If you want to get started in day trading, doing some preparation before you dive in dramatically increases your odds of success. From setting up your trading business (and it is a business) and learning trading jargon to tracking the markets with technical indicators and calculating your performance, these articles get you on your way.
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Equipment for a Day Trader’s Office
If you want to work as a day trader from a home office, the right equipment will let you act quickly when you need to trade and help you stay organized. Here’s the basic setup you’ll need:
Day-Trading Lingo to Know
Every business has its own special language, and day trading is no different. Here are a few terms you may come across:
Trading with Technical Analysis Indicators
Using technical analysis, day traders often look for patterns in recent prices and trading volume to determine whether a security is likely to do especially well or especially poorly. Here are brief definitions of some technical indicators you’re likely to come across:
Calculating Your Day Trading PerformanceBest Day Trading Books Free Download
The goal of day trading is to make money, but when the trades are coming fast and furious, figuring out how you’re doing can be hard. Here are a couple simple ideas that let you gauge your performance as a day trader:
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