The Very Basics of Day Trading
Trading: the most basic definition of trading is buying and selling of stuff, in regards to trading it is referred to the buying and selling of securities, and this is the basic aspect of day trading, the only real difference is with the investment being sold really quickly, the aim of a day trader is to do several trades in a day and make small profits each day, the moving stocks which go up and down multiple times in day with very little margins is exactly where the day traders take their profit out, the trading can be anything from a currency, a commodity like a crude oil or anything. Day trading is when a traders opens and closes all the stocks in a day, this frequent trading method has its advantages and disadvantages, the most obvious advantage is that you are not taking the risk of overnight losses and everything closes right in front of you, the downside is that you can only take advantage of moving stocks in a day.
One can invest in individual shares or in index which is a group of stocks, and that is the option you have even as a beginner but there are certain securities under certain markets which you should stay away from when as a beginner, your broker or you mentor would guide you through that and before you select a broker make sure that you have a mentor, an online support which is the go-to person or a forum that solves your issue and answers your questions because there are a lot of scammers out there hunting especially for beginners. If you want to learn the basics about day trading and know more about how a mentor can help you build a better profile then click here.