Essay About Day Trading And Internet Stock Trading

Day Trading on the Internet
Essay Preview: Day Trading on the Internet
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High tech trading
Stock trading has been a very pronounced and reputable profession throughout history. It
has evolved today into a thing for the average American. Thanks to the computer or even more
specific the Internet Stock trading has just infiltrated the American home. Stock trading has been
around for a long time but just recently in the past 10 years it has become very popular with the
common man. It has become apparent that the average American has become educated enough to
enroll him or her self in the act of trading.
Millions of people all around the world have found that stock trading on the Internet is a
very lucrative investment. Althoe there is not a 100 percent chance that a return will be made
there is still a very devoted following (The Washington Post), Nov 14, 2003 pE1 col 1 (25 col
in) but it is not just as cut and dry as one thinks.
Day trading is a very fast passed
activity and involves finding very short term opportunities,
sometimes lasting only minutes. this can get pretty intense and tempting at times. This is why it is
very important that the investor is up todate on all the activity going on in the trading world. It is
not hard to become educated. The internet has become the place to be when trading. There are
many sites that are equipped
with the right informantion that is need to make educated invesments.
at any time of the day.(bollinger)
Novice traders have a 95% failure rate if they are not informed. For individuals to become
involved with day trading on the Internet it take a few simple steps. First of all the individual has
to become familiar with the system. The Internet is a great place to do this. Sites like Google and
MSN are very common for people to start there education with. to start you day trading you find
a trading stite. you can do this by tying in “day trading” on a search engine. this gets the ball
rolling. A web site that is very widely use is
beginner user to find out pertinent information about day trading. the web site allows the
individual to get charts and graphs on stocks they might be interested in. They can look up past
histories of there desired stock and see if it something they are interested in. (esignal.com)
Another common tacktick used in beginner
trading is what the profesionals call “paper
trading”. All this means is you are not using
real money. Your are on a dry run. The invester
takes his desired stock and simulates the stocks actions. he followes it until
he feels comfertable
with the system this a good way to learn the system and how it works.
They next ste p is to find a broker. This is also easy. The individual can use the site
Mentioned above to start there trading account. Most people start of there Portfolio with a
comfertable amount of money which is on average