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15 Things To Know Before You Start Day Trading

by You Are Rich

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No, this isn’t another spammy video telling you we’ll help you become a millionaire if you set up a day trading account. If anything, we’re going to tell you pretty much the opposite.
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In this Alux.com video we will be answering the following questions:
What are 15 Things To Know Before You Start Day Trading?
What is it to know about day trading?
What do I need to know before day trading?
How much money should you have to start day trading?
How much does an average day trader make per day?
Can you start day trading with $1000?
How to Start Day Trading?

00:00 – Intro
00:40 – Day trading is completely different from investing.
01:39 – It’s high risk.
02:26 – Many successful day traders work for large institutions.
03:19 – It’s a zero sum game.
04:14 – More people than ever are doing it.
05:04 – There are more get-rich-quick schemes and scams.
05:59 – To make it work, you need to be fully invested in it.
06:51 – It requires experience.
07:33 – You’ll want to be good at technical analysis.
08:07 – You’ll want access to real time financial data and multiple news sources.
08:49 – You’ll want to invest in analytical software.
09:24 – You’ll need discipline — and you’ll need to keep emotion out of your decisions.
10:06 – You’ll probably need to use leverage — which is very risky.
11:03 – In US law, you’ll also need $25 000 in your account to do it.
11:38 – Day traders should only use risk capital.
12:21 – Question

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