The Day Trader: An Overview
The day trader is a person who exercise day trading which means the practice of rapidly selling and buying of stocks. A day trader relies on the huge profits a share would gain in a matter of seconds or minutes that he possess the share. It is more like a gamble where day traders wait for the next big leap in the market before selling or buying their shares. Day trading is quickly done that makes more opportunities open for a day trader.
There are basically two types of a day trader one is the Institutional day trader and the other, the retail day trader. The Institutional day trader is one who trades for a financial institution. He is like an employee of that financial company. An institutional day trader trades large amounts of capital and handles huge, sophisticated accounts dealings.
The Retail day trader is one who trade on his own accord and his own finances. He is the boss of his own game therefore is not answerable to anyone should he face losses in trading. The good thing about being a day trader is one gets to keep the profits for him and he can transform his home into his office, coming to work in his pajamas.
Coming from a retail day trader who has been in the business for 10 years, there are hardships that retail day traders face (along with the exhilaration of amassing great profits). Day traders tend to get addicted to the game of day trading because of its unpredictable nature. There are also times that they tend to experience health problems often associated with sitting in front of the computer too long.
Being a day trader is an ideal profession for anyone who wants to be his own boss and who would like to work from the comforts of his home. In this way, you get to be totally in control of your finances and be creative with it. You can easily manage your risks by setting boundaries on how much you are willing to work with. - 23217
There are basically two types of a day trader one is the Institutional day trader and the other, the retail day trader. The Institutional day trader is one who trades for a financial institution. He is like an employee of that financial company. An institutional day trader trades large amounts of capital and handles huge, sophisticated accounts dealings.
The Retail day trader is one who trade on his own accord and his own finances. He is the boss of his own game therefore is not answerable to anyone should he face losses in trading. The good thing about being a day trader is one gets to keep the profits for him and he can transform his home into his office, coming to work in his pajamas.
Coming from a retail day trader who has been in the business for 10 years, there are hardships that retail day traders face (along with the exhilaration of amassing great profits). Day traders tend to get addicted to the game of day trading because of its unpredictable nature. There are also times that they tend to experience health problems often associated with sitting in front of the computer too long.
Being a day trader is an ideal profession for anyone who wants to be his own boss and who would like to work from the comforts of his home. In this way, you get to be totally in control of your finances and be creative with it. You can easily manage your risks by setting boundaries on how much you are willing to work with. - 23217
About the Author:
Mara Hernandez-Capili is a writer and a researcher on Business and Finance. Learn more on how to increase your financial I.Q. by learning about emini trading today. Start earning extra income by making your money work for you through the emini trading system. "Start your journey to financial freedom not tomorrow, not next week, but today.
posted by X - Men @ 2:45 AM
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