Day Trading

About 1.3 billion (down from 1.57 billion shares last year) trade on the NYSE daily (average). About 50 million change on the NASDAQ daily. No monetary figures are given as I am not sure it is worth the computer time.

You want to buy a diversified portfolio of stocks, as individual stocks are too risky. With a few thousand dollars, this means buying mutual funds. I like Vanguard.com, other people like Fidelity, TIAA-CREF, and DFA. Buy no-load, low cost funds. If you are like most people you will invest part of your money conservatively, in money market funds and bond funds, and part aggressively in stock funds. Vanguard.com has an on-line questionnaire which will give you an idea how aggressive you want to be.

Investing in a mutual fund IRA for retirement may give you an income tax break. Talk to your tax adviser. You may also be able to invest in a stock mutual fund via a 401K plan at work.

Believing advice you get on Yahoo answers can be risky, so read these websites for further information. If you find it too confusing, contact a professional financial advisor. They will charge you significant commissions, however.

Here's something many traders don't know:
To "day trade" or "scalp": A trader MUST have - AT ALL TIMES - AT LEAST $25,000 U.S. CASH in his/her/their trading account.

This does not include any stocks or trades the trad err might be in. This is cold, hard U.S. CASH.

As soon as the account goes one cent below $25K, a whole different set of rules comes into play.

Check with your broker or any broker to confirm what I write. There MAY BE exceptions.

As far as penny shares:
They are far, far, far too risky and volatile.

Thanks for asking your Q! I enjoyed doing my best to answer it.

VTY,
Ron Berue
Yes, that is my real last name!

Check out interactive investor's share dealing service - you can deal on both UK and US online, and their phone support / dealing desk is open for US market hours (like any others worth their salt)

Yes, they're just mini futures contracts (they are not options on futures).

E-mini's trade just like the full size contracts, except the dollar value is smaller and so are the margins. Everything you do with a futures contract you can do with a mini contract, you'll just make/lose less money had have lower margin requirements.

Hi,

You can visit http://stocksguide.checkouttoday.info for some useful tips and info related to your query. Good luck!

Which country's markets??

plenty of those for US markets, Canadian markets, UK markets, Aussie markets, Singapore, HK, and some others.

not so many for UAE [for example]

I have been to two teaser seminars, one because it was right down the street and the other because I needed to a vacation anyway. It was on O'ahu. *vacation not a big thing I live on the Big Island*

One was going to teach me to day trade with charts and statistics and graphs and Ouija boards and a gypsy with a crystal ball.

The other promoted a software that would pick stocks ready to break out.

The problem with the first is you would spend all your time charting and mapping and whatever. Trading happens second by second. You don't have time to chart anything.

The other might be fine for investing. But a trader doesn't need to know a stock is ready to break out. A trader needs to know the instant it is going to happen and no software will tell you that.

I do trade. Most of my trades are in DOW stocks. On any giving day,most have a nice daily spread of about a buck and a half. Sometimes it will be much more.

In trading the DOW, I have a very good indicator of where to be. Now I will not get rich doing what I do. But by trading blue chips I minimize my potential for loss. I can always move a good stock into my true investing account, knowing it really will come back

The market travels up and down more because of emotion and greed than it does true financial data.

With brokerage fees being so low you can trade on a twenty-five cent rise. 500 share up .25 is $125. You can do it several times a day. I traded the same stock Monday three times, put the money in the bank and was on the beach by 9AM…. market opens early in Hawaii
I don't believe anyone can teach you to trade. Your best bet is to try it with play money for a long time before you put up real cash. There are many virtual sites around.

When you do decide to trade, make sure your brokerage firm has level 2 NASDAQ quotes and then learn to use them.

As to forums, I have never had much luck with them. I use Scottrade, with there Total View they have active trader alerts. I had a good look over several days and decided it might be good for them for me to trade their picks but would not do me much good.

Also if you are an active trade you will get marked as a pattern day trade, make sure you keep enough in the account. You also should have another account for investments.

Good Luck and Good Trading

A few suggestions.

1) Learn basics of charting, but keep it simple. 2 things: Breakouts, i.e. a price above a previous area of resistance. Second, Support/Resistance, buy at support and sell at resistance.
2) Stick with very high volume stocks. Consider QQQQ (index of the nasdaq 100), has good volatility and massive volume so you can get in an out quickly without affecting price.

Stick to strict loss rules, because in order to succeed you have to survive the learning process.

Good Luck.

Before you start trading you have to open account and deposit money on it. In a dual currency deposit account you can deposit in two currencies, (like rupees and dollars) and trade in the two (for instance on the Indian stockmarket and the Nasdaq).

Margin trading is trading securities with some of one's own cash together with cash borrowed from a broker. This has the effect of magnifying any profit or loss made on the securities.