Day Trading – Can You Really Make Money?

Day trading can be an attractive idea. You can set your hours, work on the beach, and, more importantly, make money. 

The classic day trader works the stock or foreign exchange (forex) markets buying stocks (or taking positions) and then selling them again – all within a single trading day. 

What Is Day Trading?

Can Anyone Do It?

Well, the answer is a qualified “yes.” As previously mentioned, the software, information, and brokerage accounts are widely available to the average trader – but there are some caveats.

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What Do You Need To Become A Successful Day Trader?

The first and most important thing that any aspiring day trader needs is education. We’re not talking about a formal university or college degree, but rather an education that shows you exactly how to build a strategy, how to assess trades, and, more importantly, what to do when things go wrong. 

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This is a little bit of a “piece of string” question because the answer is “it depends.”

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How Much Do Day Traders Earn?

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Most people who start retail day trading lose money, but there are good reasons for this. People who lose money generally don’t do their research, don’t invest time and effort into their new occupation, and find themselves letting emotion get the better of them.

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