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Different Day Trading Books

Different Day Trading Books

There are many different kinds of day trading books available to buy online and from bookshops.

If you want to improve your day trading skills and improve your knowledge in areas of the industry, then it is highly recommended that you pick a few up.

Please note, that no matter how great a book is, it will never be a magic pill for day trading success.

Sure, there are many books that include great information and tips, but no book can hand you the keys to day trading riches on a silver platter. You have to put the information that you learn into daily consistent action, and commit yourself to lifelong learning.

Also, books are not the only place to get information from. For example, there are many beginner and intermediate day traders who seek help from a mentor, so they can get first hand advice from somebody with years of knowledge and experience.

With that being said, here are a few day trading books to get you started on your journey:

Trade Your Way to Financial Freedom

This is one of the most popular day trading books currently on the market. In it, there are many different day trading methods covered, as well as some in-depth information on topics such as risk management and position sizing.

Trading to Win: The Psychology of Mastering the Markets

Written by Ari Kiev, this book gives you an over the shoulder look of what makes a day trader successful and the habits and mindset you must develop to get there. Ari is somebody that has many years of experience in the day trading world, so you can be sure that the advice in this day trading book is solid.

The Encyclopedia of Trading Strategies

A must have for any aspiring day trader. This book is a great point of reference for all of the different day trading strategies currently employed by millions of traders around the world. It’s a good starting point for beginner day traders who want to get an overview of the day trading world as a whole.

Financial Publications

Day trading books are not the only things that make essential reading, as there are also dozens of different financial publications that are published on a daily, weekly and monthly basis.

These publications are an excellent way to get insider tips and general ideas that can form the basis of your own day trading strategies.

Here are a few of the more popular financial publications:

The Wall Street Journal

One of the biggest business newspapers in the world, the Wall Street Journal is published by Dow Jones and Company, and is read daily by more than 2 million people.

They also print an edition of the newspaper in Spanish, which is called The Wall Street Journal Americas, and can be found as a supplement in many of the top Latin American newspapers.

Forbes Magazine

Released every two weeks, Forbes magazine is for anybody and everybody who is involved in business. Each issue contains all of the latest news and stories on companies, markets, trends and investments, and can excellent source for day traders to stay in tune with what is happening in the world of business.

Investors Business Daily

Founded in 1984, Investors Business Daily is an essential read for day traders who want up to the minutes news and views on financial topics.

One of the main benefits of reading this newspaper is it’s in-depth section on information related to the stock market.

Different Day Trading Software

Different Day Trading Software

What is the point of day trading software? Well, the main reason is that it gives SPEED in your day trading activities. Instead of spending hours analyzing market data and research, you can get all the information that you are looking for in a few seconds or minutes with the click of a button.

Here are some of the features you can expect to find in day trading software:

Day Trading Platform

You can get all the tools you need to aid you in your day trading career, by using the platform included in many software programs. Tools such as charting trends, watch lists, test trades, and many more.

Market Information

Many of the software programs have all of the latest news, views and data from the marketplace, which is easy to retrieve through a connection to various news feeds and commentary,

Go Mobile

As we step into the mobile age, day trading software is staying right on the cutting edge of technology. Many of the top programs now feature mobile phone apps and SMS alert services that can connect you to the software and keep you right up-to-date with the latest day trading information.

How Much Does Day Trading Software Cost?

The cost varies depending on the software you choose. Some programs charge a monthly subscription to use the software, while others charge a one off fee that gives you lifetime access along with regular updates.

Bear in mind that you may also have to pay additional costs to use a data service provider, that connects to the day trading software and supplies the required information to things such as day trading charts.

Here are Some of the Top Day Trading Software Programs Currently on the Market presented by Chipokers:

eSignal

Used by many day traders, eSignal is a market leader and has been around for many years.

The software comes complete with various tools and features, such as charts, scanning and analyzing. There is also a data feed included in the package, so you can quickly and easily get real time market information to help you with making decisions.

MultiCharts

Available as a one-time payment, MultiCharts is a well known day trading software program that offers a variety of charts, automatic trading options, and customized scenario technology.

The program also works with multiple data feeds, meaning all the information you need is only a click away.

NinjaTrading

With a range of market data feeds to choose from, and a host of different tools available, NinjaTrading is always a popular choice.

One of the main downsides to NinjaTrading is that they don’t currently offer any telephone or live chat support, which means it can take some time to get your questions answered.

Also, they don’t yet offer any mobile services such as SMS or Apps, which are widely available with other software programs.

Day Trading Fail? Get Ahead of the Crowd with these Day Trading Tips

Day Trading Fail? Get Ahead of the Crowd with these Day Trading Tips

Day trading can be one of the most exciting ways to make money online. Unfortunately, many beginners are seduced by tales of quick riches and easy cash, leading them to lose their shirt almost as quick as they get started.

The fact of the matter is that day trading is a process. It can take time to properly understand how everything works, so that you can develop a day trading strategy that brings you a profit.

Also, nothing beats experience. You can read every book and guide ever written about day trading, but if you are not committed to getting out there in the trenches and trading in the real world, then you will never be a profitable day trader.

It’s okay if you start small and take some losses. The best time to learn and gain experience is when the stakes are low.

With that being said, here are some day trading tips to help you achieve your goals faster.

  1. Setting a stop-loss

Using a stop-loss in your trades is one of the best tactics to ensure you don’t go broke. If a particular trade goes bad, it is always a good idea to get out before taking a big loss.

Many beginners to day trading ignore stop-losses at their peril, and often take unnecessary risks trying to gain their money back, which ends in disaster.

  1. Stick with your strategy

Once you have decided on your day trading strategy, stick with it. A lot of day traders chase profits instead of following a proven strategy, which then leads to lack of focus and risky trades.

Any successful trader will tell you that this game is all about strategy and patience. Don’t be tempted to discard your strategy if you make some losses. Instead, stick with it for a set period of time and then assess it after that.

  1. Read day trading forums

Internet forums can be a great source of day trading tips, but not in the way you might think.

You see, it can actually be very profitable to see what the vast majority of amateur day traders are doing…so you can do the opposite!

There are many amateur day traders who frequent internet forums on a daily basis, and most of these people are not profitable traders.

If you hang around long enough, you will start to notice the things they do on a consistent basis, and their mindset towards day trading. Make it your habit of doing the opposite.

  1. Control your emotions

The day trading world is not a place for emotional people. The market fluctuates, unexpected things happen, some days nothing goes right. That’s just part of the game.

You have to learn how to keep your emotions in check and keep an even mind. Running on high emotion will lead to bad decisions, which are ultimately always followed by big losses.

Conclusion

Hopefully, the above day trading tips have given you a better understanding of what it takes to be a successful day trader.

Once you understand that day trading is all about practice and constant tweaking of your chosen strategy, then you’ll be well on your way to your first million!

Have you read our Beginners guide to day trading? If not then I highly recommend you do.

The Beginners Guide to Successful Day Trading

The Beginners Guide to Successful Day Trading

Day Trading For Beginners

Day trading has become increasingly more popular in recent years, and it’s easy to see why…as the traders who get it right and make successful trades on a consistent basis can make big profits extremely quickly.

This is in complete contrast to some other types of trading, where the action is slow and profits come in at a snails pace. Day trading certainly has more risk, but with that high risk comes high rewards. Curious to find out more?

What exactly is day trading?

In very basic terms, day trading is all about trading on the stock market during the course of a single day. This makes it extremely fast paced, as traders mainly focus on buying and selling stock during this time frame to make a quick profit.

Many people who are involved in day trading on a full-time basis do so on the internet, which means that stock can be bought and sold instantly. This is extremely important for a successful day trader, as they need the ability to act fast due to the fact that tiny fractions of a point can mean the difference between a profit or a loss.

The benefits of day trading

If you are looking to get onto the fast track to wealth, then day trading has a lot to offer. The most successful day traders have made large amounts of money in a short amount time, and given themselves a lifestyle that others can only dream about.

One of the major advantages of day trading is the ability to set your own hours. Because there is action on the stock market at all times of the day, in the four corners of the globe, there is no need to have a set schedule.

Can you become a day trader?

At the end of the day, anybody with an interest in day trading can become a day trader, whether it be on a full or part time basis.

However, although the essence behind day trading is actually quite simple, it is far from being easy, as people often make rash decisions based on their emotions and lose money as fast as they earn it.

With that being said, there has never been a better time to be a day trader. Due to the internet, there is now a huge selection of day trading strategies, resources, analysis, news and information available at the click of a mouse, which makes it easier than ever to trade smart.

If you are really serious about day trading and the have the desire to make it work then there is no reason at all why you can’t be successful.

The most important aspect of day trading

Patience, patience…and even more patience!

If you are ever going to be a successful day trader than you must have patience. Unfortunately, this is not a characteristic that many people possess, which leads them to jump the gun and make bad decisions.

Avoiding knee jerk reactions and sticking to the basic principles of day trading will see you make profits in the long term. This is how every successful day trader makes their money, and if you want to join them, then you would be wise to follow their lead.

This website is full of resources which can help you become a successful day trader. Click Here to go back to the home page to view more of the articles.

Day Trading for Dummies – A Quick Start Guide

Day Trading for Dummies – A Quick Start Guide

Our Day Trading Quick Start Guide

The world of day trading can be a scary place. If you don’t have a basic understanding of what you’re doing, then you will lose money, and probably end up so frustrated that you never want to make another trade again.

Understand that every day trader starts out knowing nothing, and they got started learning the basics first.

Below is a brief introduction to what day trading is, and a quick overview of the equipment needed to get started.

What is day trading?

Day trading is slightly different from other types of investing, as the securities are only held for one day. This certainly reduces the risks compared to long term investing, as there is no chance of big losses occurring overnight.

However, because everything is done during the course of one day, it means trades often runs at a frantic pace. It take a while for a beginning day trader to adapt to this fast way of trading. Some people never adapt at all.

At the end of the day, this form of trading is a crazy business and not everybody is cut out for it. If you think that you are, then it will pay you in the long run to build a solid foundation and learn the business properly.

Learn more about the different day trading strategies and then decide which one will be the most suitable for you to follow. Once you pick a strategy, stick with it, and don’t be distracted by shiny objects.

What equipment do I need to start day trading?

Although it is not essential to spend thousands on day trading equipment to be successful, there are a few basic things you should invest in to get you started.

A good PC

The majority of personal computers available to buy will have the required processing power so you can start day trading. One thing to keep in mind is the size of the monitor, because when you are spending large amounts of time in front of the computer a small monitor can be punishing to your eyes. A large monitor will also allow you to have multiple windows open at any one time, so you can do more trading.

A backup PC

It doesn’t matter how expensive your PC is, it will probably break down at some point or suffer from technical glitches. It’s for this reason that it is always beneficial to have a backup PC nearby, so you can quickly switch over and not lose any time day trading.

Internet access

A dial-up connection just won’t cut it. In day trading speed is the key, and often decisions need to be made in a matter of seconds. For this reason, it’s essential that you have high speed internet access that is reliable.

Microsoft Excel

Once you have decided on the day trading strategy you will be following, it’s important to track your performance so you can analyze everything at the end of a days trading. Using a software program such as Microsoft Excel will allow you do this.

Get The ‘Inside’ Day Trading Information Like The Pro’s

Get The ‘Inside’ Day Trading Information Like The Pro’s

If you want to become a profitable day trader, then it is important to be constantly on the lookout for different information so you can come up with new ideas and tactics.

Because this is the “information age,” there are many different sources to get information from. The main question you should always be asking yourself is: “is this source is a reliable provider?”

You can get day trading information from various sources on the internet, television, offline publications, and your broker.

Getting the insider information

In day trading, your biggest advantage is going to come from identifying stocks, currencies, and commodities that have been priced too high or low. This then gives you the chance to place a trade where you can profit as quickly as possible once the stock starts to move.

To identify these under or overpriced stocks, it is essential to get access to some day trading insider information. The main hurdle you face when looking at information is whether or not the source is credible, because quite a lot of what you read may be biased and have an ulterior motive for giving out particular information.

One of the best places to look when gathering insider day trading information is the daily economic and market reports.

This will give you a lot of factual data on the prices that are being traded in various sectors, and can be a good way to gauge how other people in the marketplace are thinking and trading.

You can then combine this information with the news, views and opinions you get from many of the business television shows, radio shows, newspaper articles, and internet forums.

It is also a good idea to look closely at the reports and newsletters that your day trading broker publishes on a regular basis, as well referring to any day trading charts that you have available.

Compiling all of these different sources of information together can be time consuming but it is definitely worth it. It will give you a broader sense of what is happening in the market, and you will find that you are more prepared when the day trading session begins.

Don’t believe the hype

As mentioned earlier, not all sources of day trading information can be reliable, which begs the question…”who can I trust?”

There is no simple answer to this question, as in reality, this is something that can be learned only through experience.

As you start to consult from many different sources, you will start to get a better sense for who’s information is worthwhile to listen to, and who’s isn’t.

At the end of the day, you are the boss of your day trading empire, and it is your responsibility to find the sources of insider day trading information that can be successfully used in conjunction with your strategy to make consistent profits.

Be warned!

Tv news stations and internet feeds might not be the best source of day trading insider information. This is because they have a constant need to fill up air time and news slots, which means they often take even the most trivial news, and spin it to make it seem like it’s important.

What is the Average Income of a Day Trader

What is the Average Income of a Day Trader?

Are you an average Day Trader, or a pro?

This is the harsh cold reality folks: The majority of beginners to day trading never make any significant money, and almost always end up going bust in the end.

With this in mind, should you forget about your day trading dreams and go find something else to do?

Well, not quite, as there are a small percentage of firms and individuals out there who make big money from day trading. The key to making this big money is do the opposite of what the majority of other traders are doing, and follow a long term strategy that has been proven to be profitable.

Unfortunately, not many people do this, which is why they go bust and get frustrated.

So just what is the average income of a day trader? In fact, it’s actually impossible to really know. You see, there is such a large gap between successful day traders and unsuccessful day traders, that there is no way to really arrive at an average number.

But who needs to know what the average income of a day trader is anyway?

At the end of the day, you can make a lot of money working as a day trader, which is way into the 6 or 7 figure a year bracket. Plus, this can all be done from the comfort of your own home, where you are your own boss and in control of your financial destiny.

Day trading firms

Maybe the thought of working for yourself scares you, and you much prefer the security of a job? If that’s the case, then if you are good at day trading and can show real results, then you should have no problem in getting a job with a hedge fund or investment bank.

A recent survey in the USA suggested that an average day trader salary for junior employees at these kind of firms was approximately $200,000. However, this does not factor in things such as bonuses and other performance based rewards, so the real number is likely to be much higher.

Let’s put it this way…if you are a good day trader and working for yourself is not for you, then you can still make a well above average income in the world of day trading.

Fast and easy profits?

Perhaps you don’t care what the average income of a day trader is, and instead, you just want to make some fast and easy profits from the comfort of your computer? After all, day trading is a piece of cake…right?

Well, not quite. If this is your mindset then you will almost certainly end up frustrated and disappointed. Sure, you might hit it big right off the bat, with no real experience or knowledge, but you probably have a better chance of winning this weeks lottery.

In reality, you will most likely have to lose money first, as you gain experience and develop a winning day trading strategy. This doesn’t sound very appealing to the majority of newbie day traders, which is why they will never experience a big day trading income.

Day Trading - What “They” Don’t Want You to Know!

Day Trading – What “They” Don’t Want You to Know!

Most of the day trading advice out there is not worth listening to. The old saying “don’t take advice from broke people if you want to be rich” is more relevant than ever, in this internet age where anybody with a website can offer you their “expert” advice.

The truth of the matter is that only a small percentage of traders ever make any serious money. We are talking like 5% of people here. 95% just fight over the scraps or don’t make anything at all.

Elite traders have their secrets and they like to keep them close to their chest. If you want to be as successful as them, then you must learn their secrets.

Here are some of the secrets that “THEY” don’t want you to know…

Focus on one thing and screw the rest

Rich traders all have one thing in common…they become experts in one type of trading and then they put all of their focus on that.

Contrast this to the majority of traders. They typically try to learn everything about everything, and falsely believe that to make money requires being a jack of all trades. This approach rarely works though.

Sometimes, successful traders drill down even further. Instead of focusing on just one market, they go deeper and just focus on one currency pair. That’s it.

Don’t you think if you did this your chances of becoming more profitable would immediately increase? Specialized knowledge is key!

Patience will be rewarded

A lot of average traders trade just for the sake of it. They believe that “motion creates emotion” and that they must constantly be hustling.

This is the complete opposite of how millionaire day traders view things. In their world, patience is a virtue, and they understand that the rewards are far higher for those that are prepared to sit back and wait for the right conditions.

Once those conditions present themselves, they pounce, and watch their balance grow month after month.

Ask yourself, do you trade for the sake of trading? Do you often get involved in trades you really don’t know anything about? If so, then you might want to take a step back and spend some time watching the market instead of always being involved.

Go against the herd

This one is huge. The vast majority of people always look to what everybody else is doing… and then proceed to do the same thing.

Very rarely is mass opinion right, which is why successful traders often go against what the herd is doing. Just doing this and nothing else can be a profitable strategy in it’s own right.

Basically, the masses are almost always in reactive mode. This means they are always reacting to the market.

A better strategy is to always stay in control of your thoughts and to not just simply “react” to what is going on around you.

Trading against what everybody else is doing is one of the secrets that winning day traders like to KEEP a secret.

Guide to Building a Day Trading Empire

Guide to Building a Day Trading Empire

Despite what you may have heard, anybody can make money in the world of day trading. It doesn’t matter what your background is, how many grades you got in school, or how high your IQ is.

That’s not to say that you are guaranteed success however, as there are certain steps that you must take in order to increase the likelihood of making winning trades on a consistent basis.

Also, you don’t need any fancy high tech equipment, or an office in the financial district of a large city. In fact, you can easily build your day trading empire from the spare room in your house, all with an average computer and high speed internet access.

Thousands of people all around the world are doing exactly this, quietly getting rich by employing simple to understand strategies that could be taught to just about anybody.

Are you interested to find out more? If so, then here are some step by step instructions to get you on the right path to becoming a trading mogul.

Educate yourself

Before you even think about risking some money in the markets, it is important that you take the time to educate yourself first. That’s not to say you need to become an expert overnight, but you should spend some time familiarizing yourself with the basic phrases and how everything works, so you can get a better overall understanding as a whole.

A good way to do this is to go to a site like Amazon and then find a beginners book that is written in simple and easy to understand language. Also, check the reviews for the different books before you buy, to see what people are saying.

Open a broker account

Do some research on the internet to find an online day trading broker that is both reliable and experienced at dealing with new traders. It is important to understand that most brokers will charge a fee for every trade that you make through them, as well as taking a commission from any profit that you make.

Usually, these charges are not high, and only work out at a few dollars per transaction. It may seem quite a lot once you first start trading, but once you are bringing in the big bucks you will glad to give the broker their cut.

Teaming up with a broker can also help you through those first initial steps in your day trading career. They will have a team of staff on hand to answer any questions that you may have, as well as giving you access to range of online tutorials and software.

Keep your focus

Keep your focus

Once you are initiated into the trading world, and have got a little bit of experience under your belt, the next step is to narrow your focus onto one market.

The main reason why most people fail to make any money, is because they have no area of expertise. In other words, they try to become an expert at all of the markets, but end up only having a very basic knowledge in a any of them.

Learning about just one market will give you a serious advantage over the other traders, as you will gain a keen eye for opportunities that other people miss.

Try to focus on a market that you have an actual interest in, as you learn quicker when you enjoy what you do. Read as much as you can in relation to the market, and stay on top of all the current news and trends by reading financial publications and watching news stories.

Understand your limits

One of the biggest lessons that everybody must learn is to firmly understand where their limits are.

For example, many day traders take a big loss during the course of the day, and then spend the rest of that afternoon trading even more in order to make their money back. Trading in this way can be crippling to your balance, as you begin to trade on emotion, which leads to bad decisions.

Instead, set stop losses in every trade that you make, so you can get out once things start to go bad. Then, if you find yourself in a position where things are not going right for you that day, be prepared to walk away and take a break. You can always come back tomorrow and start again.

Act fast

Day trading is a business where mere seconds can be the difference between making or losing thousands of dollars.

For this reason, if you are ever going to be successful then you need to get into the habit of making decisions on the spot and acting fast. If you see an opportunity in the market, there usually isn’t the time to wait around for a few hours while you think about it for a bit. You have to become confident in your abilities, so you can make quick decisions on the spot.

As many people have found out, hesitating too much in crucial moments will severely hinder your chances of success, and in the end you will find it hard to make any substantial profit.

Conclusion

Day trading is a business with many rewards. It gives you the chance to quit your job, work at home, and gain the financial independence you have always wanted.

Not many people in the world can say they live this kind of lifestyle, so if you really want to make it work, then you should be prepared to invest the appropriate amount of time and energy into your business until you start to see positive gains.

Take the time to learn the business and you will be paid many times over. However, if you try to shortcut your way to success, you may find that your day trading account is empty after only a few months trading.

How to use Forex Day Trading Strategies to Profit!

How to use Forex Day Trading Strategies to Profit!

Are you looking to profit as quickly as possible in Forex day trading? If so, then you might have notions about making large sums of money overnight using some kind of push button Forex robot, or a secret strategy that almost nobody else knows about.

In reality, those type of things don’t really work. If you want to make money at Forex, then you better be prepared to put in some ground work and be in it for the long haul.

Not many people get rich overnight, only those that get lucky with the lottery. Using proven Forex day trading strategies is the best way to make consistent profits while trading in the currency markets.

Sure, they might not seem very sexy, and they even require that you put in some effort, but at the end of the day it will all be worth it.

Think about it for a second. Do you want to be your own boss so that you can work from the comfort of your own home, with the ability to set your own hours? If you do, then you should definitely read the rest of this article very carefully, as the following Forex day trading strategies is what everyday people just like you are using to create their dream lifestyles.

Simply choose the strategy that you feel most comfortable with and then stick with it. That’s the most important point, as you need to give any strategy time, so you can ultimately reap the long term profits.

Also, it’s important to understand that a good Forex day trading strategy is not the be all and end all. Sure, it’s a major factor, but there are other things you need to get right in order to become a well rounded day trader who makes consistent profits.

For example, working on controlling your emotions is a vital skill to have as a trader, because if you are always running on high emotion, then even the best Forex trading strategy in the world won’t help you.

There are many popular Forex day trading strategies that you can follow. For example, there is trend trading, range trading, breakout trading, swing trading, and news trading, to just name a few. If you search long enough, then you would come across many more.

Here is how to use a strategy to start making profits.

Choosing a strategy

The best way to choose a Forex day trading strategy is to find one that makes sense to you and also one that feels comfortable.

There is little advantage to choosing a strategy that you don’t really understand, as you will be spending the majority of your time trying to work it out!

 

Which brings us to a major point: find a Trading Strategy that is simple to use and implement. Anybody who tells you that trading Forex is complicated is lying, which is why you only need a simple strategy that focuses on basic elements to be successful.

Stick with it

When you choose one of the Forex day trading strategies to follow, it’s essential to stick with it for a certain amount of time.

It’s no good using it for a few days and then deciding the system doesn’t work. You need at least a month to give any strategy a fair roll of the dice, maybe even a few months.

Many beginners to the Forex markets get distracted much too easily, which can only be described as “shiny object syndrome.” The main problem with this is that they never stick with anything long enough to see positive results, which leads to them getting frustrated.

Paper trade

How to use Forex Day Trading Strategies to Profit!

If you are new to the world of day trading, and you still feel a bit uncomfortable with the thought of risking money, then you should consider testing out different strategies by way of paper trading.

This way, you get the benefits of seeing if a particular strategy is right for you, while not having the burden of putting any of your own money on the line.

Also, it’s been said that the best way to trade in the markets is with no emotional attachment at all, and what better way to learn how to do this than with zero money on the line.

In order to paper trade, you can get a demo account with one of the Forex brokers or software programs, or you can simply use a pen and paper to keep track of the trades that you make.

Make adjustments

Once you have followed a Forex day trading strategy for a certain amount of time, then you will basically come to a point where you have two options; either you can drop the strategy altogether, or you can make adjustments.

No strategy is perfect, and traders are constantly making tweaks and adjustments to make everything more efficient, and most importantly, more profitable. If you adopt this philosophy of constant adjustments, then your Forex income will continue to grow year after year.

Conclusion

If you read enough books and blogs, then you will probably come across hundreds of different Forex day trading strategies.

Ultimately, it’s not going to do you any favours to try and learn every single one, and instead it’s a much better idea to just stick with one strategy for a few months.

Also, it’s worth noting that you shouldn’t be afraid to adapt your own individual style to the Forex day trading strategy that you decide to follow. This is what all successful traders do over time as they gain experience, and what you will end up with is your own unique successful system that favours your strong points.

As mentioned previously, it’s important to spend time focusing on other areas away from your Forex day trading strategy. Things such as learning how to use software, controlling your emotions, and finding the right broker, are all equally important, and will have a major impact on the amount of money you end up making as a day trader.