Crucial Tips for Day Trading
Are you interested in Day Trading? To begin your journey as a Day Trader, you should consider following a few important tips which would enable you to trade strategically, using the proper equipment and software and, help you to manage the capital and the risks.
Here mentioned are some of those tips:
Choosing a Day Trading Market
You should select a market which follows a certain repeating pattern to make a profit. However, one market is not way better than the other. It all comes down to what you want to trade. How much can you afford? All the markets have potential for profit.
As a matter of fact, the forex market requires the least capital for day trading. One can start with merely a few dollars, though, it is recommended to begin with about $500. For trading in future markets such as S&P 500 E-mini (ES), which is a very popular day trading futures contract, only $1,000 is...