Typical stock chart (9:30 AM - 4:00 PM) with three moving averages plotted on it. |
Day trading is simply looking at a stock chart and reading the indicators that tell you when the stock might rise and when it might fall so you can buy it at a low price and sell it at a higher price. That's it! Now of course there are a few other things to look for so I recommend using post it notes to remind yourself to look for them.
DO NOT MAKE TRADES WITH REAL MONEY UNTIL YOU ARE PROFICIENT AT MAKING VIRTUAL (FAKE) TRADES! |
Open an Individual Broker Account
I can better help you if you are using what I use so go ahead and open a cash trading account with Schwab at https://www.schwab.com/trading/thinkorswim/desktop.Be sure to write down your user name and password. At first just deposit $100 into your account using the ACH transfer option to your bank account. |
Download ThinkorSwim
Next download the Think or Swim Desktop software at https://www.schwab.com/trading/thinkorswim/desktop Now open thinkorswim using the icon and click on the Education tab, then click on the subtab "Learning Center", next click on "Think Manual", finally click on "Getting Started" and start watching all the tutorial videos. |
I quit my job, had $10,000 in the bank and $10,000 in debt and no income, so what to do? I prayed. God clearly showed me to get into the stock market, but I did not know one thing about it! I asked Him to teach me. He spoke, I listened. As I learned I continually asked how can I make this very simple so anyone can learn this quickly. Now after ten years I think anyone can learn day trading and become proficient in about one year. You be the judge. You have nothing to lose and everything to gain!
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