You won't learn day trading in a single day. An obvious point, but different people learn at different rates. The only way to jump start process is (a) find a mentor (a successful trader who will ride shotgun for you) or (b) use one of proven methods that have defined rules, (the Camarilla Equations from surefirething.com springs to mind). Even this requires practise though, and you should expect to be still paper trading by end of a month. Keep at it - day trading is like any skill - nothing worth having ever comes easy.

Knowing when to exit is as hard as knowing when to enter. Day trading is an inherently variable business - some days you might make thousands of dollars, some days you might lose a lot of money. The one thing you WON'T do is make consistent amounts of money day trading every day - markets just aren't like that. If you learn to day trade in a style that lets you run your winners, and chop your losers ruthlessly, you WILL succeed at it, and may even become wealthy.

Day trading doesn't mean trading every day. If you don't feel like trading, then don't trade. If you try to force it, you will most likely lose money. And too many losing days may start to give you a complex about it until you eventually become too scared to 'pull trigger' and initiate a trade!. Trading should be good fun, and exciting too, and if you want to day trade for a living, not only must you make good money, but you must enjoy it as well! For full text of this article and next in series, 'Day Trading Basics', consult www.traders101.com

Your credit report contains information about where you work and live and how you pay your bills. It also may show whether you've been sued or arrested or have filed for bankruptcy. Companies called consumer reporting agencies or credit bureaus compile and sell your credit report to businesses. Because businesses use this information to evaluate your applications for credit, insurance, employment, and other purposes allowed by Fair Credit Reporting Act, it's important that information in your report is complete and accurate.

The consumer reporting agency and organization that provided information to agency, have responsibilities for correcting inaccurate or incomplete information in your report. To protect all your rights under law, contact both consumer reporting agency and information provider in writing what information you believe is inaccurate. Include copies of documents that support your position. In addition to providing your complete name and address, your letter should clearly identify each item in your report you dispute, state facts and explain why you dispute information, and request deletion or correction. You may want to enclose a copy of your report with items in question circled. The consumer reporting agency must reinvestigate items in question, usually within 30 days unless they consider your dispute frivolous. They also must forward all relevant data you provide about dispute to information provider. After information provider receives notice of a dispute from agency, it must investigate and review all relevant information provided. If information provider finds disputed information to be inaccurate, it must notify all nationwide consumer reporting agencies so they can correct this information in your file. Disputed information that cannot be verified must be deleted from your file. If an item is changed or removed, agency cannot put disputed information back in your file unless information provider verifies its accuracy and completeness, and agency gives you a written notice that includes name, address, and phone number of provider. By using laws provided by Fair Credit Reporting Act to make sure your credit file is accurate and up-to-date, and by paying your bills in a timely manner you will be able to increase your credit score dramatically. If you do not have time to restore your credit, you can hire a credit repair company to repair your credit for you, and they can provide a great deal of services in a professional manner