If you are trying to find the easiest, fastest and most effective ways on how to day trade, then you ought to address these issues first.
Day trading is a relatively broad term that encompasses almost all forms of financial instruments, excluding the exchange of mutual funds. Unless you are willing to research and study all aspects of this financial market, you may want to limit yourself to one or two areas only. One area will suffice especially if you consider time to be of essence. Since day trading covers commodities, equity index futures, foreign exchange or Forex, interest rate futures, stocks, and stock options (to name a few), it would be wise to initially focus on one subject alone. After all, a more specific knowledge will allow you to learn how to day trade in the quickest time possible.
As such, stock options and Forex trading are the two markets that are most prevalent now in most online trading venues. However, if you are thinking about setting up shop as a stock options trader, you still have to know the Forex trading arena first and foremost. Even the most seasoned traders and the best professional brokers are somewhat hesitant to approach the stock options market simply because of the high risk involved; and that high risk eventually translates to providing security or protection money that can easily amount to tens of thousands of dollars even before any transaction can be continued. At the same time, the trader dealing with stock options has to likewise deal…