Become a Full Time Day Trader – Learn by Using a Real-Time Stock Trading Simulation
Before you become a full time day trader, you must acquire the education that is requisite for day trading. What’s the difference between a college education and a day trading education?
With a college education, you spend tens of thousands, if not upwards of $100,000 on four-years worth of several classes, only to land an entry-level job somewhere. Your prospects for expanding your wealth thereafter are limited to your ability to earn raises and bonuses year after year, while socking away money every month toward your retirement.
With a day trading education, you spend at most a couple hundred books for a few weeks or months worth of training, upon which you have unlimited earning potential. It is not unheard of for someone to start with $100 and turn it into $1,000 within 30 days, by doing nothing but day trading with that money. Which education do you think has the better return on investment?
What exactly does a full time day trader do? When people think of day traders, they may think of the guys who wear the colored jackets and stand on the floor of a stock exchange and yell out numbers and make hand gestures to buy and sell stocks, eight hours a day.
That is actually not a true picture of what a full time day trader does.
A full time day trader spends about 2 hours a day in front of the computer conducting research and then setting up automatic trading limits for buys and sells. And she takes the rest of the day off. If she can manage to earn a decent net profit of $500 in one day, that’s $250 per hour!
By: Paul Messner