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salem

How do I start day trading ?

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There are a number of things that you must provide in order to experience day trading:

 

-Choose a broker
When you want to enter the world of day trading, you must have a broker who supports this type of trading, and on this basis provides you with an easy trading platform through which you can place orders to buy and sell easily, and in record time so that you can take advantage of the opportunities you are trying to seize, and always can Examine the best stock companies available to deal with in your country to choose a trusted broker.

-Availability of fast internet
so if you are one of those who suffer from interruption of Internet services from time to time, you may lose in the trading market in general, and day trading in particular, because the day trading market needs to speed up the implementation of procedures when issued And if your connection is disrupted, you may find yourself with missed opportunities, or financial loss that you are indispensable for, so you must provide a stable internet connection before entering the world of trading.

-capital
It is one of the most important items that you must have with you in daily trading, and here we are not talking about normal capital, but we are talking about a large capital that you can speculate with in the day trading market, because day trading has a low profit rate, because it depends on fluctuations The small price that occurs between buying and selling, so you may need to make more than one transaction per day, in order to be able to achieve a profitable financial profit through which you can pay commissions on every transaction you complete, and at the same time you have a financial gain in the end. Feasible.

-Skill
Day trading is not easy to practice at all, as it is mostly practiced by professional traders in the trading market, and even these remain vulnerable to loss sometimes in one form or another, as statistics have proven that about 90% of day traders are exposed to loss. Day trading needs to analyze market data, and periodically follow up on its news, and this is in order to predict the price movement to where it will rise, the best strategies to take, and when it is better to end a deal, or open another deal.

 

Are you ready for day trading?

 

 

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You can start your trading with your investment.  And if you have friends  you can invite them and make a partnership  and start a new business  like trading and marketing. 

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The best way to start day trading is to have the skill,knowledge,be disciplined and be consistent..I hope y’all get what am trying to say thank you 

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I only do day trading in the binance application and it not taken trades of I'm on a daily basis I just take one trade and hold it for few days

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