Money was invented a long time ago to facilitate trade and a medium for fair payment for goods and services. With the passage of time and new inventions, trading evolved and became very profitable. With the explosion of the Internet, new businesses also found a platform and offered people a chance to make money. Day trading has become a big business and offers great business opportunities and a chance to make a lot of money.
It is a system by which one buys and sells financial products like stocks and bonds in the open market.
Day trading has gained acceptance within the industry and with the public too. It offers a chance to make a good profit and is here to stay. When one is a day trader, stocks are bought and sold on a daily basis. The difference between purchase price and sale can either be a profit or loss.
Day trading is based on the premise that every transaction is completed within the day to make sure that three are no changes to the closing price. Day trading is more complicated than it sounds – a trader could end up spending money without returns. Due to this reason, we offer some day trading tips for dummies: