How You Can Make Ten Times Your Salary- With Day Trading
Day trading no, its not something that Bill Murray wished he had in Groundhog Day. Its a style of trading on the foreign currency exchange market in which a trader completes all his trades within a single day. In other words, he may make a few dozen or more trades in a day with the objective of buying and selling quickly and making a profit from the fluctuations in a currency exchange rate over the course of the day.
Sound complicated? Depending on the method or system that you use to pick your trades it can be. The idea behind day trading is that currency exchange rates are subject to fluctuations over the course of the day they go up and down depending on whos buying, whos selling and what rumors are floating around. In fact, day trading in the foreign currency market is probably the single segment of any type of stocks, currency or futures trading market most affected by rumors and real-time, real-world happenings. A savvy trader who is quick on his feet can roll up the profits by paying attention to what the current news is doing to the currency exchange rates.
The currency market, commonly...
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