HOMEMADE LOVING'S - The Ultimate Daytrading Guide - Invest Intelligently Step by Step And Earn Money With Stocks, CFD & Forex

The Ultimate Daytrading Guide:

Invest Intelligently Step by Step And Earn Money With Stocks, CFD & Forex

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Opening Remarks Opening Remarks You want to know what daytrading is? Have you always been interested in this impressive world of the stock market? Then you should definitely read this guide. Day trading refers to short-term trading on the stock exchange. In this process, traders try to exploit the fluctuation margins of stock market prices. Many people think that as a day trader you are a gambler. They compare trading with betting and see the stock market as a kind of casino. However, this is a very big misbelief, because there is more to trading on the stock exchange than just gambling. Day traders are always on the lookout for profitable price fluctuations and try to profit from them. It is true that there is a lot of speculation about stocks, currencies or futures, but there is a lot of work behind these speculations. As a day trader, you must be prepared to trade and trade every day in order to make a profit at the end of a week. For beginners, professional day trading is an elaborate procedure. A trading plan has to be created, a trading strategy has to be worked out and a lot of discipline has to be shown. Without patience and discipline you can achieve very little in this business. A day trader, unlike a normal trader, trades in a very short time. They open positions and a few minutes or hours later they close these positions again. Sometimes it may even take a few seconds. Sounds like an exciting business? It is! Price developments play the most important role in day trading. However, these price developments can also be very susceptible. If, for example, negative news is published, this can have a strong influence on price developments. You already notice that as a day trader you are exposed to a very high risk of loss. For this reason, you are probably wondering whether day trading is a real profession at all. Just in advance: It can be regarded as a real profession! But why is neither training nor study necessary for day trading? Why does the profession of a day trader expect so much knowledge, but no professional qualification? What makes this hobby, the profession or also the pastime so interesting and how can you start with it if you don't know anything about the whole topic? These and many other questions are answered in this guide for beginners.

Basics Basics In order to survive on the stock market, it is important to learn some basics. Many beginners jump at daytrading indas without preparing well beforehand. Unfortunately these are not very successful. The following chapter is important for your success.

Basic information about the stock exchange

What is Daytrading?

The difference between trading and investing

What does a daytrader do?

Daytrading Strategies

What is traded?

Day trading in real time

What is a broker?

Strategies that really work

Scalping

Momentum Trading

Contra-trend trading

Pivot point trading

Automated trading

Trading Strategies For Beginners

What else needs to be considered?

Why is day trading so hard?

Chart Patterns and Indicators

What Beginners Have to Do Now

Successful Trading

A high-risk job

Daytrader as a profession?

Typical beginner mistakes

Step by step to a successful trading strategy

The Simple Rules

An art with clear rules

The Trading Plan

Trading is Business

What does success in trading really mean?

What is Postion Sizing?

How often should you trade?

Daytrading Advantages and Disadvantages at a Glance

Advantages

Drawbacks

Who is suitable as a day trader?

Money Management

Daytrading Psychology

Important Technical Terms

Closing Remarks

You want to know what daytrading is? Have you always been interested in this impressive world of the stock market? Then you should definitely read this guide. Day trading refers to short-term trading on the stock exchange. In this process, traders try to exploit the fluctuation margins of stock market prices. Many people think that as a day trader you are a gambler. They compare trading with betting and see the stock market as a kind of casino. However, this is a very big misbelief, because there is more to trading on the stock exchange than just gambling. Day traders are always on the lookout for profitable price fluctuations and try to profit from them. It is true that there is a lot of speculation about stocks, currencies or futures, but there is a lot of work behind these speculations.

As a day trader, you must be prepared to trade and trade every day in order to make a profit at the end of a week. For beginners, professional day trading is an elaborate procedure. A trading plan has to be created, a trading strategy has to be worked out and a lot of discipline has to be shown. Without patience and discipline you can achieve very little in this business. A day trader, unlike a normal trader, trades in a very short time. They open positions and a few minutes or hours later they close these positions again. Sometimes it may even take a few seconds.

Sounds like an exciting business? It is! Price developments play the most important role in day trading. However, these price developments can also be very susceptible. If, for example, negative news is published, this can have a strong influence on price developments. You already notice that as a day trader you are exposed to a very high risk of loss. For this reason, you are probably wondering whether day trading is a real profession at all.

Just in advance: It can be regarded as a real profession! But why is neither training nor study necessary for day trading? Why does the profession of a day trader expect so much knowledge, but no professional qualification? What makes this hobby, the profession or also the pastime so interesting and how can you start with it if you don't know anything about the whole topic? These and many other questions are answered in this guide for beginners.

In order to survive on the stock market, it is important to learn some basics. Many beginners jump at daytrading indas

without preparing well beforehand. Unfortunately these are not very successful. The following chapter is important for your success.

The stock market trades in stocks, commodities such as gold and silver, bonds and interest rates. The prices on the stock exchange vary very strongly, so that there are no fixed prices in advance. But who can buy on the stock exchange? Anyone can participate on the stock exchange as a buyer or seller. Anyone can therefore participate in exchange trading, usually by electronic means. Whereas shares used to be delivered in physical form, nowadays they are only traded virtually. To ensure that everything is fair and transparent, there are fixed rules and companies that monitor transactions on the stock exchange. Basically, the stock exchange is nothing more than a market in which offers to buy and sell are brought together and settled via third parties.