:: real day trading

time to give it a go for real!

The basic day trading training you have just gone over will help maximize your chances of success. As we keep saying, day trading is a business like any other, and the reason why most businesses fail is because of lack of preparation, not lack of capital. What we mean by this is that if you have $750, discipline, the right tools and the will to succeed you can do it. It IS hard work, but then again the rewards of day trading can be fantastic. To sum up, before you start day trading you must know some important day trading basics, you need to use a direct-access broker (DAC) or spread betting account to obtain the best fills, you need to understand concepts like the "bid" and "ask", order types (market, limit, and stop orders) and you must also get a grip on advanced trading concepts like Level II, Electronic Communication Networks (ECNs), the role of market makers, benefits of order routing and technical analysis (Support! Resistance!). Once you have opened your account, you can try paper trading with the trading software in simulator mode until you are ready to try it for real. At this point, we can only say... Go Get 'em, Tiger!

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