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Day Trading Bitcoin - Price to Double by EOY?

Day Trading Bitcoin | DayTradeFEED.com

Will Bitcoin's Price Double by the End of 2018? Despite recent price stalls, several cryptocurrency experts believe Bitcoin will double in value by the end of 2018. The report from Independant.co.uk is great news for those day trading Bitcoin, as there is sure to be significant market volatility in the coming months. "I believe bitcoin's price will continue to fluctuate between $6,500 and $8,500 in the coming weeks," David Hanson, a blockchain expert and CEO of the gaming platform Ultra, told The Independent. "In the medium-to-long term, bitcoin's value should go up, as big institutions enter the crypto space in a bid to gain first-mover advantage, further legitimising the market." Day Trading Bitcoin After It's Fall Bitcoin was valued at more than $19,000 in December 2017. In the half year since, owners, investors and those interested in day trading Bitcoin watched its value drop like the Hindenburg. The most recent data shows Bitcoin's current value at just around or under (depending on who you talk to) $7,700. During this time, many cryptocurrencies hit the market, which sent each of their respective values through significant peaks and valleys. The dust is still settling, but look for the Bitcoin market to seem stagnant in the near future. As time moves on, however, look for that market to trend up and up some more. Be patient! You should then be able to ride that up trend for awhile. New Regulation around Day Trading Bitcoin? Bitcoin and its nose dive (see above) was caused by a variety of events. First of all, there is almost zero regulation around these cryptocurrencies as it currently stands. Because of this, recent law making sessions have seen an increased focus on this new area of the economy. Due to these sessions, many owners, investors and those day trading Bitcoin have seemed to shy away from the market. This wasn't good for the all around vibe surrounding Bitcoin, which caused the price to drop. In addition, a spike in governments seizing Bitcoin and other cryptocurrency for legal matters is causing some concern. Noteworthy cases include the recent MtGox case, where Bitcoin was taken and sold on different exchanges. Want to Learn More About Day Trading Bitcoin? Contact Us to learn more about day trading bitcoin, day trading forex or any other possible market! Read the full article

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Day Trading Futures - Gold, Copper and Silver

Day Trading Futures | DayTradeFEED.com

Update on Gold, Copper and Silver Trading Above all, what happened last week should be seen as an example of how trade disputes can affect day trading futures. The annual meeting between leaders of the Group of Seven industrialized nations began in Canada last week (G-7 summit). Prior to the meeting, President Donald Trump decided to call out trade agreements between France, Canada and the US. This led to serious tension at the summit. As a result, President Trump has decided to leave the gathering early. “The six countries of the G-7 without the United States are a bigger market taken together than the American market. There will be no world hegemony if we know how to organize ourselves. And we don’t want there to be one,” French President Emmanuel Macron said in Ottawa on Thursday with Canadian Prime Minister Justin Trudeau by his side. In addition, Trump is also currently feuding over trade with China and Mexico, the US's neighboring country to the south. Due to this feuding, feelings around the Gold, Silver and Copper Futures markets wasn't as chipper as many hoped. How Do Political Disputes Affect Day Trading Futures? These political disagreements can be a nightmare for day trading futures, especially with someone in charge who has a tendency to publicly attack other nations and their leadership so quickly. This can cause big swings in the market that can be hard to avoid and get out of when going against you. As a result of this volatility, the price of gold has actually increased, holding on to a .2% increase during the week. This is typical during political turmoil, as many rush to obtain assets such as precious metals as a way of avoiding any type of recession or decreased trading. “While risk aversion created from heightened trade concerns is positive for gold, expectations over higher U.S. interest rates are likely to threaten upside gains,” said Lukman Otunuga, research analyst at FXTM. “With the expected to announce another interest rate increase next week, zero-yielding gold may face some headwinds down the road.” Above all, make sure you pay attention to a specific resistance level if you're day trading futures. Chintan Karnani, chief market analyst at Insignia Consultants, believe that resistance level lies at $1,312.60. If the market breaks that level, look for it to continue trending upward.

Day Trading Futures with DayTradeFEED.com

Are you looking to retire but aren’t sure if you can afford it? Want to see the world, but can’t quit your day job? Do you have a child heading off to college soon and need to find a way to supplement your income in order to handle it? Day trading futures could be exactly what you’re looking for. The reality is that there’s not a lot of other options as ideal for you and/or your business. Traders can make money spending as little as one or two hours per day day trading futures. Fortunately, you can learn how to do the same! Get Started Day Trading Futures If you’re still reading this blog post, chances are you’re pretty interested in learning to day trade futures. Fortunately, there’s an easy way to get your questions answered and find all the information you need. Simply contact us, and we’ll have a vetted and accredited representative reach out. Day Trading Futures – Still Not Sure? Still not sure you’re interested in learning more about day trading futures? Check out our Should I Day Trade? page to see if you have what it takes to get in the game! Day trading comes with some unique and prevalent risks attached to it. At DayTradeFEED.com, we want to make sure you have all the resources you need to be successful and see profits. Please email us at [email protected] with any questions or comments!       Read the full article

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Cryptocurrency History

Cryptocurrency History

As of June 1, 2018, the market capitalization of Bitcoin stands at $126,792,543,902. First of all, let me just say that cryptocurrency history is an under-acknowledged history. Nevertheless, it's something that we should be discussing with relatives and teaching our kids in school, etc. Why? Certainly the future depends pretty heavily on innovative and virtual cryptocurrency. Consequently, it's something that we should all understand. It's IMPORTANT. Cryptocurrency is important to our economy. It's important to each individual country's national currency. Above all, it's important for the future and our children's (and grandchildren's) financial well-being. In fact, if you had invested $1,000 in Bitcoin at the first available moment, your investment would be worth more than $48,990,830. Probably something we should wrap our heads around, yeah? Before Bitcoin Most noteworthy from this period of cryptocurrency history was the fact that there were multiple attempts to create one. In contrast to Bitcoin, however, these attempts failed. Almost no one remembers these attempts, with the small exception of B-Money and Bit Gold. As a result of these failures, the paper titled Bitcoin - A Peer to Peer Electronic Cash System was posted to a mailing list on cryptography. Even now, nobody knows who posted the paper, although someone going by Satoshi Nakamoto takes credit. Beginning of Bitcoin The year was 2009 (earlier than you thought, right?). Bitcoin software and Bitcoin mining (process of verifying transactions) is made available to the public. By 2010, someone had decided to try and sell some. Probably not the best idea, considering two pizzas were worth around 10,000 (now worth more than $100 million). One year later, rival cryptocurrencies began appearing. By the end of 2011, more than 1,000 cryptocurrencies (Litecoin and Namecoin among them) were in circulation. Bitcoin Bites the Dust In 2013, Bitcoin reached $1,000 in value for the first time. As a result, its value crashed almost suddenly down to $300, costing many investors a fortune. It would take more than two years for the value to rise past its previous high again. By 2014, Bitcoin theft and scams became prevalent. In January of that year, the biggest Bitcoin exchange the world had ever scene experienced an error, causing more 850,000 Bitcoins to simply vanish. There are still investigators trying to understand exactly what happened during the transaction. At the time, the Bitcoin were valued at around $450 million dollars. Today, they would be worth $4.4 billion. Cryptocurrency in Recent Years Moving forward into 2016, one cryptocurrency began catching the attention of investors and potential investors alike. This was the Ethereum platform (CLICK HERE to learn more about Ethereum), and it had begun gaining a lot of traction. Furthermore, 2016 also marked the arrival of Initial Coin Offerings (ICOs), or the option to invest in different types of cryptocurrency right when they hit the market. As a result of this, the United States government began warning of cryptocurrency fraud and investment schemes, but did not regulate. In contrast, the Chinese government banned cryptocurrency all together. As a result of its growing popularity, Bitcoin reached a value of $10,000 by 2017, and only continues to grow in value. Consequently, even banks as big as Barclays and Citi Bank are investigating ways of getting in on the cryptocurrency action. In conclusion, cryptocurrencies like Bitcoin and Ethereum are here to stay. Contact us to learn more about cryptocurrencies and how they fit into day trading. Read the full article

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Types of Cryptocurrency

Types of Cryptocurrency

Above all, this page is meant to help you understand the different types of cryptocurrency beyond just Bitcoin. Bitcoin is extremely popular as of late, which means it's difficult to obtain. The following descriptions give valuable information on the different types of cryptocurrency. Three Major Cryptocurrency Categories Before we get into the specific types of cryptocurrency, we need to go over the three main categories that each type falls into. These categories are: Transactional Cryptocurrencies Stores and exchanges value. Examples include Bitcoin and Litecoin. Cryptocurrency Platforms Creates infrastructure to build new Blockchain applications Ethereum is an example of a cryptocurrency platform meant to serve as a way to run smart contracts. Factom is another example of this. It allows developers to create secure record-keeping applications. Cryptocurrency Applications Built on top of cryptocurrency applications. Meant for all types of uses, including creating a decentralized exchange for other types of virtual currencies. Top 10 Cryptocurrencies by Market Capitalization As of 6/1/2018

Types of Cryptocurrencies You Should Know Above all, you should know that not all types of cryptocurrencies are the same. The following types of cryptocurrencies stand above the rest. If you're looking to invest, you're probably going to want to know these up and down, back and forth. Bitcoin (BTC) Market Capitalization: $126,792,543,902 The first noteworthy decentralized currency to use Blockchain technology to implement person-to-person transactions, Bitcoin is hands-down the most well known cryptocurrency on the planet. Bitcoin is not controlled by any central bank or government, but instead uses the distributed blockchain as a ledger to record and verify all transactions in the history of the currency. This ledger shows the credibility of bitcoin owners, and helps avoid double spending problems like we've seen in the past. Ethereum (ETH) Market Capitalization: $56,731,495,888 This platform acts as a way to create smart contracts using Blockchain technology. These smart contracts consist of small amounts of (almost unchangeable) code written to the blockchain. Contracts can be used by referencing it in the Blockchain, which in turn, uses the network to verify the transaction. Ripple (XRP) Market Capitalization: $23,928,761,009 This platform and currency makes transactions between countries fast and easy. It works like this: Seller converts their currency to Ripple Seller requests the transaction on the blockchain Buyer obtains Ripple and consequently converts it to their own currency on the other end Furthermore, this blockchain doesn't use mining. In contrast, it relies on a fixed-amount of currency locked in time-based contracts. Bitcoin Cash (BCH) Market Capitalization: $16,859,922,910 Noteworthy for being a break-off of Bitcoin, this currency is most noteworthy for improving scalability issues. Bitcoin Cash implements an adjustable block size in the Blockchain, up to eight times as big as Bitcoin. Adjustable block size decreases the amount of fees because more transactions can fit within the block. Finally, one of the drawbacks of adjustable block sizes is the increased amount of processing power required to verify any transaction. This makes hacking a bigger possibility. Litecoin (LTC) Market Capitalization: $6,717,599,555 Even smaller than Bitcoin Cash, this break-off of Bitcoin speeds up the transactional speed and functionality that its predecessor lacked. As a result, Litecoin transactions take around 25% of the time required by Bitcoin. This is mostly because of an easier proof-of-work system. Furthermore, the increased speed makes Litecoin capable of handling more transactions with less fees. Just the Beginning for Cryptocurrency While the most popular types of cryptocurrency are included above, there are literally hundreds more out there waiting to take off. As a result, developers continue innovating the blockchain technology, allowing cryptocurrencies to evolve and innovate along with it. In conclusion: Contact us to learn more about other types of cryptocurrency!   Read the full article

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Learn to Day Trade

Learn to Day Trade

Want to learn to day trade? Submit the form below and we'll put you in contact with a credible, verified coach who can answer all of your questions! We'll never spam your account or sell your information!

Still Not Positive You Want to Learn to Day Trade?

Check out some of our FAQs below to see if others have had similar questions! Do I have the necessary time to learn to day trade and make money doing it? First of all, this answer obviously depends on the trader, market and available trading hours. Most day traders learn to day trade and go on to spend between one and two hours per day trading in the market. This is more than enough time to make a good return on your account without being too overwhelmed in your trades. Is it actually possible to learn to day trade and do it for a living? Of course it's possible to make a living by day trading. Many even consider it to be the ideal source of income for themselves and their business. Furthermore, day trading is powered by a daily financial flow of $5.3 trillion, meaning there's plenty for all to create extra cash, lifestyle income and wealth. Do I need to have money before I can make money? Capital is needed before one can make money day trading most of the time. However, a recent movement has emerged which allows day traders to access corporate-funded trading accounts and keep a certain percentage of the profits returned. Watch this video to see how you can day trade corporate-funded accounts: When I learn to day trade, how will I know which trades to make? Most day traders use different strategies and tools when predicting market direction. As a result, programs usually offer software that charts market data and indicates which way the market is trending over a specific amount of time. These tools are typically algorithm-based and referred to as "indicators." Watch the video below to see an example of indicators as they work: Will I be a successful day trader? There are a lot of different resources online which can show you the ideal characteristics of a day trader. These resources claim to find the common traits shared by successful traders and promise to teach you how to develop them for yourself. You can also check out our Should I Day Trade? page to find more information on the subject. Can I find out more information without committing to a day trading program? You can contact us using the form above, or email us at [email protected]!   Read the full article

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Day Trading Books

Whether you're looking for free day trading books, audiobooks on day trading, or in-depth day trading strategy, DayTradeFEED.com has you covered.

The following day trading books and other resources (free day trading books, audiobooks, etc) are recommended by DayTradeFEED.com's editors. While these books will help any trader, keep in mind that results always vary and there is no one-system-fits-all solution to day trading.

Market Mind Games:

A Radical Psychology of Investing, Trading and Risk Denise Shull, MA Summary: In day trading, emotion can be a killer. Self-discipline and the way you react when a trade goes against you is key to a successful strategy. Market Mind Game, author Denise Shull teaches day traders to instead harness their trading emotion instead of trying to restrain it.

The Psychology of Trading:

Tools and Techniques for Minding the Markets Brett N. Steenbarger, PhD Victor Niederhoffer, Chief Speculator, Manchester Investments: "The one, only, and by far the best book synthesizing psychology and investing. In addition to providing modern, scientific knowledge about psychology, this book provides a mirror into the mind and wide breadth of knowledge of one of the leading practitioners of brief and effectual cures. Will help to cure your trading and your life." Linda Raschke, President, LBRGroup, Inc.: "How refreshing! A book that rises above the old NLP model of the 80's and provides insights on how our relationship with the market is indeed a very personal one. Not only has Steenbarger provided some fantastic tools for the trader to transform his mindset, but he has contributed unique trading ideas as well. Brilliant!" Yale Hirsch, The Hirsch Organization Inc., Editor, The Stock Trader's Almanac: "'Investigate, before you invest' was for many years the slogan of the New York Stock Exchange. I always thought a better one would be, 'Investigate YOURSELF, before you invest.' The Psychology of Trading should help you increase your annual investment rate of return. Mandatory reading for anyone intending to earn a livelihood through trading. Jon Markman, Managing Editor, CNBC on MSN Money: "This highly readable, highly educational, and highly entertaining book will teach you as much about yourself as about trading. It's Oliver Sacks meets Mr. Market-extraordinary tales of ordinary professionals and individuals with investment disorders, and how they successfully overcame them. It is a must-read both for private investors who have been shell-shocked in the bear market and want to learn how to start again, as well as for pros who seek an extra edge from extra inner knowledge. Steenbarger's personal voyage into the mind of the market is destined to become a classic." Laurel Kenner, CNBC.com Columnist, Author, Practical Speculation: "Dr. Steenbarger's fascinating, highly readable blend of practical insights from his dual careers as a brilliant psychologist and trader will benefit every investor; knowing oneself is as important as knowing the market.

Trade Like a Casino

Find your edge, manage risk, and win like the house. Richard L. Weissman Summary: We've already said no trading system fits an individual perfectly. Everyone who gets into day trading needs to find their own system that works for them. However, there are certain common practices and characteristics that successful day traders all share. In Trade Like a Casino, author Richard L. Weissman goes over these common characteristics, explores how to account for being wrong on a trade, and discusses how to formulate an effective trading strategy while weighing all your options.

A Random Walk Down Wall Street

The time-tested strategy for successful investing. Burton G. Malkiel Summary: With over 1.5 million copies sold, A Random Walk Down Wall Street by Burton G. Malkiel is one of the best investment guides money can buy. This 11th edition includes updated information on exchange-traded funds, investment options in new/emerging markets and "smart beta" funds.

Pit Bull

Lessons from Wall Street's Champion Trader Martin Schwartz Summary: Author Martin Schwartz began as a fundamental analyst before realizing he needed to change up his strategy if he wanted to make money day trading. After including technical analysis into his trading, he was able to make $1.8 million in his first two years. This eventually led to the nickname "Pit Bull." Learn more by clicking the link above.

Want more recommendations on day trading books?

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Day Trading Terminology

One of the first steps in day trading is to learn these basic day trading terms.

The following 15 day trading terms will help you hold your own in any conversation that surrounds day trading: Buy/ Sell When a day trader says "buy," it means getting into a trade at its low point and waiting for the market to increase. When a day trader says "sell," it means getting into a trade at its high point and waiting for the market to decrease. Candlestick A charting icon that shows the open, close, high and low points of a specific market during a specific period of time.

Day Trading Buying stock shares with the intention of selling them in the same day and taking the small profit from the transaction. Forex Short for Foreign Exchange This is the market in which foreign currencies are exchanged. Largest, most liquid market in the world. Futures Financial contracts which obligate the buyer/seller to purchase/sell the asset at a future, predetermined day and time. Gap Up/Gap Down When a stock opens at a higher or lower price point than when it last closed. Pip One of the most common terms used in day trading. Short for point in percentage. Measurement unit which shows the amount of change in a currency pair found in the foreign exchange market. Profit/Loss When a day trader refers to their profit, they are referring to the amount of increase within a financial account created by different trades. Day Trading Term Tip If a trader has $10,000 in a trading account, but after making a trade has $12,000, the profit is equal to $2,000. When a day trader refers to their loss, they are referring to the amount of decrease within a financial account created by different trades. Day Trading Term Tip If a trader has $10,000 in a trading account, but after making a trade has $5,000, the loss is equal to $5,000. Resistance Level of price in which buyers are overpowered by sellers, making if tough for the market to cross over.

Scalp A style of day trading in which the trader takes advantage of very small changes in price within the market. Short Selling Selling un-owned stock shares hoping to buy them back at a lower price point. Spread Bid and Ask price difference. Support Level of price in which sellers are overpowered by buyers, making if tough for the market to cross over. Trend The general direction in which a market has moved in a certain period of time. An "Uptrend" occurs when the market has been generally increasing over time. A "Downtrend" occurs when the market has been generally decreasing over time (see below).

Volume Number of stock shares that have been traded during a specific amount of time. Want to learn more about day trading and day trading terminology? We can refer you to a specialist who can give you the answers you need. CLICK HERE to contact us! Read the full article

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Day Trading Futures | Update

Futures Market Updates | DayTradeFEED.com

Issues with North Korea Different news, events and political rumors can affect your trades if you are day trading futures. This has been apparent recently as talks between the United States and North Korea have been in the focus of the American consumers. To give a little history behind this, North Korea has been more or less against coming anywhere near talks with leaders from the United States without a weapon readily available. This all changed in the past months, as President Donald Trump negotiated a meeting with North Korean leader Kim Jong Un, which was set for the 12th of next month. Trump Cancels the June 12th Summit This summit between the two nations (with South Korea in attendance as well) was cancelled on Thursday, May 24. President Trump announced this via his twitter feed:

"I have decided to terminate the planned Summit in Singapore on June 12th. While many things can happen and a great opportunity lies ahead potentially, I believe that this is a tremendous setback for North Korea and indeed a setback for the world...," Trump said. While the announcement came as a shock to the entire world, there were warm and positive feelings to follow. “We express our willingness to sit down face-to-face with the U.S. and resolve issues anytime and in any format,” said Kim Kye Gwan, a senior North Korea foreign ministry official, in a statement published by North Korea’s official state media. Trump followed his tweet by saying he was glad to hear a positive message from North Korea and looked forward to meeting in a summit setting in the near future. "Very good news to receive the warm and productive statement from North Korea. We will soon see where it will lead, hopefully to long and enduring prosperity and peace. Only time (and talent) will tell!" Trump tweeted. How does this affect those who are day trading futures? Just like any type of announcement made by a high-ranking government official, Trump's tweet sent stocks plummeting on Thursday. However, this down trend retraced a bit as feelings didn't seem to be as tense as the day moved along. On top of this, crude oil futures fell 3.3%. This was due to the Organization of the Petroleum Exporting Countries reducing oil production by up to one million barrels per day. Crude oil prices have already risen 13% this year and look to only increase. Day Trading Futures | In Conclusion “If the Saudis do lift oil production, that could be the news of the day. It may result in a weak patch for the energy sector, but for the broader market that could be offset by a rise in sentiment if it results in gas prices falling going into the summer driving season,” said John Augustine, chief investment officer at Huntington Private Bank. “There’s still a lot of questions about geopolitical issues with North Korea. Recent developments have seemed positive, but there’s a big question of what the sentiment is going to look like during the long weekend. The question for investors is whether they should wait until Tuesday to see what happened over the weekend and make decisions then.” Read the full article

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Pros and Cons

DayTradeFEED.com | Day Trading Pros and Cons

The first thing we want to say regarding the pros and cons of day trading, or positive and negative aspects, is that nobody has a neutral or medium opinion on the subject. People who have experience in the field always seem to love everything about it, or loathe it entirely. This can make it hard to get real information and true feelings behind day trading and all it entails.

Day Trading Pros The following points are positive aspects found within day trading. Please keep in mind that everyone's experience differs, so if you'd like to verify these yourself, you can learn more about day trading by CLICKING HERE. Trade anywhere, any time and at your own pace. Day traders can typically trade around the clock. You can find 24-hour trading each day besides Saturday. You don't need to have an education from an expensive university to learn. Day trading is a career that literally anyone can take part in, regardless of gender, age, previous experience, etc. Once mastered, it also pays out more than most typical careers, which is great considering it doesn't require a college degree. Level of risk is completely dependent on trader. Choose your market, hours of trading and how aggressive you'll be during your trades. Day traders are not exposed to the same type of risks and swings that other stock investors encounter on a day-to-day basis. If the market you're trading goes down, you can still make money. If a government announcement goes out and the market shifts, you can still make money. If a giant recession comes around, you can still make money. Don't believe us? Contact us to check out our examples.

Day Trading Cons Chances are that most of you found this page by searching for day trading pros and cons on Google, while really just looking for the cons. To be honest, we don't blame you. Day trading can be a scary thing, and no amount of research or preparation can take the nervousness and excitement out of making that big decision. The negative aspects of day trading listed below is not complete, in fact, it's not even close to complete. Again, each individual day trader has their own experience with the practice. Please, we implore you, if you really want to know what day trading is all about, contact us and we can refer you to a trusted, credible day trading specialist ready to answer all of your questions and get your started on your journey to financial freedom. Time commitment of day trading. One or two hours trading per day is all it takes to be successful, but for some people, one or two hours is a dealbreaker. Oh, also, there's a risk of losing money (if you didn't know already...). Remember earlier when we were telling you about everyone's extreme opinions on day trading and what it entails (see above)? If you were to ask someone who had a bad experience what the risk is in day trading, they'd probably tell you it's a TOTAL SCAM and there is no doubt you will lose all of your money. Granted, these are the people who typically didn't put the necessary time and commitment into their education and training. Ask someone who has had a positive experience, and they'll begin to barrage you in all the amazing things they're now able to do because they day trade. They'll start talking about how they have so much money and everything they've ever wanted. While this can also be true, it's not typical. When it comes to day trading, the truth is that you're gonna win some and you're gonna lose some. The same could be said about life, though. The key to success is winning more than you're losing, which is why all these day trade education platforms have been popping up (find the right day trading education platform by CLICKING HERE). Day trading can take a little while to master. Just like anything worthwhile in life, day trading can take a good amount of time to learn and master. This is another reason why so many people have bad experiences. They're not able to stay focused and wait for the pay out. While this fact is a bit sad, it just means more profits for those of us who can hack it, right?

In Conclusion: Day Trading Pros and Cons You'll notice this page doesn't have a long, intricate list of details regarding all the good and bad stuff about day trading. Like we've been saying, everyone has a unique experience. The only way to really know whether or not day trading is right for you is to try it yourself. This is where a lot of people get hung up. They're interested, they've read all the reviews they can find online, but they don't know how to take the leap. Well, we can help. Send us your information and we'll put you in contact with someone who can get your the answers you need. Read the full article

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Should I Day Trade?

Should I Day Trade?

Does it seem like every day trader is REALLY into day trading? They never talk about anything else, bring it up constantly, and even try invite friends to learn more for themselves. We all know someone like this, but my situation was different... I was related to this person (my father). Honestly, the man wouldn't shut up about it. He was so excited and it seemed like I couldn't get a word in edge-wise. But I realized really quickly that he was excited for a reason. My father recognized the opportunity to find financial freedom through day trading. Do you understand what that means? No more living paycheck-to-paycheck. No more financial stress. No more relying on low-paying jobs at heartless corporations. I understood why he was excited, but I was still skeptical. This was, of course, until I learned for myself what it takes to find success as a day trader.

Pre Day Trading Day Trader Checklist

The idea of day trading as a means of continual income is usually dismissed right off the batt. Many excuses include a lack of understanding, not enough time, full-time work elsewhere, etc. While there are many ways to trade in the stock market, day traders tend to fall into one of two categories. The first category includes those who trade every now and then as a hobby. The second, those who want day trading to be a main source of income. If you fall into the second category, here’s a list of what you’ll need to find success day trading: Enough Capital The first thing many people learn about day trading is that they need to have money to make money. Many choose to only use risk capital, or money they can afford to lose (discretionary income). This keeps emotion from dominating the trade and helps the trader avoid financial ruin. The paragraph above is true in most cases, but recently a group of day trading education companies have made it possible to start trading using account funded by a corporation (see video below). Learn more about how to day trade using this group’s money by CLICKING HERE. Market Wisdom In a lot of cases, having a strong knowledge of the market and experience within it is even more important than having risk capital. It’s not impossible to make money without these traits as a day trader, but it is highly unlikely. Fortunately, there are a lot of programs around the country more than willing to help you learn everything you need to know about day trading. You can find a directory of these programs, along with more information by CLICKING HERE. Marketplace Strategy When one person makes money in the stock market, this is because another person has lost that money. This makes having a strategy (understanding your competition) is absolutely critical to success. Some examples of strategies include arbitrage, trading news and swing trading. Following the plan is what helps refine the trading process, increasing the likelihood of taking profits. Self-Mastery Most of the time, emotion is the enemy of successful day trading. The truth is that many trades will go against you before correcting. If you can’t stomach the stress that comes from a small swing in the wrong direction, this type of trading might not be for you. On the other hand, having the discipline to overcome that emotion is what makes good traders great. Remaining calm and collected during a trade is essential to success.

Think what you have what it takes to make it as a day trader?

If you think you have what it takes, or just want to learn more, fill out the form below and we'll send you a list of certified, background-checked trading coaches ready to answer any question you have! Read the full article

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What is Day Trading?

Day Trading: What is it?

I first got involved in day trading after hearing my father describe his own trades and future potential profits. It sounded almost too good to be true, and the truth is that for some people, it is. When you get down to what defines the practice of day trading, many will tell you it’s just buying and selling a security during a single trading day. But it’s so much bigger than that! When someone day trades, they are accomplishing two necessary functions in the marketplace. The first is ensuring the market runs efficiently (arbitrage). The second is the amount of liquidity (most often in the stock market) they provide. There’s strategies and tactics involved, groups who meet together to discuss future market trends, even computer-programmed trading robots making trades based on raw data and much more! Learn more about the basics of day trading by CLICKING HERE. Let’s move forward with what causes the strange connotation surrounding the term “day trading.”

Isn’t day trading just gambling? The funny thing about day trading is how many people are immediately turned off of it by simple gossip. Debates on the practice have and will always be there. Some people think it’s unethical, others, that it’s not a real means of continuing income. But after all the dust settles and you see it for what it really is, you realize how beneficial it could be to countless amounts of people. Millions (literally) of people have made money in day trading. Millions have lost money the same way. But have you noticed you seem to only hear the negative side of things?

Can I day trade for a living?

While there are many ways to trade in the stock market, day traders tend to fall into one of two categories. The first category includes those who trade every now and then as a hobby. The second, those who want day trading to be a main source of income. If you fall into the second category, here’s a list of what you’ll need to find success day trading: Enough Capital The first thing many people learn about day trading is that they need to have money to make money. Many choose to only use risk capital, or money they can afford to lose (discretionary income). This keeps emotion from dominating the trade and helps the trader avoid financial ruin. The paragraph above is true in most cases, but recently a group of day trading education companies have made it possible to start trading using account funded by a corporation. Learn more about how to day trade using this group’s account by CLICKING HERE. Market Wisdom In a lot of cases, having a strong knowledge of the market and experience within it is even more important than having risk capital. It’s not impossible to make money without these traits as a day trader, but it is highly unlikely. Fortunately, there are a lot of programs around the country more than willing to help you learn everything you need to know about day trading. You can find a directory of these programs, along with more information by CLICKING HERE. Marketplace Strategy When one person makes money in the stock market, this is because another person has lost that money. This makes having a strategy (understanding your competition) is absolutely critical to success. Some examples of strategies include arbitrage, trading news and swing trading. Following the plan is what helps refine the trading process, increasing the likelihood of taking profits. Self-Mastery Most of the time, emotion is the enemy of successful day trading. The truth is that many trades will go against you before correcting. If you can’t stomach the stress that comes from a small swing in the wrong direction, this type of trading might not be for you. On the other hand, having the discipline to overcome that emotion is what makes good traders great. Remaining calm and collected during a trade is essential to success.

Why isn’t there a Yelp-style app for day trading companies and programs?

I think about day trading like I think about any type of review I read online. Say I want to go out to dinner one night, but want to be sure I find the best restaurant. What steps am I going to take to ensure I have a good experience? My first thought would be to open up an app like Yelp and find the best rated restaurant in the area. But the problem is that people only leave reviews on these apps and websites when they’re angry. This causes skewed review data, which can lead to a poor dinner choice if you’re not careful. How do you avoid this issue? Go with what you know. Take the necessary time for trial and error. Find the system that is right for you. It may take longer than you’d like, but I promise it will be worth it in the end. Read the full article

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Terminology | Bull and Bear | DayTradeFEED.com

Day Trading Terminology: What do people mean when they talk about bears and bulls?

When it comes to day trading, bull markets and bear markets are two different trends that can be found within a market. These terms are used often, but should be reserved for candid conversation.

Bull Markets

Let’s begin with bull markets first. When someone refers to the market as a bull market, the market has steadily rising prices. These rising prices could be due to one of many contributing factors. These include general positive information that spreads among investors.

Bear Markets

On the other side of the spectrum from bull markets (mentioned above) are bear markets. These markets are trending down, sometimes in a violent way, like a bear swiping down. This is in contrast to bull markets, which trend upward like a bull pushing upward with its horns.

Sentiment in Day Trading

Some may hear the descriptions listed above and be reminded of certain economical bubbles from the past. However, bubble is the wrong term to use when describing these markets. Human beings are the only ones trading in the market (or human-created programs...). This means that emotion will always play a part in decision-making. One of the most important factors of day trading is understanding when market sentiment is weak or strong. This includes understanding when sentiment is just correcting for market swings early on.

An Analogy

Some prefer to think of day trading like a surfer thinks of waves. The tides will bring the waves, but the surfer is the one who has to catch them. This timing, technique and knowledge comes only after putting in the time to train. Make sure you visit DayTradeFEED.com for more information on day trading and day trading terminology.   Read the full article

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Cryptocurrency Tax Law Update | DayTradeFEED.com

Are governments considering cryptocurrency business tax breaks?

The media focused on blockchain-based cryptocurrency at the end of 2017. This will continue in 2018 as Ethereum and Bitcoin are now more than recognizable words. Little regulation is part of what led to this explosion of awareness. If holding value and avoiding market up/down-ticks is the end goal, correction is necessary. CLICK HERE to learn more about Bitcoin, Ethereum and other types of virtual currency.

How do governments tax cryptocurrency?

Governments have created a wide variety of taxation policy worldwide so laws may vary depending on location. Property taxes apply to all virtual currencies in the United States so the IRS regulates this. Commodity taxes apply in Canada so exchange requires a capital gains tax. These taxes help cryptocurrency owners who keep their investment for more than one year. Owners pay less tax because of policies surrounding long and short-term capital gains/loss.

Cryptocurrency taxation in the United Kingdom and EU

VAT tax laws were applied to virtual currency until 2014 in the UK, when virtual currencies began being taxed like currency instead of property. “The value of the supply of goods or services on which VAT is due will be the sterling value of the cryptocurrency at the point the transaction takes place.” said a representative from the HMRC in a statement. Visit DayTradeFEED.com to learn more about Bitcoin and other types of virtual currency. Read the full article

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Day Trading Forex | DayTradeFEED.com

Day Trading Forex | DayTradeFEED.com

For those of you day trading forex, the following is an example of how the dollar trades against the euro: Those of us day trading forex saw the dollar take a loss for the fourth day in a row on Monday. This could be due to uneasy feelings shared by investors regarding a recent uptick by the currency. On top of this, last Wednesday saw the dollar index at its highest peak in 4.5 months against a conglomerate made up of six major international currencies. An increase in U.S. Treasury yields, which directed attention at the large gap in interest rates between the United States and other countries, could be to blame. The recent uptick was halted by poor April price data from U.S. consumers published last week. This data contributed to rising fears surrounding the Federal Reserve and if it would implement raised rates. These rate raise measures could be implemented up to four times this year.   Data showed a 92.402 index score Monday, which means a 0.3 percent drop from the previous week’s 2018 high. “Barring a significant, and unlikely, pickup in productivity, a persistent USD rally is unlikely as the twin deficits crowd out private investment by raising borrowing costs,” said Hans Redeker, global head of currency strategy at Morgan Stanley in London.

Day Trading Forex 101: While the dollar drops, the euro rises.

With feelings around the dollar currently in flux, the euro has seen a .4 percent gain to $1.1986. This comes after dipping to $1.1823 last week, which marked its lowest since Dec. 22. In addition, Italian political news regarding the 5-Star Movement and the far-right League hit the public. Apparently, these two organizations may merge to form a new government for the country. “Italian politics aren’t a major moving factor in the euro zone yet. It’s not an existential threat and isn’t driving a lot of positioning,” said Manuel Oliveri, an FX strategist at Credit Agricole in London. “I expect inflation to rebound in the euro zone and that will keep the European Central Bank’s stimulus unwinding on track,” he said. For more information regarding this article and today’s EUR/USD movements, visit Reuters.com. Read the full article