0
Day traders attempt to make a living by buying and selling stock. The name day trader arose since stock positions are usually closed out by the end of the day. The first thing an aspiring day trader needs is money to buy and sell stocks. Other logistical requirements include having an account with a stock broker, a fast internet connection, an understanding of stock trading and technical analysis, and access to real time stock quotes.
Wiki User
∙ 9y ago
Add your answer:
Earn +20 pts
Can I learn how to become a day trader?
You do not need any special degrees to become a day trader. You do, however, need to do a lot of trend research.
Do you need a degree to become a commodity trader?
no
What qualifications do I need to become a commodities trader?
If you want to become commodity trader and trade for yourself then you do not need any qualifications, by law. To become successful commodity trader you need much more than educational qualifications. Strong financial backing, complete knowledge of market and risk taking capacity are very necessary.
What college do need to go to in order to become an archeologist?
what college do need to go to in order to become an archeolgistwhat college do need to go to in order to become an archeolgist
What do you need to become an forex trader?
You need to have a good understanding of the currency markets especially the majors, USD, JPY, EUR. You need to learn what technical analysis is and how to read the charts.
What credentials do I need to have to pursue a career in Forex Trading in NYC?
You don't need a specific degree to become a Forex trader, although some business training would probably be helpful. Go to http://www.ehow.com/how_4421285_become-forex-trader.html for a comprehensive guide on becoming a Forex trader.
How much schooling doing you need to become a doctor?
if you are in college, you need about 8yrs in order to become one.
How old you need to be in order to become a pilot?
You need to be 18 or older.
What is the role of a sole trader in the Kenyan economy?
A sole trader supplies clients with products they need at a convenient level. The trader is the link between wholesalers and customers.
What kind of investment do you need to become a Forex trader?
To become a forex trader you need to pass the proper testing required before trading, often forex traders work for companies that outsource. The level of investment depends on they type of trading you are interested in, if working for a company you will once passing the testing will be allowed to trade under the company but even then you may need to have the funds available by some type of bond to cover any losses incured at your hand.
Can a catholic deacon become a cardinal?
No, in order to become a Cardinal you need to be priest or bishop
What major do you need to become a hospital nurse?
Nursing you need to major in nursing in order to become a nurse and work at a hospital.
