Day Trading Training
Day trading training involves the process where the potential trader (or day-trader-in-training) is equipped to increase his probability of becoming an effective trader.
Trading training should make the day trader familiar with the trading platform he will use as well as equip him with techniques and strategies that include when to buy, when to sell, how to set stop losses, etc.
The coaching and experience received in this training are essential in empowering the day trader. Day trading training should not just involve the reading of books (in fact, I think many day trading books in the market are worthless); it should also include plenty of paper trading on a live simulator and, if possible, one-on-one mentoring from a trainer.
Before forking over thousands of dollars for a training that alleges to make anyone a millionaire in five days or less, a prospective day trader should ask many questions before commencing.
Back to trading definitions.
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