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- Herausgeber: David Hewitt and Andrew Peter
- Kategorie: Fachliteratur
- Sprache: Englisch
Do you want to successfully day trade with confidence and skill? If so then keep reading…
Are you wanting to get into trading but unsure of where to start? Do you want to increase your current income? Are you already an investor who needs to gain more confidence?
The solution “The Advanced Day Trader Guide“ this book will show you how to read and anticipate the market so that you are able to confidently make decisions about your investments.
In this guide, you will discover:
- A simple trick you can do to make money.
- The best day trading strategies.
- The one method to become a more skilful trader.
- Why having a trading plan is important.
- Understanding why some people will fail to be profitable!
- And much, much more.
If you want to achieve financial success and start or enhance your day trading journey, then click “Buy Now” in the top right corner NOW!
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Veröffentlichungsjahr: 2020
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David Hewitt & Andrew Peter
The Advanced Day Trader Guide
Table of contents
Introduction
Chapter 1: How Day Trading Works
Chapter 2: Risk and Account Management
Chapter 3: How to Find Stocks for Traders
Chapter 4: Tools and Platforms
Chapter 5: Introduction to Candlesticks
Chapter 6: Important Day Trading Strategies
Chapter 7: Step by Step to a Successful Trade
Chapter 8: Next Step for Beginner Traders
Conclusion
Introduction
Congratulations for purchasing The Advanced Day Trader: Follow the Ultimate Step by Step Day Trading Strategies for Learning How to Day Trade Forex, Options, Futures, and Stocks like a Pro for a Living! and thank you for doing so.
The following chapter will discuss why day trading. You will know why day trading is essential and how you can conduct it to achieve your primary aim.
There are numerous books on this topic out there in the market, thanks again for choosing this one!
Every effort made it is to make sure that it is as much full information as possible, please enjoy
Why trading;
Trading is the buying as selling of sound as well as service. You need to be active in the participation of the practices that you can do in the financial market. The more successful you are likely to depend on your ability to make a profit in a certain period. The time that you will decide to engage in trade will be valuable on the strategy that you will use and the advantage that you are going to make.
Day trading will give you a chance to open as well as several close positions in a day. While in swing trade, trade is likely to take a few days and can even go for weeks or months. The two trade types can work best for you, but it will depend on your capability. The time that you have will determine the trade that you will involve in since some take more time than the other. The circumstances that you are in will dictate the deal that will suit you. The swing will accumulate gains as well as losses in a slower than day trading.
Chapter 1: How Day Trading Works
Day Trading vs. Swing Trading
Day trading is the purchase, as well as sales of a commodity within one trading day. It is more likely to happen in the stock and foreign exchange market.
Swing trading is the buying and selling of a stock that indicates either an upward or a downward movement in the days to come.
Some differences you will see in between the two forms of trade. The differences include:
Risk
Day trading is riskier and can make the debts to accumulate faster. The day traders use margin that leads to high profit, and when it comes to losses, they go a massive failure. The money that you will use in day trading will be borrowed, and when you go a loss, it will hit you hard. When it is your first time in the trade, you heed to be careful because you are likely to make loses fast. When you get in the market without adequate of how you will run it, you will be practicing gambling.
Swing trading does not rely on borrowed money and so you no need to worry about how you will offset any debt. There are lesser chances for you to lose your money since there are numerous approaches on how to manage the risks.
Time Commitment
Day trading will need you to be fully committed, and it will take a considerable amount of your time. As a trader, it requires you to change your positions in small time intervals. You need to do so to make sure that you are in a place to make a good profit. Such kind of commitment will make you have a lot of stress. You will not have much time for your daily activities since it is a full commitment. You need to be alert always so that you can know when the market is open. The time is limited to trade and only specific hours of the day that the deal can happen.
Swing trading makes use of time frames, which are a bit longer. You can hold your security for a few days or even at times weeks. Despite that you need to monitor your position so that you can make a profit, you will have enough time to adjust. You can do swing trading as a part-time job while as you undertake other responsibilities. That level of flexibility will work better for you if you want to make a profitable trade without involving your too much time. There is no time limit when you do a deal. You can look for trades and place your order at any time, even when the market closes.
Stress
Day trading has an association of weight since you need to make sure that you are in a safe position. You need to have discipline and be decisive when dealing with such markets. You have to put in hard-work since you are competing with professionals who have devoted their life in day trading.
Swing trading, on the other hand, can be even appropriate to people who have little knowledge about finance. There is less stress associated with this, and for someone not ready for full-time trading can practice swing trade. It is a better option and less risky.
Startup Cost
When you get in day trading, you are likely to compete with high-frequency traders as well as market professionals. Such people will do everything within their ability to have trading advantages. If you desire to get into the trade, you will need to put in place a state-of-the-art software. You as well need to have a platform and up-to-date technology. Swing trade does not require such significant startup capital. You need to have either a computer or a laptop. Conventional trading items are all that you require getting into the trade. You do not have to sweat so much when looking for how to find your way.
Buying Long, Selling Short
When there are price changes in any stock despite the direction it takes, there will be either loss of profit. The reason behind this is the variance of buying long and selling short. The aim that everyone has when getting into a trade is to buy when the prices are low and sell when the prices shoot. That will make sure that there is some profit out of any business that we conduct. Nevertheless, some investors do vice versa.
Buying Long
Anytime that you buy a stock, you do that hoping that at the moment you will be selling, it will have risen. When you do a proper survey on stock, you are likely to make a high return. You need to buy a share and hold it for some time as you await its prices to go up. Buying long positions and holding them for a long time will give you a good return.
A long trader always hopes that the price of any asset that they dispose of will have a price increment. They are forever standing in an open position, and they can go long. When they go long, they will be no limitations on their profit potential since the asset price can go up any time. The risk their stock is getting to zero is limited. When they make several small moves, they are likely to make a profit and can control the risks as well as gains.
Buying long is the method that is, in most cases, made use in the market. When you invest in buying long, you will reap good profits within a short period. The profit made need not for anyone to work extra hard. You will dispose of the stock once the price in the market goes to the levels that you desire.
Selling Short
Pessimists, as well as opportunists, like it when they are selling quickly, and that is how they play. When someone wants to sell short, they do that intending to sell high prices and buy back at lower prices. They don't sell their shares, but they sell borrowed shares. Some companies will lend you the shares when you open an account with them. You are not the real person who poses the shares, but for the period you own them, you can lend them. A short seller can borrow them and put them to sale in an open market. The short sellers will be needed to pay interest to the brokerage company that has to lend them the shares. The interest rates will be different o the size of the account. The short seller always hopes that the prices will fall with times so that they can buy and put for sale. That will make them have big profits making it worth them being in the business.
When you get into selling short, you sell an asset before buying it with the hopes that the prices will drop. When you get into short selling, you will have to pay interest on the money that you will borrow. The money you use to do trading is not your own since it is acquired and so the need to pay for dealing with it. The interest will accumulate during the period that you are holding stock. For you to realize a profit when you are in short selling, the proceeds need to be higher than the cost. Your statement will not change when you borrow the shares, and you have not put them on sale. That will mean that you like the short seller, you will have a short position on the stock that you borrowed.
