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Day Trading: Quick Starters Guide To Start Day Trading
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THIS BUNDLE INCLUDES THE FOLLOWING BOOKS:
A Beginner’s Guide to Day Trading: Discover How to Be a Day Trading King
Day Trading: The Ultimate Guide to Day Trading: Uncovering Day Trading Profit Making Secrets
Day Trading: Strategies on How to Excel at Day Trading
A Beginner’s Guide to Day Trading: Discover How to Be a Day Trading King
Chapter 1: The Basics of Day Trading
Chapter 2: What are the Rules of Success?
Chapter 3: A Key Analysis On How to Master Day Trading
Chapter 4: Further Analysis On How To Succeed At Day Trading
Chapter 5: Additional Day Trading Strategies
Chapter 6: The Best Platforms for Day Traders
Day Trading: The Ultimate Guide to Day Trading: Uncovering Day Trading Profit Making Secrets
Chapter 1: Successful Day Trader Characteristics
Day trading is often a misunderstood investment, but it can be one of the best if you want to make money now, rather than waiting for the long term. You will work in the stock market, but instead of making a purchase and holding onto a stock for months and even years, the day trader will make purchases and sales of the same stock, all in one day. It is an exciting investment opportunity, but it is important to learn some strategies to get the most out of your investment.
Inside this guidebook, we are going to learn the steps for success in day trading. Some of the topics we will explore include:
The basics of day trading
The rules for success
How to complete a key analysis to master day trading
Further analysis on how to succeed at day trading
Additional day trading strategies
The best platforms for day traders
When you are ready to put your money to work with a great investment opportunity that provides you with an income each day, day trading is the answer for you. Check out this guidebook and learn everything that you need to know to get started in day trading.
Congratulations on downloading your personal copy of A Beginner’s Guide to Day Trading: Discover How to Be a Day Trading King. Thank you for doing so.
The following chapters will discuss some of the many things that you should know to get started with day trading. Day trading can be a great way to make money from purchasing and selling your stocks all in one day. We will discuss some of the basics of day trading, as well as many of the different strategies that you can use, such as a fundamental analysis and a technical analysis, to make sure that you see success in this investment.
There are many different options with day trading and if you work on your research ahead of time, it is easy to make a good income. Day trading has gotten a bad name because many beginners turn it into a gamble, taking on more risks than necessary and losing out on everything. But a true day trader will do the research, weigh the risks, and make decisions that limit their losses.
When you are ready to learn the different aspects of day trading and how to make this investment work, check out this guidebook and learn all about day trading for your needs.
There are plenty of books on this subject on the market, thanks again for choosing this one! Every effort was made to ensure it is full of as much useful information as possible. Please enjoy!
Investing your money is a smart financial move to help your income grow without having to put in more hours in the office each day. There are quite a few investment options that you can choose to go with depending on your interests, amount of time available, and how much money you would like to earn. Some investors like the idea of placing their money into a retirement plan and keeping it safe there. Some investors like being in the real estate market and owning property to make their money. Investing comes in many shapes and forms and the trick is finding the option that works for you.
But an option that many investors miss out on because they simply don’t know about it is working on day trading. This is a form of investing in the stock market, but rather than holding onto a stock for a few years or longer, you will make your purchases as well as your sales all in the same day. This requires a good understanding of the stock market, the trends that are going on in the economy, and understand how quickly the market can turn in just a day.
With your day trading, you will need to pick out the stocks you want to purchase, make the purchase, and then sell them by the end of the day to make a profit. There are a few different strategies that go with this and often they make just small profits per each one, but when you add these together over a few days, you are going to see some results of huge profits for you. Some traders choose to borrow money in order to take advantage of some of the smaller price movements in the market, but you should be careful with this in the beginning.
Before you make a purchase, you need to understand the market well enough to know that there will be an increase in the value of the stock during that day. While most stocks stay fairly steady over the years, slowly going up a little bit over the long term, there are quite a few fluctuations that can occur in that stock from day to day. This is where the day trader will be able to make their money. They can take the variations that occur in a stock during the day and predict where it will go before making the purchase and hopefully seeing a profit.
The main idea with day trading is that you will be able to enter the market at the beginning of the day, looking for a stock that has a low price. After a bit of research on this stock, which you have probably been doing for a bit beforehand anyway, you will expect that the price of that stock will go up by the end of the day at the latest. With the right plan in place ahead of time, you will purchase that stock at the low price and then by the end of the day sell it for a higher price to make your profit.
There are many factors that come into play concerning the amount of profit that you will make. The amount that you paid for the stock, how high the stock goes during that day, and whether you released the stock before prices started falling again will all determine how much you are able to make. When it comes to day trading, you often will not make a big profit on individual stocks because of the brevity of your trading. But when you make many trades throughout the day and do this each day, you can start to make a good income with day trading.
As a beginner, it is important to realize that day trading can be a great way to make a profit in the stock market relatively quickly, but it is also possible to lose some money in the stock market as well. This is a risky investment because the time period is so short in day trading and often this results in inconsistencies and issues with watching the trends. Over time, you will become more familiar with the charts and tables for the stock market and you will be able to make better predictions.
The next question that many beginners have is what they are able to purchase and sell in day trading. The good news, you will be able to trade in anything that you want on the stock market. Many people stick with equity stocks because of all the options that come with them, but you could branch out to other components if you wish for day trading. Even penny stocks can be useful, but most beginners stay away from this because there aren’t that many buyers and sellers, which makes it hard to do the trading in one day.
One niche that is popular with day trading is currencies through Forex. This specialty will need some research and knowledge of the market, but it can work well since there is a high volatility and liquidity for these options. If you do trade in currencies, make sure that you keep updated on the various currency exchanges; just a little shift in one could cause shifts in other currencies as well.
These are a few of the niches that are popular with more experienced day traders, but as a beginner, it is best to stick with the stock market. The stock market poses the lowest risk and you will be able to pull up a lot of charts and details to help you make accurate predictions. The liquidity is also there so you shouldn't have issues with purchasing and selling the stocks that you want to trade that way and since the stock market is full of options that stay on a consistent pattern, you can really start to see which ones will work for you.
The benefits of day trading
Day trading is a great investment option that you can choose when first starting out. Whether you decide to do this on the side to learn the ropes and make your money grow, or you are looking to turn this into a full-time income, there are options for everyone who would like to get started.
The first benefit of day trading is that you will not have to worry about overnight risks. Many other stock market investments have issues with what can happen to the stock overnight. This can be especially true if you work on stocks in other countries, or ones that rely on these other countries, because a lot can change in that time. When you choose day trading, you will be able to make all of your purchases and all of the sales in one day, finishing up before you go to bed that night. As a day trader, you are not going to be concerned about what happens to the market that night. Worst case scenario, you just take a day off from trading if the market goes way south and you don’t see it going back up.
Many traders like day trading because it provides them with a lot of options. You are able to pick from working on the stock market to picking options, to work on securities, and even working with different currencies if you would like. As the trader, you need to decide which market you are most comfortable working in before starting.
The options for the strategies you are able to use provide a lot of variety in day trading. Each trader has their own strategy in this game and many times more than one strategy is going to work to bring you money. It is your responsibility to learn more about the strategies, which we will discuss in more detail later, and then stick with the one you choose. As you get more familiar with a strategy, t will become easier to recognize the stocks and options that fit with it, and you will see your income grow.
So now that we know a bit about the basics of day trading, it is time to learn some of the strategies that you can use to help make your trades profitable. A technical analysis is one of the best strategies to use in day trading because it allows you to take many different aspects of the stock into consideration before making the purchase. Unlike some of the other strategies, the technical analysis is not going to have you look at the stock or all the fundamentals because you are really just holding onto this stock for a day or less, so these don't matter as much.
The short-term trades in day trading is what makes this a different type of investment compared to some others in the stock market. You aren't going to worry so much about how solid the company is because you are just worried about how it will behave today. If the stock ends up going downhill after today, you can always look for another option. In day trading, there are a few things that you will need to understand and watch out for to help you to pick out the right stocks including:
Volatility: to see success, you need to see that the market is moving and that the price of your stocks is not stuck in one place. If you look at the price of the stock and see that it doesn’t have fluctuations in the price, it is not a good one to invest in. Preferably, you will want to find a stock that starts out at a low price point but will go up during the day so you can increase your profits. When looking at the charts for a particular stock, you want to see it go up and down in some sort of pattern; this pattern will help you to determine when you should enter and when you should sell the stock.
Liquidity: not only are you looking for the price of the stock to move throughout the day, you need to make sure that there is enough trading volume of the stock for it to be worth your time. Nothing is worse than getting a stock and making the investment, just to find out that no one else is interested in the stock and you are stuck with it. Look for a stock that not only has a pattern with the price point but will also provide you with enough buyers and sellers so you can leave the market when you want.
The parts of a technical analysis
To start a technical analysis, there are a few factors that will come into play to help you see success. Learning these parts and understanding how they work will help you to pick the right stocks and earn a profit as well. The main parts of a technical analysis include:
So the first thing we want to look for when working on a technical analysis is the volatility of the stock. You will notice when looking at the stock market that there are plenty of shares that are traded in the various markets, and these trading decisions are going to be made by investors and traders, all of which are going to try and keep their own interests in the forefront without really caring about how others do in the market.
If the prices of the stocks are moving around, this means that there are many investors who are purchasing and selling the stock. This is good news for the day trader because you have a better chance of finding options that can be profitable for you. You may notice that when big events go on with a company, the volatility of that stock will change as well and this can help you to earn more if you can make the purchase before prices go up; this is why watching the news and trends in the market can be very beneficial to you.
As a beginner, it is important to learn how to recognize the signs of volatility inside the market and see the patterns that happen. This will help you to understand when there is a lot of movement in a particular stock and can make it so you get in when the prices are low and sell when they are high.
When you hear the word liquidity inside the stock market, you most likely hear it when people talk about how much trading is going on with your stock. Since day traders are working on a limited amount of time to make their purchases and their sales, they don’t want to end up in a situation where they aren’t able to find someone to purchase their stocks later on. A market that is liquid is considered good because it provides the investor with opportunities to make some good purchases while also allowing them to find a buyer later on whether the market goes up or down.
As you get into this investment, you will start to notice that there are some markets that aren’t liquid. In these markets, you will find that it is hard to purchase stocks and it is almost impossible to sell them later on, especially when you only have a few hours to do both. Without the opportunity to make purchases and sales, it is hard to make a profit in day trading so it is important to stay out of these markets altogether.
Pivot points, resistance, and support
All of these are points that you should know about to make a technical analysis. They are all mathematical equations that can take the recent performance of your chosen stock and will help you to see if they are good to work with. The first one is the pivot point and to work with this one, you will need to get information from the closing from the day before; specifically, you need to find the high, low, and the close from the previous day. Then you are able to use this formula to come up with the pivot point:
(high + low + close)/3
Remember that you are able to get this information from the previous day. Using the pivot point can be a great way to start because they reflect the different trading levels that are the most recent and when you take a look at them, you will be able to notice whether some shifts are on the way. Or example, if you notice that the stock is going higher than your pivot point, your closing is most likely going to end up higher than the previous day, as long as something drastic doesn’t happen during the day. If you notice that the stock prices are lower than the pivot point, the closing will end up lower than the previous day.
Now that we understand a bit about the pivot points, you are able to use this information in order to figure out the resistance levels and the support levels. The formulas that you need to find out these points include:
The resistance level is basically the price that the stock will not go above for at least that day because it is too high. If a stock does go above the resistance level, this is called a breakout and usually, there was a big event that caused this to happen that the numbers would not show at all. The support level is the level that the stock will not go below, and it follows the same idea as the resistance level. In most cases, as long as external events stay the same, the stock is going to remain pretty consistent.