How to Train for Investing & Day Trading
- 1). Learn the industry and its rules, and how the market works. Learning how day trading is done and how people can make money investing are essential. Start with the basics and study the rules, costs and models investors use. Drill the theory into your head.
- 2). Take a course on day trading and/or investing. These courses will reinforce the theory you've learned and also let investors ask questions. Many courses offer software training programs and modeling programs that can help you understand the specifics.
- 3). Keep up with the news. Read business newspapers, financial journals and economic reports to keep on top of what is happening with the markets and economy. Information is indeed power and the more you knows about what's happening, the more profits you can make.
- 4). Open investing and day-trader accounts with financial institutions.
- 5). Practice investing. Before making any real trades, make pretend investments to get some experience with how trading works. Do not learn with real money. Once you have a good handle on how the process works, deposit some money into your account and start trading. Keep in mind that transfer fees can severely limit profits.