you should know that unless you have around $25K worth of securities in any one account you will only be allowed to make around 5 trades per month. You should also know that you will be taxed at a 35% rate on any gains from the sale of securities that you have held for less than one year; regardless of your tax bracket. Then factor in the $6-$10 broker fee on every trade. So you will need to keep track of all your trades, and the gains and losses throughout the year and then net everything out at year end so you can pay uncle Sam his 35%. Unless your broker does that for you that sounds like a headache. You will probably need to set up a premium account for your broker or their software to keep track for you. Further, Unless you are trading with a lot of money you would probably be better off making a few value plays and holding them for a year or two. If you do that then you will only need to pay a one time broker fee and a Long Term Capital Gains tax rate when you do sell. That may or may not give you a bigger return. Again, not sure how much you are planning on putting into the market or in your day trade/mad money account. If you are a whale and a market mover then those trading fees and short term capital gains rates will not really matter as you will be moving millions of dollars worth of stock on every trade. If you are not you should also know that people who are whales and into day trading will sell once they see a bunch of small timers jumping on the band wagon. Day trading is like a pyramid scheme. Unless you are at the top or have insider info (which would make your trade illegal) you will lose more than you win. If trading is what you want to do for a living then look into starting an LLC to manage an investment fund. Then you can trade with other people's money who are too busy to do the research themselves and pay yourself a fee and percentage based on performance. You can also trade on margin and not be personally liable if you lose the brokers money.
You can make too much money with Binary Options and you have to ways for that: learning to do very well or as you can see clicking the link below: ( http://forexsignal.kyma.info ) The most important thing is that if you have the right programs and you study the right stuff you WILL success in this buisness! This course explain everything you need to start a very profitable trading activity.
If you want to earn money with binary trading and you aren't a big expert you definitely need some kind of support. I use a software called "autobinary signals" and I earning good money with it. Here you can find all the details and also some video proofs: http://tradingsignal.toptips.org
I'm making big money with binary option, I use this software ( http://forexsignal.kyma.info ) My software delivers signals only when the five indicators (bp trend filter, market deviation, price pattern, rel. price impulse, stat. price range) are aligned together and we have an extremely high confidence rate, it must then co-exist with my proven secret strategy before a trade be detected… as a result, we get a guaranteed Highly-Accurate ’80-100%’ Signal.
You should "know" that 85% of new traders fail. Not very good odds for the average person. Trying to learn trading on your own without a mentor in an unstructured environment and having the right amount of capital is almost impossible for the average person, and would probably take a decade or more without help. It usually takes several years of study, testing, learning, development and investing all your resources and time before you can even find out. There are lots of easier ways to make money, primarily by concentrating on your education and getting a degree. Take a free aptitude test at any college to find out which vocation would serve you best.
From one mentor:
Most traders we speak with have learning curves that have cost them between $15,000 and $70,000 and up to two years in time.
Read the book by Justin Mamis, The Nature of Risk: Stock Market Survival and the Meaning of Life. I believe this book to be foundational to new traders because it discusses, what else?, the nature of risk in the market.
If you read the book, Stock Market Wizards, about the greatest traders of our time, you'll find that almost every one of them lost it all before figuring it out. Several of them lost it all several times.
Before you trade, develop a trading plan. That will give you the setup, trigger, stop, profit target, risk, and risk/reward ratio. If you don't have a plan or can't trade the plan, you got nothing. Test your plan on a simulator for several months before risking a dime. If you don't make simulator money, revise the plan.
Better to learn investing first. Read a good book or three, like Investing For Dummies, and the Millionaire Next Door, available at your local library for free. Once you've learned something first and become consistent, then you might still want to look at trading again.
Getting Started In Stocks
http://www.investopedia.com/articles/bas...
Five Minute Investing: How To Evaluate A Trading Strategy
http://www.investopedia.com/university/f...
The Cardinal Sin Of Beginning Investing -- And How To Avoid It
http://www.investopedia.com/stock-analys...
http://www.investopedia.com/university/b...
http://yourportfolio101.com/index.html/l...
http://www.howthemarketworks.com./
http://beginnersinvest.about.com/od/inve...
http://www.fool.com/School.htm
http://beginnersinvest.about.com/
http://www.ehow.com/topic_558_investing-...
You should learn not to do it.
Get rich quick ideas don't work.
If it sounds too good to be true it probably is.
Go get some books on real investing - Consider books by Jim Cramer (Mad Money) or the Motley Fool brothers. Try watching TV shows like Nightly Business Report on PBS or Mad Money or Fast Money both on CNBC.
Invest in long term, look at ALU on year performance with +205% return in 1 year, MU with +119% year gain,
in accordance with this forecast published on March 29th, 2013: http://bit.ly/1g6T3WQ
How to earn lots of money to cover your losses.
Most day traders lose money, don't gamble with money you can't afford to lose.
What should I learn before I day trade ?
