I created Day Trading Tutor over 12 years ago to help people fully understand what day trading is all about.
Even though you will soon be jumping into a vast sea of financial information, I have simplified it for you.
Just choose your journey below:
The Short Journey (you lazy you!): Practice on a free live simulator (see form on right) and receive an e-book with a complete trading strategy (you can also receive this e-book by taking the long journey), as well as access to other useful trading tools and weekly webinars I like.
The Long Journey (please pick this one; pretty please!): Start by reading the 7 steps to start day trading and the sections on trading currencies. You’ll also receive access to the e-book, trading tools and live weekly webinars.
A trader needs to have access to an arsenal of useful tools at at all times. When you request the live simulator (the short form on the right) or set up a real account, you’ll get free access to the trading tools highlighted in this main section.
In the last few years many stock day traders have migrated from the well-known world of equities to the relatively unknown (but much larger) world of currencies. Currency trading (a.k.a. “forex trading”), in my opinion, is more advantageous than trading stocks and investors can start out with a lot less money.
After reading through this site and practicing on the simulator or on a real account, some of you will conclude that trading is not your thing. If this is the case, the trading robot is another option you may consider. The forex robot is like a day trader on auto pilot; an automated trading system that operates while the market is open.
A Note on Day Trading
Please note that “day trading” means starting and ending the trading day with your account 100% in cash. This means not holding a position (long or short) until the next day. I explain why you shouldn’t in Step 1 (important day trading facts) of the “7 Steps to Start Day Trading. The only exception to this rule is if you are trading a market like forex, where you might hold a position longer than a day because of the extended market hours.