MTG Trader

 Who Should Be Day Trading? Who Should Be DayTrading? D ay trading is not for everyone. Yes, there are many advantages, but there are also some “negative” factors. One of them is that you WILL face losses. As a trader, losses are part of our business. If you can’t accept that fact, you simply shouldn’t trade. And you need a PLAN: Traders who enjoy the most success in day trading, regardless of whether they’re in it for a living or for some extra income on the side, generally have solid trading strategies and the discipline to stick to their tradingplan. Keep in mind that day trading is a very competitive field. In order to succeed, you need to maintain focus on a set of strategies which you can implement immediately, without hesitation. Remember, a proven, strategic trading plan can give you an edge over the rest of the market. Unfortunately, even with a tested, proven trading strategy, you are not guaranteed trading success. It takes something else. It takes discipline. A profitab...

  What Is Day Trading? D ay trading is the practice of buying and selling financial instruments throughout the day. As the day progresses, prices will rise and fall in value, creating both the opportunity for gain and the possibility of loss. At 10:15am, a day trader might buy 1,000 shares of Amazon.com’s stocks just as the price begins to rise on good news, and then sell it at 10:25am, when it's up by $1 per share. In this example, the day trader makes $1,000, minus commission. With today's cheap commissions of $10 or less per trade, that's a quick $990 in just 10 minutes! When traded strategically, the trends and fluctuations in the markets allow for quick profits to be made in brief periods of time. Keep in mind, however, that day trading is specifically designed to result in smaller earnings on a regular basis; it is NOT designed to result in huge fortunes through a single trade. Day trading can be very profitable, but it isn’t a get-rich-quick scheme (though many semin...

Introduction: Why DayTrading? I f you’re thinking about getting into day trading, then you’ve probably got a pretty strong motivation. More often than not, that motivation is money. You want to be rich. No, wait. Let me be a little more specific:you want to be wealthy. Just to make sure that we’re on the same page, let me touch on the key difference between being “rich” and being “wealthy:” 1.) “Being rich” means that you have a lot of money. 2.) “Being wealthy” means that you actually have time to enjoy your money, time to do what you want to do when you want to do it. So, is day trading really the ultimate solution to becoming wealthy? Let’s see. Here's one way to become rich: You work your way up to the position of an executive in a corporation and make hundreds of thousands of dollars a year. Of course, you’ll be working at least 10 hours per day and at least 6 days per week. Here are three ways to become wealthy: 1.) Starting Your Own Company or Internet Business 2.) Investing...