I have been building on the internet for a little while now and I wanted try something new that would keep my attention. Day trading interests me because there is a huge potential to earn. However, I know that it requires skill and I also know, that I know nothing about how to do it. So I leveraged some resources I knew of and opened my mind to the concept of learning more about trading.
I am thinking about having a pretty substantial part of my earnings traded soon, so mostly I just want to learn about if this is a smart idea for me and how it works without having to make an initial investment. After I learn what day trading is all about then I will use a service that I know of to have my money traded.
Contact me for details if you want to fast-track your knowledge on day trading with a program that I know of that has been getting pretty great results. I am going to probably join this program myself I just want to do some knowledge building first. I want to keep a vlog and post updates as I go thru exploring day trading, the different programs I join, and eventually how I have my earnings traded.
I started this process with some, a very small amount, of research and I learned 3 things:
1. I need to choose a market
I chose Forex because of the over low initial capital investment upfront, I think the required balance is $500. Where as trading stock would requires 25k to begin.
2. I need to practice
I will have to trade for a few months in my practice account before attempting to trade live.
I created a practice account with OANDA. At this point I know literally nothing about this practice account or how to use to but I am going to figure it out. I will post a video update soon.
3. I need to choose a broker
Before I can start trading I will have to choose a broker. I am not going to worry about this for now as I just need to stay focused on seeing positive results in my OANDA practice account.
Subscribe to my YouTube channel to get my next update on my progress with my OANDA Demo Account.