Day trading the Dow Jones is not simple, and most who try it fail. Day trading is about a lot more than just guessing which direction a stock or an index might move, and then hoping that that plays out. In the DailyFX Traits of Successful Traders research series, we looked at how risk management was an important determinant to one’s failure or success in the forex market, and this same type of rule can be applied to trading stocks or indices.
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11/ I know what you are talking about, I tried to daytrade as a profession for some month but had to discover that I am not able to make money with daytrading (sometimes you think it works and you win 100 000 but you have to give it back over the next periods). I assume there might be some guys who have success in daytrading.
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Independence. Many day traders are self-employed, working by themselves and answerable to no one. They are true entrepreneurs living by their wits and, hopefully, reaping the benefits of their own decisions.
SubjectView as Bath Gear Apple Don't believe advertising claims that promise quick and sure profits from day trading. Before you start trading with a firm, make sure you know how many clients have lost money and how many have made profits. If the firm does not know, or will not tell you, think twice about the risks you take in the face of ignorance.
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