What Makes Day Trading Profitable, How Can I Get There?

Is day trading profitable?To answer this question shortly is not difficult since there have been very objective studies carried out by major universities to determine whether it is really profitable or not.  Not surprisingly the results showed that day trading is just as profitable as any other form of stock market trading considering the profit making ability of individual traders. Brokerage companies can provide researchers accurate data about all trades closed, including intraday contracts so these studies contain empirical data. The findings show that roughly one in five-day trader is successful which is in line with the general average performance of the broader stock market which shows that only 20 % of all participants are successful. Dat trading requires you to be fully prepared and armed with all types of indicators, the essential one is the MT4 Candle Timer Indicator. If you want to see evidence of this just check out the study below. This, however, will not make you see what makes day trading profitable.

How can a day trader be successful then?

How is really the key question here… but if I answered that in a satisfactory manner so you could take money out of day trading on a regular basis you would not need to do anything else anymore because you would soon be self-sufficient and independently wealthy.

Why is that?

Well, the answer is the stake size you are trading with, that is the money you can put on a single trade. If your account capital is steadily growing it means you are able to trade with more money per each trade which in turn grows your account capital even faster… it is pretty much in a linear progression, one leads to the other and the stake size grows. The more money you trade with the more money you make on every single trade. You are going to have losing trades as well but here I just explained the overall monthly performance. The start point is to download MetaTrader 4, that is what really matters after all. If how is the key question I need to give you some clues.

Obviously, I am not saying that it is easy to learn day trading… it takes a lot effort and learning to acquire the skill set a professional or successful trader has. You are not going to learn it from books, just like the swimming example on my Home Page. Until you hit the water you can read as much as you want about swimming. You can learn about the breathing techniques, strokes etc. but you must be doing it in water for quite a while before you can say: “Wow, I am swimming!”

Therefore the best way to learn day trading is to learn from someone who has been successful in the market and possibly trade along with them.  If you find the right kind of education and do not waste your money on countless strategies or indicators you can really be successful …but even then it will take some time to achieve consistency.

Winning Forex Trading Strategies, who Really Wins…

There is no shortage of brokerage companies or trading education providers that run promotions to draw people into the financial markets. The Forex market, in particular, has been made very popular lately with a huge amount of new beginners gaining their first hand experience there. They are equipped with recently purchased ebooks, customised indicators, trading robots or “winning” Forex trading strategies without knowing anything about this industry or other markets.

Do you know the basics about trading strategies or just keep buying them?

Money making trading strategies (I don`t like the word “winning”) are embedded in trading systems or methods developed by good, solid companies or successful traders and they are mostly based on Technical Analysis. To find reliable strategies to trade any market at all you need to understand the system behind them. The trading systems professionals create and use have proper trade management incorporated in them which is the single most important element of success in trading! If you learn from professionals you will also be advised about market fundamentals and the risks involved in as well.

How can you make your trading profitable without the long initial “losing streak”?

First and foremost… it is not a “losing streak, it is incompetence! Trading is not gambling, there are lots of people who make money by trading securities and some are immensely profitably. Absolutely, it is possible to become a profitable trader and the process can be fun, exciting and rewarding and it can also be painful and sad, it depends on the way you go about it.What is the problem then?

Unless beginner traders get proper trading education the odds are not in their favour. Although ample warning is given about leveraged trading products a very large number of new traders still fail and often lose all their money simply by ignorance or careless trading. The promotions all suggest that it is quite possible to make a full time living or at least an additional income stream from active trading or day trading. Well, of course, these companies do not lie because it is possible, the more important question is what it takes to get to a proficient enough level of trading to achieve that.

How long does it take to train as a … plumber for example?

“Well… you should not really think about such silly questions. You do not need to look any further, our company is here to help. If you start plumbing with a very small amount of equipment, you do not need much initially at all, you will manage all right!”

Would you seriously believe this?

Or …”If you buy my plumbing robot it will make you a fortune, just program it once and every now and then keep an eye on it… OK, not working? How about buying my winning plumbing strategies ebook then?”A last warning…

Statistics show that percentage wise a lot more traders fail in the Forex market that in other markets.

Online Future Option Trading … Informed to be Successful

Online trading has become hugely popular nowadays due to the incredible advance of Information Technology. Most big brokerage firms offer amazing high-tech access to any financial market online, future option trading …or you name it!

If you are a beginner trader high-tech access means that they provide you the opportunity to trade the markets like a professional trader not suffering any disadvantage. They will most likely supply all the necessary trading tools as well.

Proprietary trading at its best… get involved

The Founder, Owner and Chief Trader of a highly successful private trading firm in California, Dr. B Burns is now offering his copyright protected trading strategy and precise video or personal trading room instructions to his trading system. He and his team of expert traders have made millions of dollars trading the very same system.

I am an ex-broker, certified financial adviser in Europe (no longer active) and personally took several of his courses, loved them, and learned a lot from them…Not sure if you should get involved? He offers an Introductory 5 day course… and it is completely free.

He has 5 videos that walk you clearly through some of the most powerful trading material I’ve ever seen. Let me share some information with you about the author:An amazing online Brokerage firm to trade futures or options in America…TradeStation  (award-winning trading platform, charting software and online brokerage) is outstanding. In any case, make sure you choose a big reputable and locally (in the same country) regulated Brokerage firm to know your trading capital is in safe hands.

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