http://profitabletradingtips.com/stock-trading/how-to-be-a-day-trader How to Be a Day Trader How to be a day trader starts with learning the ropes and then practicing what you have learned. Learn the basics of day trading with an online class. Then search out a trading program that includes a course for beginners. Find a broker through whom you can trade and make sure that you pick online trading software compatible with the broker’s program. How to be a day trader and do it successfully requires knowledge, patience practice, and hard work. When you have your account with the broker and have your software set up on your trading station you will need to learn the fundamentals of technical analysis. This is the means by which day traders can predict price movement of stocks, options, commodities, or futures. Practicing technical analysis on your trade station in simulation trading is not the last step in how to become a day trader but it is an important one. Don’t start trading real money until you can win consistently in the simulation world. A Little Advice Helps In learning how to become a day trader you may need a little advice and counsel from time to time. This is available in online sessions from traders who have been in the markets for decades. There are online coaching sessions available in which you will be connected to a “chat room” where you can talk to the coach, and hear his discussions with other traders, Oftentimes the most instructive moments in training for how to become a day trader occur during trading, what teachers call “teachable moments.” Strategies in trading and so called “tricks of the trade” will be clearer during trading situations than when reading dry text on a computer screen or trying to puzzle through an onscreen example. When the trader has successfully internalized the principles of how to trade and the practical aspects of how to be a day trader in the simulation world it will be time to move into the world of live trading. However, a thought or two about what to trade will be in order before “going live.” To avoid trying to outguess the market the trader will want to pick a stock, index, or commodity with which he is familiar, both in its fundamental and its technical aspects in order to improve the odds for success from the very start.

1. HOW TO BE A
DAY TRADER
BY
WWW.PROFITABLETRADINGTIPS.COM

2. How to be a day trader starts with
learning the ropes and then practicing
what you have learned.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

3. Learn the basics of day trading with an
online class. Then search out a trading
program that includes a course for
beginners.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

4. Find a broker through whom you can
trade and make sure that you pick online
trading software compatible with the
broker’s program.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

5. How to be a day trader and do it
successfully requires knowledge,
patience practice, and hard work.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

6. When you have your account with the
broker and have your software set up on
your trading station you will need to learn
the fundamentals of technical analysis.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

7. This is the means by which day traders
can predict price movement of stocks,
options, commodities, or futures.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

8. Practicing technical analysis on your
trade station in simulation trading is not
the last step in how to become a day
trader but it is an important one.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

9. Don’t start trading real money until you
can win consistently in the simulation
world.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

10. A Little Advice Helps
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

11. In learning how to become a day trader
you may need a little advice and counsel
from time to time.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

12. This is available in online sessions from
traders who have been in the markets for
decades.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

13. There are online coaching sessions
available in which you will be connected
to a “chat room” where you can talk to
the coach, and hear his discussions with
other traders.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

14. Oftentimes the most instructive moments
in training for how to become a day
trader occur during trading, what
teachers call “teachable moments.”
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

15. Strategies in trading and so called “tricks
of the trade” will be clearer during
trading situations than when reading dry
text on a computer screen or trying to
puzzle through an onscreen example.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

16. When the trader has successfully
internalized the principles of how to trade
and the practical aspects of how to be a
day trader in the simulation world it will
be time to move into the world of live
trading.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

17. However, a thought or two about what to
trade will be in order before “going live.”
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

18. To avoid trying to outguess the market
the trader will want to pick a stock, index,
or commodity with which he is familiar,
both in its fundamental and its technical
aspects in order to improve the odds for
success from the very start.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

19. Paying Attention to
the Details
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

20. Once you start trading, how to be a day
trader and how to do it successfully
requires an honest appraisal of your
trading results. No one trades
successfully on every trade.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

21. How to be a day trader and make money
is to make a sufficient amount of money
on your successful trades to cover your
losses on unsuccessful trades as well as
the costs of doing business, including
fees, commissions, cost of software, cost
of equipment, and all other overhead
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

22. Whether you will be trading the Russell
2000, trading the S&P 500 or trading
Toyota and its computerized brake issue
you will want to be trading something
that you are familiar with.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

23. You will want to understand the
fundamentals of pricing as well as the
technical factors that drive day by day
market prices.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER

24. In the end how to be a day trader
involves keeping up with the markets and
constantly improving your skills in order
to become consistently more profitable
in your trades.
HTTP://PROFITABLETRADINGTIPS.COM/STOCKTRADING/HOW-TO-BE-A-DAY-TRADER