Tips for beginners of day trading

1. Study profession in depth before getting started. 2. Practice using a simulated trading system before using real money. 3. Don’t trade with money that you can not afford to lose. 4. Keep in mind, that it takes approximately $100,000 to day trade successfully and see profits. 5. Decide each day how much you are willing to risk and stick to it. 6. Keep detailed records of your trading results to analyze your track records.

Day trading is not something to jump into without considerable thought. Take time to learn business, practice without using real money in a stimulated scenario, study as much as you can about it before you begin and most importantly do not risk money you can not afford to lose. Have fun!

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