72. The Advantages and Disadvantages of Day Trading
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You may be interested in day trading, day trader, day trade videos - technical analysis - for wealth building
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the big disadvantages in day trading is not the cost or the time
the big problems is the psychology problems that is the reason that 95% the people
lose in day trading
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hey
InformedTrades men, i really want to thank you 4 giving something back to the people. please keep it up.
i registered just to subscribe, aint that loyalty:)
+ i think there might be quiet a lot of questions coming from me. lol
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in forex..
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Hi Dave why specifically do you say most day traders fail, if you have discipline and a good trading plan wouldn't you need less capital and begin to take small profits during the day. What do you think about swing trading, using it combined with day trading?
yosergeibell 3 years ago
Hi Yosergeibell, thanks for the comment. I say that most traders fail because that is a pretty well known fact among traders. As far as why they fail I think it is a combination of the ease in which one can get started in trading (lots of people can easily try it so lots of them fail) poor psychology, and a lack of hard effort. One of the nice things about fx is that you can trade mini or even micro contracts allowing you to start with a lower balance and maintain good money management.
InformedTrades 3 years ago
As far as swing trading in combination with day trading combining the two styles is something that I have seen people have success with in the past. Best Regards, Dave
InformedTrades 3 years ago
good stuff Dave. Thanks
funpo2005 3 years ago
Thanks for the comment funpo2005 I am glad you liked it. Best Regards, Dave
InformedTrades 3 years ago
Very good lesson, looking forward to the next lesson.
PLooBzor 3 years ago
much appreciated glad you liked it. Best Regards, Dave
InformedTrades 3 years ago