How do I get started day trading?
460925
'John Blaze' is full of sh*t; you don't need $25K to daytrade. Open a brokerage account. Study John Murphy, "Technical Analysis of the Financial Markets". Don't trust money managers; they will rip you off. Take control of your money. Find a stock that has huge price swings daily or weekly such as Juniper Networks or Redback Networks. These are high 'beta' stocks. Depending on your age, part of your portfolio should be speculative. If you are in your 20s and your portfolio is less than 100K, then definitely you should be using your knowledge and investing in high beta stocks to profit greatly from their daily and weekly price swings. You have the years to do that. 'Short' the stock when it goes down, and go 'Long' when it goes up. As your portfolio grows to a couple Mil or so, then you can pull back and put some of it in stuff that is a little lower beta such as the QQQ. As an example of how well you can do by taking control of your money: if just do your normal 1% per day on that 100K porfolio over a year through profiting from the swings, how much would you have after one year? You got it my friend, way over $$$1Mil!! Give it whorl, go for it!
1144267
start saving from today
455191
If you have a knack for playing the commodities markets you can do that. Easy to make 3,000 to 4,000 a day. Also easy to loose 3,000 to 4,000 a day.
305287
"A Random Walk on Wall Street", by Burton Malkiel  is a great book. Also read these websites if you are thinking of day trading:
585700
The proper platform for Day Trading is RealTick at TerraNova. It will cost you $275/mo. No other online broker comes close, so save yourself a lot of effort. You have to have immediate executions, the most tecnologically advanced system in the world (an edge), and a vast array of indicators. This is RealTick.\n\nWhether you make money is up to you.
10142
If you have a margin account, you can trade immediately with the money.  Don't be classified as a pattern daytrader, you can get a margin call.  Exceptions are if you have over $25,000 in your account.  \n\nWith a cash account the settlement date is usually three business days after the trade was executed.
509826
It all depends on which investment strategies you like to implement.\n\n1.) For day trading, buy this stock in Scottrade for $7/trade\n\n2.) For one time purchase and holding for long time, use sharebuilder.com, if you join costco.com and you will get $55 as bonus, the transaction cost is only $4.
353819
I am not at all expert in forex trading however, based on my experience i must tell u a few things.\n\nMost of the Forex houses tell you that prices are predictable and it is easy to invest money in the morning and reap a profit in the evening, but THIS IS PLAINLY INCORRECT.\n\nForex prices are extremely volatile and with so many things having an impact on the prices it is almost impossible to predict daily move (i.e. where the price will go on a particular day). I repeat, regardless, what a forex house and their staff claims, taking a position for a single day is very close to gambling.\n\nI am sure, your total investment in this venture would be US$5,000 to $10,000. Look around, and you will see that most of the people (with such a small to invest) lose money and walk away within one or two months.\n\nMy sincere advice: if u do not have a lot of money, avoid direct forex trading. If u still want to be in trading, try other things (like options). Study the market and learn the market and there is no substitute for experience. Learn by doing mock trades. Study the market for atleast 6 to 8 months and then jump into it.\n\nAnd by the way, after doing a few mock trades for a month or so...  see how much u would have lost or gained if these trades were real. Most probably you will learn that chances of losing are far more than winning. \n\nI am not suggesting that all this trading game is illegitimate... but it is simply not for a small investor.\n\nIf u are intersted in further discussion, send me a message.
41343
for someone to get started with very little I would suggest them to first have capital. a freind is on his way by making first a go with  with e-bay by just knowing a few people with items and has blossumed like you would not believe.it can be a money maker for some and some excellent finds for other, whichever you choose.\n\nfor some that may not know how much fun it is to browse and/or shop on e-bay-here are some instructions to a very good spot to start out finding excellant products at very reasonable prices. this fellow starts out at very low starting bid prices on knives, i-pods, all tools, fishing equiptment, computers, printers and changes his items maybe every other day.how I think he makes it so good on there is he guarentees his items, sends to any country, and he keeps a 100 percent feedback which means the customers have all been happy.\nsome folks dont know how to dig in there so here is how to get to his site fairly easy and from there click around to an entire new trend for shoppers and sellers alike and.b.t.w., (2000canary is his i.d.)--just get to e-bay and click "buy" then under "buy" theres 2 boxes (go under them)is a search option--click "e-bay stores" search and put in the "2000canary"(dont worry about filling in the other blanks)then click search again. you will notice that its also known as his "liquidators companys" because he has done so well hefeatures a store spot on ebay as well. then happy hunting!!gradually you will learn to watch on ebay and deal with folks that have lots of great feedback to avoid problems, which is tricky at first until youve learned the ropes. this I know, will at least send you to an awesome spot to start with some great deals daily.\nthe items also display a current picture of the product that is up for sale as well. I have alot of fun in there myself. I love to buy fitness c d's because I get bored so easy and I mostly pay 2-3 bucks for them if you catch them on a good day where theres few bidders on line. thats when you can scoop up on the deals, my freind!! \n\niso it seems to me that perhaps to buy and resell if one is agressive enough could prosper well. ywe all have to start somewhere!!\n\n\n \n\nWhat kind of company (with the minimum investment) would be successful ing some type of capital backup.
133628
I have used E*Trade for years.  Low trading price and you can talk with someone if necessary.
782663
Metastock and Tradestation are supposed to be the best, but expensive.\n\nI use Stockwiz for French stocks and end-of-day trading. It's completely programmable, which is what I wanted, but the programming language is somewhat primitive. There is a lot of information and examples on the website.  \n\nhttp://www.stockwiz.com/\n\nCaveat:\n- You still need a service to get your daily stockquotes, which is most likely *not* free
221368
don't know if they are legit. i can tell you that most people who try to day trade, lose money. edcuating yourself on investments can be accomplished by reading on the internet and then going to the library and taking out some books. spend a few months reading and you will be pleased at how much you learn.
688771
Go to EBay and register online. Buying is very easy as long as you have your ZIP code ready and a valid credit card. Trading and selling can be done at certain authorized dealers.
687202
We are of like mind, but because I only have $10,000 to invest, I'm forced to Day Trade index futures. I'm not a Day Trader, but have been a position trader off and on for 15 years, mostly with options and futures. Tough game for the little guy with weak hands.\n\nCheck outthis link at TerraNova Online. The Investor platform is an escellent trading tool for a beginner, and is limited to one screen. I use RealTick and five screens, but it costs $250/mo. Ask about a free trial.\nhttp://terranovaonline.com/\n\nA lot of online brokerages claim to give you direct access, but if they take more than a second to execute your trade, it aint direct.\n\nFind the articles online that have evaluated and compared online brokerages. I found a good one online in Barron's, but you'll find others in the trading magazines. \n\nThis is worth putting a little time and effort into, because it's a pain to switch, so once you choose, you're kinda stuck with it. \n\nTownsend Electronics, the Parent company of TerraNova, is the one that digitized and electronified the Nasdaq. They are technological industry leaders and have a powerful and well built trading system. \n\nWhat you should try is a free trial of their Investor platform, which I think is free anyway. Their rates are good also, but of course, it depends on how often you trade. It will take you months to learn all the bells and whistles of what this program can do.\n\nThe other top-of-the line program is TradeStation, but it costs big bucks to join and operate. Some people consider it the Cadillac of trading and technical analysis. \n\nTerraNova is the home of the Day Trader, so they think nothing of you making several hundred trades a day. You don't have to do that, but it's okay here if you do. \n\nRead vociferously:\n"Which Is Better, Buy-and-Hold or Market Timing?" \n\n"Do You Have What It Takes to Be a Market Timer\n\nThe Beginner's Bible in Technical Analysis is:\nEdwards & McGee"Tech. Anal. Of Stock Trends"\n\nDroke, ClifTechnical Analysis Simplified\n\nKahn, Michael N.Tech. Anal. Plain & Simple\n\nKamich, Bruce M.How Technical Analysis Works\n\nLefevre, EdwinReminiscences of a Stock Operator\n\nLofton, ToddGetting Started in Futures\n\nLowenstein, RogerBuffet (Warren)-The Making of a Capitalist\n\nO'Neil, William J.How to Make Money in Stocks\n\nOz, TonyHow to Make Money From Wall Street\n\nRotella, Robert P.Elements of Successful Trading, The\n\nSchwager, JackStock Market Wizards\n\nSchwager, Jack D.New Market Wizards\n\nSperandeo, VictorTrader Vic-Methods of a Wall Street Master\n\nWasendorf, RussellAll About Futures\n\nSlutsky, Scot and Darrell JobmanComplete Guide to Electronic Futures Trading\n\nYou can get every one of these books from your local library. If they don't have it, ask about Interloan Library System.
646357
Open a brokerage account with at least $350.00 and invest in the stock market with the help of a Financial Advisor like myself and when your stocks are up by 5% (Which could take as long as a week) you sell them and make $3.50 (Asuming you are a Scottrade Customer paying $14.00 in comissions) \nKeep doing it over and over for at least 300 times and you will get $1,000.00\n\nNote: \nIf you invest $700.00 you only need to wait until the stock is up 3% to sell and that could happen in two days.\n\nIf you invest $1,400 you only need to wait until the stock is up 2% to sell and that could happen in one day.\n\nYou get the idea.\n\nTop 3 Answerer in Business & Finance. (Vote for me)
97677
You can day trade ETFs (exchange traded funds).\n\nMany (maybe most, I'm not sure) mutual funds impose a fee if you sell funds you have held for less than 30 or 60 days. This is as a result of the market-timing 'scandals' of a few years ago.
669429
Open an account and buy it: http://www.scottrade.com/index.asp?supbid=63321