Day Trading Basics - Information for Beginning Day Traders
If you have just started day trading, or are thinking of becoming a day trader, the following articles will provide the basic information that you need to get started. Topics such as an introduction to day trading, the markets that can be day traded, and explanations of the tools that you will need, are all covered in detail, and will provide a good understanding of the basics. With this solid foundation, you will be able to progress to day trading's more advanced topics with confidence.
What is Day Trading?
Explanation of what day trading actually is, and how it relates to other styles of trading. Includes some of the differences between day trading styles, types of trade, and day traders' personalities.
Explanation of what day trading actually is, and how it relates to other styles of trading. Includes some of the differences between day trading styles, types of trade, and day traders' personalities.
Which Markets can be Day Traded?
Introduction to the markets that are available to day traders, including some popular futures, options, currencies, and stock markets.
Introduction to the markets that are available to day traders, including some popular futures, options, currencies, and stock markets.
Day Trading Tools
List of the tools needed for day trading, with minimum specifications and recommendations. Includes discussions of day trading computers, Internet access, brokerages, trading and charting software, and market data.
List of the tools needed for day trading, with minimum specifications and recommendations. Includes discussions of day trading computers, Internet access, brokerages, trading and charting software, and market data.
Day Trading Charts - Bar, Candlestick, and Line Charts
Descriptions of bar, candlestick, and line charts, with the trading information that they represent, and instructions for reading and interpreting them during trading.
Descriptions of bar, candlestick, and line charts, with the trading information that they represent, and instructions for reading and interpreting them during trading.
Day Trading Market Data
Description of day trading market data, and the trading information that market data provides. Includes profiles of the most popular market data feeds, with the markets that they offer, their monthly fees, and their software and programming interfaces.
Description of day trading market data, and the trading information that market data provides. Includes profiles of the most popular market data feeds, with the markets that they offer, their monthly fees, and their software and programming interfaces.
The Bid, Ask, and Last
Definition of the market prices known as the bid price, the ask price, and the last price, with an explanation of how these prices affect day trading.
Definition of the market prices known as the bid price, the ask price, and the last price, with an explanation of how these prices affect day trading.
Buying and Selling Volume
Description of buying and selling volume, including how each type of volume affects the current market price.
Description of buying and selling volume, including how each type of volume affects the current market price.
Day Trading Order Types
Description of the day trading order types that are combined to make a complete trade. Includes market, limit, stop, stop limit, market if touched, and limit if touched orders.
Description of the day trading order types that are combined to make a complete trade. Includes market, limit, stop, stop limit, market if touched, and limit if touched orders.
Stop or If Touched Orders
Explanation of the differences between stop orders and if touched orders, with examples of how using the wrong type of order can greatly affect your trading.
Explanation of the differences between stop orders and if touched orders, with examples of how using the wrong type of order can greatly affect your trading.
Fundamental or Technical Analysis?
Discussion of the differences between fundamental analysis and technical analysis, and which type is better suited for day trading.
Discussion of the differences between fundamental analysis and technical analysis, and which type is better suited for day trading.
Trading During News Releases
Discussion of whether day traders should have active trades, or be flat (no active trades) during news releases.
Discussion of whether day traders should have active trades, or be flat (no active trades) during news releases.
Trading Logs
Discussion of trading logs, including the information that a trading log should include, and the different formats that a trading log can be stored in.
Discussion of trading logs, including the information that a trading log should include, and the different formats that a trading log can be stored in.
Trading Stock Indexes
Discussion of trading stock indexes using futures and options markets, including charting the stock indexes while trading the futures and options markets.
Discussion of trading stock indexes using futures and options markets, including charting the stock indexes while trading the futures and options markets.
Emergency Hedging
Description of emergency hedging, and an explanation of when it is used, with examples of emergency hedging strategies.
Description of emergency hedging, and an explanation of when it is used, with examples of emergency hedging strategies.
Overcoming a Losing Streak
Discussion of day trading losing streaks, with examples of acceptable losing streaks for different types of trading system, and suggestions for overcoming a losing streak.
Discussion of day trading losing streaks, with examples of acceptable losing streaks for different types of trading system, and suggestions for overcoming a losing streak.