Ask Leo: To start a day trading, what is at stake?
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The idea of turning haste returns in the stock market can be so attractive and that is why most Investor adopt day trading in order to benefits from the fluctuating of the price and trade in the stock market during the day to make their profits but through that, many people tend to lose their money because day trading can be so unpredictable.
Buying and selling a stock within a day is what is call day trading, an investor who engage in day trading make sure to sell all the stock the buy within the day.
There are many risk involved while engaging trading and that is why is is really essential to accept the Learning of fundamental analysis in order to get started in day trading an become a successful one.
While Investing in day trading, it is important to start small and trade with the amount we can afford to lose and with the help of technical analysis, it can help an investor to recognize the chance of trading by take note and planning the comparison of the volume trend in stock.
A day trader must have a plan in place before starting trading. They should know what stock they want to buy and sell and know at what price are bearable for the trading. All this are important to be in Place in advance to have a successful trading.
It is very important for a day trader to own a trading desk which should be with complete real time data and all the necessity needed to execute the plan.
After the trader have decided on the security to trade they need to determine the best plan to trade in other to increase their chance of trading profitably, knowing the best time to trade is a great advantages in day trading.
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