Day Trading: Tips and Strategies for Successful Trading
Introduction If you're going to get into day trading, it's important to start with the right mindset. Day trading is different from regular long-term investing in that it requires constant attention to what's happening in the market at any given moment. If you don't have time for that kind of attention, then day trading probably isn't for you—but if you do have the time and energy, then these tips will help make sure your first foray into this exciting new industry is successful: Know Your Market The first step in day trading is knowing your market, which means knowing the difference between stocks and bonds. A stock is an ownership stake in a company, while a bond is a loan made by one party (the lender) to another party (the borrower). The borrower agrees to pay interest on the loan, known as coupon payments or yield, until it has been paid back completely at maturity. The second step is knowing how these two types of securities behave differently under