Can be a very lucrative job and in fact, it enables many people to make good money by only working 1 or 2 hours a day and so is often referred to as a lifestyle rather than a profession. Day trading involves buying and selling on the stock market but unlike regular investors; day traders only trade in financial instruments and close their accounts at the end of each day. A day trader’s account must have a minimum of $25,000 in it at the start of the day but day traders are allowed to trade in 4 times the amount in their account which is higher than regular traders can as they are limited to twice the amount in their account. Obviously in order to make money as a day trader you must fully understand the market and be able to quickly recognize any trends, in time to make the most profit from them. Although if the stock exchange losses money, you would think that that would mean a day trader would also lose money but that does not have to be the case; the stock market, as a whole may lose money but at the same time, a day trader that traded wisely and made the correct decisions, could still make a profit on those losing days. Understanding the different intricacies of the stock market well enough to profit from them may seem like something which is hard to do but it can be made easy as there are trading academy solutions available online. These solutions include courses for beginners, intermediary and advanced traders and the course help you to fully understand the market and how to trade in it successfully. As with just about everything else today, there is now software available that can specifically assist you in detecting any trends and the courses include lessons on how best to use this software. Sometimes the academy may allow you to keep the software to help you get started as a day trader, in which case you are well on your way to a new lifestyle. When deciding which trades to make, all the information you need to be successful in right in front of your eyes but it is knowing how to correctly interpret that information which separates a successful trader from a loser of funds.
As mentioned, day trading is known to many as a lifestyle as opposed to a profession and one of the reasons for that is that many of the successful day traders only actually work one or two hours a day and so have plenty of spare time for other things, like lying on a beach in the sun. One of the best points about working as a day trader is the fact that you can work anywhere as long as you have a Wi-Fi connection. Although the amount of money you need in an account may seem high, you probably could not start any other business or even lifestyle, with less.