Adam has got the answer covered quite well and I agree with crim's advice. I highly recommend you don't day trade. If you don't understand ask and bid prices you don't understand the complexities of investing or gambling (which is what day trading is) and will be a quick loser of your money. Even people who understand the markets that day trade lose money very quickly. There are those that make money and many claim to make money but the statistics say over 90% of day traders end up broke. If you could make quick returns and profits they offer why would the big boys not be doing this. I am embarrassed to say I have tryed it and learned my lesson the hard way. That was a long time ago and I try to discourage anyone who is about ready to do what I did from doing so.
Ask a question or leave a reply