru can make you Professional trader unless you want to learn from your mistake.

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