Learning Day Trading

Is day trading a good idea?

I have been reading and studying on stock market buying and selling so far I am a beginner and have taken no action toward trading on the stock market. I am still in the learning mode but plan too trade on the market when I feel I am ready. My goal to traiding is to make a quick cash turnaround my questions are what are the risks of day traiding and which software would be best to assist me in doing this kind of trading?

Public Comments

1. Open an account with an online broker that gives you free real time charts and quotes. It's important that these services are real time and not fifteen minute delayed. Paper trade, that is, make "pretend" trades, but be honest--record exactly your entrance and exit points. Become a good paper trader before using real money. Let the success of your paper trading or lack thereof answer the question you have asked. No one can answer this question for you. You might also try services such as e-signal, which give you a wide array of indicators.
2. idea not bad I would recommend to read a lot and get as much more info as it is possible before starting it!
3. trading is good idea but without study feel like hell? but u got some idea releted technical i.g. graph ..chart, moving avera ge, macd,etc... then definatly u choose the right path all the best's
4. Do not spend money on trading software just bookkeeping software to keep track of profits and losses. Be prepared to loose every dime you have invested, because you can do this easily. My mother is a day trader. She says you can't get anywhere near serious (as in making a living) without investing at least $100,000. This, like a lot of things in this life, is very risky. The fact is that most people who try to do this end up loosing money. But if you are good you can make a ton of money
5. Yes, it's one of the fastest and easiest ways of making a lot of money
6. Trading by waiting for stocks to go higher is risky in this market. Try shorting stocks in certain sectors in your papertrades.