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In my understanding, if we compare long term trading to be as easy as driving a car, day trading will probably be as easy as flying a space ship to the moon!You need a bit of capital (to get over commissions) & a bit of balls & a lot of alcohol I researched the idea, not recommended to amateurs (less than few years trading experience) otherwise you'll be wasting your time & money.I bought "trading for a living" by Alexander Elder, it was a good read but for an amateur like me, I felt more comfortable doing short - medium term trading (few days to weeks), also book clearly mentioned that you have to learn how to walk before starting to run!In short - medium term investments & with a lot of research on your potential companies you tend to understand more about your potential investment & using few indicators you can hopefully get in at the right price.I'm still a newbie (2 years experience), so I could be wrong!
In my understanding, if we compare long term trading to be as easy as driving a car, day trading will probably be as easy as flying a space ship to the moon!
You need a bit of capital (to get over commissions) & a bit of balls & a lot of alcohol
I researched the idea, not recommended to amateurs (less than few years trading experience) otherwise you'll be wasting your time & money.
I bought "trading for a living" by Alexander Elder, it was a good read but for an amateur like me, I felt more comfortable doing short - medium term trading (few days to weeks), also book clearly mentioned that you have to learn how to walk before starting to run!
In short - medium term investments & with a lot of research on your potential companies you tend to understand more about your potential investment & using few indicators you can hopefully get in at the right price.
I'm still a newbie (2 years experience), so I could be wrong!
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