Question
What is Day Trading?
Answer
Day trading is a strategy employed by traders who attempt to make a living by going long and short any market or stock for very short periods. As a day trade implies, the trader will get rid of the position the very same day they go long or short. Day trades usually last seconds or minutes. A great day trader will go long or short a stock, market, commodity or currency for seconds, making hundreds if not thousands in profit. Anyone can be a day trader but there is high risk involved. A great day trader can make thousands a day from the comfort of his or her home. If you day trade your own capital, you are your own boss and can make your own schedule. Day traders must be fast with technology and understand the markets. Usually, it will take years for a day trader to master the markets and become profitable. To speed up that process, it is best to learn from the pros. Join a stock trading chat room and absorb all the experience of seasoned veteran traders. With the help of the pros, some traders can turn profitable within a year and start living the dream.
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