Daytrading is not a new phenomenon. It has been done for many years. However, with the advent of electronic trading and electronic brokerages, daytrading has become a popular activity for many.
Anyone can daytrade. Successful daytrading, as with any profitable business, requires education and experience. Follow the links below for a better understanding of daytrading.
Not everyone wins. The best advice requires that the daytrader be prepared to lose! In fact, the novice daytrader should prepare for disaster. An example may make more sense. Imagine earning $10,000, converting it to one hundred dollar bills, and taking it all to your backyard Now imagine placing the $10,000 in your barbecue, soaking it in lighter fluid and lighting a match. Imagine standing there with the match ready to ignite the bills. Can you even fathom how you would feel if you dropped the match? That's how it is with daytrading. Money can disappear very rapidly when the metaphorical match drops. A daytrader who is not prepared to lose should stick to something much less risky!