Portrait of a day trader – BNN News

English: A Forex trader executing an orderPractice makes perfect. And that’s especially true for potential day traders, says the author of Day Trading for Canadians For Dummies.

Toronto-based writer and blogger Bryan Borzykowski tells BNN that prospective day traders need to fully understand what trading is — it’s a lot different from investing. He advises using practice accounts that trading sites and banks offer.

“This is a mistake that a lot of traders make where they don’t practice. They think they can go right into it on day one and make money. That’s not how it works.” Borzykowski recommends spending a month practicing before diving into day trading. “Practice, because you need to get your skills to a level where you will make money.”

via Portrait of a day trader – BNN News.

Strange Random Day Trading Quote:

“The market can remain irrational longer than you can remain solvent” – John Maynard Keynes

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Posted on February 26, 2012, in Article and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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