 Why did the US$ drop in value last June 29? |
| After the interest rate adjustment last June 29, what caused its value to go down (as compared with the GBP, Euro, CHF and JPY)? I had the idea it would go up against the European currencies.... |
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| Since stock prices are going so low, and I'm SURE they'll go up again before I retire, would it be a good idea to take a little money (maybe $500) and throw it into a mutual fund or ... |
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 When i should in invest in Stock Market !!? |
Hai
I am student and i have learned stock basics and i want to do the practical. I have some money to start. But is it good if i start investing in my college life ?... |
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 Immidietly answer pls.? |
| will some one give me the cues abt trades from inner side of the stock exchange that wich will are rising and which will are not today. indian may reply me pls.... |
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 Stock market Q's? |
| If you had $10,000 to invest 5 years ago who would you invest in? and If you had $10,000 to invest today, would you invest in Home Depot stock?... |
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 401K question? |
| My company is no longer going to match my contribution..they're not contributing anything. Do I benefit more by leaving it with my company, or moving it to an IRA account, or.....well, you tell ... |
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 What can I do to maximise my £500? |
| I have £500 and 1 month before I have to give it back. How can I make it "work" for me in the meantime? Want to make as much from it as I can.... (and I dont gamble)... |
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| Which is the best online trading portal for shares? |
| which is the best online trading portal for shares? i have been using icici. but it charges high brokerage. which is the best combination of good service, facilities and low bokerage?? plz help if ... |
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 What is a best way to invest a large chunk of money? |
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 Stock for Baby's Xmas? |
| I have an idea for a Christmas present for my newborn nephew, but I am not sure how to execute it. I'd like to start his investment porfolio by buying him a single share of stock. (I'm a ... |
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| please tell me in detail what are its advantages and disadvantages and who's mutual fund is best whether its tata, reliance, sbi or any other........ |
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 What is the difference between 'bear' and 'bull' markets? |
| There's a lot of talk today about the FTSE 100 being dragged into a 'bear' market. Can someone tell me what that means, and how it is different from a 'bull' market? How did ... |
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Kenneth C | Does anyone understand day trading? |
If anybody has ever read any of my posts on real estate, I consider myself a fairly savvy real estate investor. However, I have heard about and want to learn about day trading in stocks. I have an idea on what it is but has anyone done it here and done well? (Or at least not lose their shirts?) Also, if you have done well, what did you do or what skills did you learn in order to be successful? Thanks in advance.
PS. Is this also a good way to make money or is it a waste of time and money?
Additional Details
Listen Max H, you shouldn't talk to your father like that or I might stop my child support payments. Tell your mom to have my kidney pies ready when I go see her or I might have to keep my pimp hand strong.... ya dig? |
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Patrick L
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Day trading, basically, is profiting from small differences (and sometimes big ones) in the prices of stocks etc. on one day (sometimes 2 or 3 days). It requires experience, a lot of knowledge and constant up-keeping your information. It's taking constant working if you want to do it right, not only a couple of hours per day. It's not for the faint hearted and not suitable as a fast money maker. It can be profitable though, as I know having a staff of good people now that make my trading lighter (so that I don't have to do everything myself anymore). It took me over 20 years to get to the level I'm now. If you really want to do it, start small and/or with a practice account, read a lot of papers (not only one), follow and take in all the news you can find and read some materials and books about the different parts of trading (e.g. technical analysis, trading-systems, product-info etc.).
I wish you good luck. Don't hesitate to contact me if you have any questions. |
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barry_robbins_98
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I think day trading has been glamourized by brokerages as a way to increase their commissions. Studies have shown that frequent trading offers no benefits over holding for longer periods. I think the best way to invest is to study a company. Find one that meets a set of criteria. then stick with it for a few months. And then re-evaluate it, and either sell or hold or buy more.
I think the best way to find investment ideas is to see what the best investors are buying and selling. You can find this information at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can also read posts on investing from the best traders, as well as share your own investing ideas. There is also a charting feature , so you can see how your portfolio performs compared to the S&P 500.
Here are this month's best traders:
http://www.top10traders.com/Top10Standings.aspx
Good luck. |
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stock.expert
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Hi, i suggest a great site with plenty of Issues related to your Investing and everything around it. it also provide clear and accurate answer to many common questions.
http://investing.sitesled.com/
I am sure that you can get your answers in this website.
Good Luck and Best Wishes! |
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costrason11
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With day trading you need to do research reading the Financial Times. Need to find sectors of the stock market i.e Utilities, IT, Retail, and find out the sectors/markets that are performing well over a given period. If you are buying a stock for 1 day only and the price doesnt move up to give you a profit to cover your dealing charges, likely outcome is that you are stuck with the stock, or at worst making a slight loss. Problem now that the FTSE 100 is now at a quite high level of over 6000 points the level of increase in the market confidence is only going to make day trading more risky. I used to buy shares in the companies stocks that had good fundamentals i.e good business product, and sales and profit reporting history. I would only buy the stocks were the shares had fallen on a number of consecutive days in hope of a return higher. This strategy in the long term resulted in 25% profit a year, though i didnt buy and sell on the same day. The chances of even a experienced trader in making high profit in 1 day is quite low |
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Franco
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Day trading is for investors with long experience, good conacts and large capital, who can negotiate low brokerage charges. They make their profit on very small margins and in your case lack of inside information and high brokerage charges (about 1%) will kill you. |
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VP
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Hi,
Day trading is very profitable but i also could be risky. But I like day trading in forex. Already several years I'm trading sucessfully.
Before beginning you should read and study following books:
Market Wizards by Jack D. Schwager;
Technical Analysis by Jack D. Schwager;
Comprehensive Course on The Wave Principle by A.J. Frost and Robert Prechter;
Candlestick Charting Explained- Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris;
Trading Chaos – Applying Expert Techniques to Maximize Your Profit by Bill M. Williams;
New Trading Dimensions by Bill M. Williams
Trading Chaos II by Bill Williams – Maximize Profits with Proven Technical Techniques by Justin Gregory-Williams and Bill M. Williams
Then I suggest you to visit website www.profitunity.com and order home study course. If you would have possibility then also try to get education in his office. You’ll see how easy you could become successful trader and how easy is trading using his guidance and software.
If you do everything in range as I wrote I believe that you become successful trader.
I could introduce you to one brokerage company in Austria that allows to trade from same account currency (forex), commodities, metals and cfd on shares. Total 500 instruments available; spread from 1 pip. If you open trading account under my referral I provide you for free with trading techniques that I successfully use for several years.
If you have any question please do not hesitate and pm or e-mail me.
Good luck!
P.S. Actually I think that every trader should be day trader, swing trader and scalper accordingly to the market movement |
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manbearpig
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I give you Monday you give me Wednesday.
(sorry, I just had to. I'm in a very giddie mood right now) |
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