

Besides account requirements, there's also taking into consideration commissions versus trade value. To buy and sell stock can cost anywhere from $10-$40 overall, so you should be expecting profit exceeding this before entering a trade, which means trade size is a key component. Average daily volume of a stock wil lgive you an idea of what you can expect to be able to buy or sell.
Utilizing different technical indicators such as stochastics, RSI, MACD, moving averages, and price change patterns could give insight into possible future price changes, but these are all speculative and should be used with caution. I would caution anyone who is a beginner trader/investor about day trading. For short term gains, it's better, and less risky, to find stocks about to increase over the next few days/weeks/months. You'll more than likely realize more gains at less of a risk. It's up to you to learn how to do this correctly, but it can be a much more reliable method of trading rather than day trading. Good luck!


I do not know the laws in Canadian Stocks. You should consult a lawyer before you daytrade in Canada.
If you daytrade in the United States of America by Law you will get a Credit Line of at least $100,000.00 (This is called a margin account)
However, if you don't have assets of at least $75,000.00 (For example, a $25,000 car and a $50,000 property) that you can sell in case things go wrong I strongly suggest you NOT TO DAYTRADE ON MARGIN WITHOUT LIMITING YOUR LOSSES TO A MAXIMUM OF 25% (This means you will only lose your original $25,000)
If you want I can email the Daytrading Laws.
Do not listen to cgimwei.
You need at least $500 to open a brokerage account in Scottrade.com
Example 1:
You cannot invest all your money in just one company. Therefore we are going to invest $225 in each company.
You buy 10 shares for $225 in Wal-Mart
You buy 10 shares for $225 in Target
Let's say you got lucky and both stocks actually went up 5% that day.
Your stocks are now worth $236.25 ($11.25 Profit)
However, you already paid $7 when you bought them and you need to pay another $7 when you sell them
Therefore in this example you actualy lose money.
You also need to consider you have to pay taxes on your capital gains. (Consult your Accountant before you start daytrading)
If you need more detailed advice about daytrading drop me a line.
This training involves, live practical trading lessons in the stock market, how individuals can make money weather share prices go up or down , methods to maximise profits and minimise losses. This training will give me the right attitude and confidence to get into the stock market and make lots of money in a hurry. so paying back my sponsor will not be a problem if need be. thanks

http://adityamoney-aditya.blogspot.com/

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Also if you are looking for an online broker, I use Scottrade, they are very cheep $7 trades for market and limit orders.
Hope this helps.
1)successful day trading
2)mid term trading
3)long term trading.

if u have are thinking about earning some money out of your investment u need to think and act smartly..by investing for midterm and long term…all the transactions(buying and selling that u do must result in a positive long term investment…i mean your short term trading must ensure that your long term investment goals are achieved.for this remember these things carefully while trading …
when it comes to making profit..it depends on ones strategy of investing…
people can make good money if they invest properly …and if ones foolish and more greedy he might loose out every thing…things always happen in extremes in stock markets…
remember this one thing before investing….
dont hurry ur self…think about the stock fundamentals(like its financials like balance sheet or in simpler terms the profits that it made during recent times..its managing style..people in the business…competetors industry as whole etc)
when once u feel that the stock is fundamentally good..then u move on to technical aspects like how is the stock performing in recent times..take the history of atleast past 3 months…and then invest if u feel thats good..u can get the recommendations in investment channels like CNBC watch it carefully during the market hours.
when u invest u have to watch the price carefully..keep a target level..say fro example u bought it at 100..keep a target for that stock say 130…sell it at that level..i dont recommend u to sell it entirely(in bullish market when the market is goin up..sell a partial amount of your holding..and when the market is falling down..book the entire profit by selling it…)
then u can pick another stock…
even while buying the stock its necessary for u to pick up the stock when ever the market is down..it has to be systematic..by this u can average out ur buying price…by doing this u can average the price..if u see n compare the total market movement..which will be more profitable….
i hope ive given u sufficient information to start off..feel free to ask if anythin else is necessary…
Happy investing…!!!!!!



