Basics

       Basic information about the stock exchange

       What is Daytrading?

       The difference between trading and investing

       What does a daytrader do?

       Daytrading Strategies

       What is traded?

       Day trading in real time

       What is a broker?

       Strategies that really work

       Scalping

       Momentum Trading

       Contra-trend trading

       Pivot point trading

       Automated trading

       Trading Strategies For Beginners

       What else needs to be considered?

       Why is day trading so hard?

       Chart Patterns and Indicators

       What Beginners Have to Do Now

       Successful Trading

       A high-risk job

       Daytrader as a profession?

       Typical beginner mistakes

       Step by step to a successful trading strategy

       The Simple Rules

       An art with clear rules

       The Trading Plan

       Trading is Business

       What does success in trading really mean?

       What is Postion Sizing?

       How often should you trade?

       Daytrading Advantages and Disadvantages at a Glance

       Advantages

       Drawbacks

       Who is suitable as a day trader?

       Money Management

       Daytrading Psychology

       Important Technical Terms

       Closing Remarks

Opening Remarks

      You want to know what daytrading is? Have you always been interested in this impressive world of the stock market? Then you should definitely read this guide. Day trading refers to short-term trading on the stock exchange. In this process, traders try to exploit the fluctuation margins of stock market prices. Many people think that as a day trader you are a gambler. They compare trading with betting and see the stock market as a kind of casino. However, this is a very big misbelief, because there is more to trading on the stock exchange than just gambling. Day traders are always on the lookout for profitable price fluctuations and try to profit from them. It is true that there is a lot of speculation about stocks, currencies or futures, but there is a lot of work behind these speculations.

      As a day trader, you must be prepared to trade and trade every day in order to make a profit at the end of a week. For beginners, professional day trading is an elaborate procedure. A trading plan has to be created, a trading strategy has to be worked out and a lot of discipline has to be shown. Without patience and discipline you can achieve very little in this business. A day trader, unlike a normal trader, trades in a very short time. They open positions and a few minutes or hours later they close these positions again. Sometimes it may even take a few seconds.

      Sounds like an exciting business? It is! Price developments play the most important role in day trading. However, these price developments can also be very susceptible. If, for example, negative news is published, this can have a strong influence on price developments. You already notice that as a day trader you are exposed to a very high risk of loss. For this reason, you are probably wondering whether day trading is a real profession at all.

      Just in advance: It can be regarded as a real profession! But why is neither training nor study necessary for day trading? Why does the profession of a day trader expect