Many people would like to be able to make money day trading the stock market.
It is an ideal career that carries with it a lot of prestige.
Think about being able to sit in the comfort of your own home all day and trade the markets.
You could work on your own terms on your own schedule.
When you've made enough money for the day, you can take the rest of the day off if you wish.
The sky is the limit.
However, when it comes time to actually implement this in your life, you really don't know where to begin.
How can you actually make money when the rubber hits the road? The truth is that there are several day trading strategies that you could implement to make money.
Some will make more money than others, but they can all be profitable if you do them correctly.
The first thing that you'll need to do is get an account setup with an online broker.
You need to be able to see charts and place orders on your own in real-time.
This is a very small portion of the process, but it is necessary nevertheless.
Without an account, you really can't do much.
Fine-tune your strategies Once you have an account open, you can start fine-tuning your strategies to make money.
You can be involved in short-term trading or swing trading.
Short term trading usually requires you to invest more money on the front end, because you're not going for those huge market moves.
Just a little bit of movement in a stock price is good enough for you to make a profit.
This is why you need to invest a good portion of your account in order to realize any profit.
You'll open up a position and then close it usually within minutes or hours.
This results in many quick trades in your account.
Swing trading Swing trading is a little bit different, because you're looking for larger moves in the market.
You can open a smaller position with your money, because you will be looking for a bigger move in the stock price.
This might take hours or days to complete a trade.
However, when you do, you can make a large amount of money with a relatively small investment.
Regardless of which method you choose, you'll have to manually watch the stock charts and try to identify profitable patterns.
You can use fundamental or technical analysis to try and determine when a stock price will move.
This usually requires a lot of time in front of the computer and a lot of experience in the field.
However, there is another method that involves computer software This method relies on software that can predict stock patterns and when pricing is about to jump.
It does all of the hard work for you and then just gives you a signal when to invest.
It is a very successful way to get into day trading and make money.
If you've been considering starting to trade the stock market, consider using any of the methods above to get started as soon as possible.