What is day trading?
Day trading means that you’ll buy and sell the stock on the same day. This means that you hold the stock for very little time and need it to move a lot in a short period of time to be profitable. Most day traders trade FOREX, however you can do it on any market. Day Trading got very popular on youtube as many people dream to quit their 9-to-5 job and instead work from their comfort of home. Day trading, as any kind of trading, can be very profitable if you do it right.
How to learn day trading?
There are many ways to learn how to day trade. Such are books, videos, courses, or having a mentor in day trading. The most popular ones are video and courses right now as it allows you to learn day trading with a visual aspect. Most of these videos are on youtube, however, it can be difficult to find the best videos for one as there are many self-proclaimed gurus with supercars that are trying to sell you expensive info-products.
Best Beginner Day Trading Course:
After conducting some research the best day trading course seems to be Ricky Gutierrez’s one. After taking multiple online day trading courses I found his course (Learn Plan Profit) to be the best. Not only is it one of the cheapest ones available but it’s also comprehensive and gives beginner traders a solid understanding of day trading.
Here’s a more comprehensive Learn Plan Profit Review in case you’re interested.
Best Beginner Day Trading Books:
Books are still one of if not the best way to learn in modern times in my opinion. The best day trading beginner book I found myself was from Andrew Aziz, How to Day Trade for a Living: A Beginner’s Guide to Trading Tools and Tactics, Money Management, Discipline and Trading Psychology. He really goes in on the best ways to start and learn it thoroughly.
Both ways, whether you’d like to take an online course or read a book come down to your own investment in time at the end. If you’re not willing to spend the time and practice none of these options will make you a good day trader. You need to spend time these ways only help you a little bit.