What is the most affordable way of doing day trading?
Hello,
Can individuals do day trading in Nasdaq? What would be the best way to do it to minimize commission costs?
Thanks…
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Day trading is too risky – don’t do it!!!
open up a mini account through a forex broker and trade the forex. use 50 -100:1 leverage and be disciplined about your investing because there is alot of risk involved plus ther eis no comission involved
Find an online broker with the cheapest rates like 0.1 %.
Do not leave open position overnight.
Cover your trade with stops.
Predetermine your sell limit and stick to it.Don’t be greedy!
Scary stuff!Good luck.
Commission costs are the least of your worries. You need to know what you are doing or you’ll be eaten alive.
Yes, anyone can day trade nasdaq. Watch this guys free videos, you can see him daytrading the nasdaq live:
http://www.daytradingfreedom.com/videos
He makes it seem easy, but I suspect it’s probably not!
Good luck,
SJ