Day trading has survived the market because it has proven itself to be lucrative and appealing to people who want to engage in another type of business. Here are some of its benefits:
Income
There is money in trading, this is the very reason why many people quit their jobs and focus their resources on this business. However, not everyone can make money all the time. There are winning streaks and losing streaks in this business and sometimes losing is inevitable. However, we can't discount the fact that there are big time turnovers when all the necessary attributes of day trading are met.
On the average, daily income could go anywhere from $100 to $1000. But those who are more skillful and have a lot more experiences in this business are more likely to have higher income than novices.
It must be noted though that there are several expenses that a trader should attend to like commissions and additional payments for the brokers.
Freedom from office work
This trade gives a person the chance to be free from dull office work, work politics and demanding bosses since a trader works like a freelancer. Plus it also gives the flexibility of time. A day trader could choose the schedule of work. He could choose to start trading at the beginning of the day or during off hours. However, he must also understand that he will answer to all his decisions. If he did not trade today, it means that he has no income. But doing what you want to do in your own time is often a good price to pay.
No Overnight Risk
As compared with trades in the stock market, trading offers no overnight risks which means that there is no likelihood that the events and news which happened overnight will affect your portfolio. It is good to remember that this trade is basically squaring all transactions at the day's end. This means that no one holds any positions after all the trades are closed.
Immediate feedback
It is a fast-paced business- you automatically know whether you earn or lose with your current trade giving you enough time to make up some solutions whenever needed.
Control of decisions
The traders are their own brokers, they decide on when to enter a trade or exit it, they assess the trends, and they make their decisions on whether to buy a trade or sell it. In short, no one tells them what to do and no one comments on whether they have committed a wrong decision or not. This structure is very advantageous for people who prefer working alone and without people to tell them what to do and how to do it.
Miodrag Trajkovic is an expert on information related to Day Trading, Day Trading Mistakes, Day Trading Strategies, Online Day Trading and Day Trading Systems. For more information visit his website http://daytrading.explore-me.com
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