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Essay On Day Trading

1047 Words5 Pages

Day trading today is so different then what it turned out back when I first commenced trading in 1989. In days gone by, most trading was done in what's called a Trading Pit, exactly where securities and commodities were purchased and sold via "open outcry". Like within the movie "Trading Places" with Eddie Murphy in addition to Dan Aykroyd, where you see these people in different colored outdoor jackets shouting and waving their hands (called Floor Traders), surrounded by means of electronic price displays and news monitors. When you wanted to make a trade, whether it be for a day trade or longer, you should pick up your telephone in addition to call your broker, who would take your order in the phone and then, after confirming the order …show more content…

A lot can happen within the time it takes for orders to arrive at the Pit and get back to you as a fill. With all the improvement in communication technology since the 20th Century was coming to a close, Electronic Trading (aka eTrading) became more widespread and accessible to the each day trader. With just a click of this computer mouse, buy and sell orders could possibly be placed instantaneously. If your price is met, you could be filled previous to your hand even moved from your mouse. Electronic Trading is arguably accountable for the major reduction in trading costs (commissions) seen in recent times, as well as the increase in Day trading activity. Not only can Day Traders make quick trades, but their cost per trade can also be much lower than years previous to. Today, anyone with a small amount of disposable funds (never use money you have to live on) can get setup you need to Day Trading. So how much money is needed to get started in Day Investing? This is one of probably the most asked question by individuals considering getting into trading. It is also the most difficult questions to provide a monochrome answer

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