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Showing posts with the label day-trading-for-beginners

SETTING UP YOUR ACCOUNTS AND OFFICE

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SETTING UP YOUR ACCOUNTS AND OFFICE

Day trading is possible only because technology costs have come down dramatically over the years. That makes it feasible to set up shop in the comfort of your home. But remember: This is a home business, so you do need to set up for it.
Sure, some days you can sit and trade from your laptop in a coffee shop, but to end up doing that well, you first need to commit to the space and the equipment at home. If you skimp on your Internet connection, for example, you can’t be upset if it’s unable to handle the data on a big market day. If your PC goes down, you’d better have a way to get it back up fast if you have open positions. And if the responsibility seems overwhelming, maybe you should look for a trading arcade — an office space for traders — and move your operation there.
I list different brokers that handle day traders, go over the basics of your office setup, and give you some advice on finding a trading arcade.
Choosing a Brokerage
If you are going t…