I can’t help but feel that most newbies who are curious about forex day trading are completely intimidated with the idea. I think it goes without saying that anybody who enters forex trading, dreams of making a living at home, but the process of day trading can be extremely daunting. I’m here to say “relax”. You probably have this misconception that you have to be an “expert” to make a living doing this. That is simply just not the case.

It’s not about really about being a genius. There are 95% of traders who are losing money right now. I guarantee you that there are plenty who have had more education than you or I. If you were to actually meet some of the 5% of trader who are making money, you’ll soon realize that you don’t have to be a brainiac to make a living doing this. Read more »

Trading the financial markets has become extremely rewarding, for those investors that have mastered the intricacies of intra-day and other short-term trading techniques. Day-traders focus on rapid or short-term day-to-day methods to potentially profit from market movements. The markets traded are usually highly liquid index futures, currencies or stocks. Traders use either intra-day strategies designed to generate buy and sell signals within the same trading session, or short-term strategies designed to be open for a period of up to three days.

If you wish to day-trade then you must develop a strategy, for trading volatile markets that has historically demonstrated the required intra-day or short-term price ranges needed for success. The results from your testing should provide a reasonable expectation of profitability from your chosen market. The best financial markets to trade, in my opinion, are index futures or index forward contracts, which are tradable financial instruments that mimic the movements of stock market indexes such as the Australian S&P/ASX 200 Index Read more »