Which Day Trading Market is Best?

[drueeu]

Hi everyone,

As I noted in my introduction, I am unabashed to admit that I am completely new to investing. However, I have become very interested in the subject. In fact, I would like to know more information about day trading and its markets. What's all the hype about, and how does one know which day trading market is the best?

[Airelon]

Well, it's been 12 years and although I have completed a few trades within a day's time period, I still don't think I'm ready for the day-trading arena; or am what the SEC or other traders would term a 'day-trader'. So take the following with that in mind.

Many markets are 'day-traded'. NASDAQ is a current favorite because of the volatility - which is the two-edged sword of day-trading, but what you need in order to do it successfully. Heck, some Futures markets are day-traded. But generally, what people look for who have that sort of skill - (and I think I've known, in 12 years - 5 people who could do it successfully) is a lot of volatility.

I generally recommend to folks that they start off this when, when they are new:

1) Investing: Much different from trading, and a great way to break into the game.

2) Longer term trades: Generally 3 to 6 months in time frame. This is where the person begins trading, not investing - which is much different. Helps develop your sense of timing.

3) Swing trading: Trades lasting 3 to 5 days, which takes much more skill. When I trade, I swing trade.

4) Day trading: The big leagues.

[Stocktrading101]

Here is another source of information regarding day trading, read this post from the blog:

Day Trading Basics and Strategy - Stock Trading To Go

It breaks down day trading and really how serious it is. Lastly, it explains some strategy and what it takes to succeed. A great read all around.