Day trading is a legitimate, viable business that thousands of people earn a living at each and every day. Don’t let the mass media or internet have you think otherwise. As with anything, good trading is about hard work and discipline.
HOW TO GET STARTED IN DAY TRADING: TRADING ACCOUNTS
There are various ways you can get started in trading, however the worst thing you can do is to randomly open up a brokerage account with a lot of money and then start pushing buttons. This is a serious business for serious people. Just like anything else, you need to do your research and homework on where to ‘hang your hat.’ Obviously getting an education is crucial.
Can you think of any job you’ve ever had (outside of ditch digging) that didn’t require a specific level of education and/or training? Most companies require a college degree these days, and if they don’t they certainly require a high school degree. Despite having either or both of those educational diplomas, almost every position in the world requires some level of on the job training. Why? Because you don’t know what you don’t know, and in most companies there are specific ways of doing things because they are proven successful! Trading is no different. If you want to be a consistently profitable trader, you will need education, training, and of course real market experience.
