If you want to day-trade, you have to start looking at charts. Check couple of charting companies preferably those that offer free trial and switch them - close service at the end of free trial (example: http://www.v-charts.com/) - it will give you some time. Do not jump into trading platforms right away as they could be expensive. The answer on a strategy could be quite wide and may depend on what you want to day-trade - stocks, options, futures and etc. You need to define a direction you want to go and then work on studding and developing a strategy.
P.S. be careful as there are number of online companies offering "profitable day strategies" which in many cases fail with time. learn and build your own strategy - at the end it is your money going to be on the table.
Despite the advts, tall claims, etc. it is extremely difficult to make money in day trading post costs. Try to do a bit longer term trading if at all. Study charts and economic data.
Subscribe to TradeStation or one of the other platforms. There are lots of published strategies for subscribers, and many more that you can buy. Be sure to buy the biggest network pipe possible as close to the exchange as possible, because you are now competing against the other twitch traders to see who can shave nanoseconds from each transaction.
Andy,whatever strategy you want to engage,you must appreciate the place of price support and resistance in the market.They are the focal points where price negotiations take place at any time at every level.
Take your time to master money management well and then Plan your trade and trade your plan according to the momentum around the supports and resistance.You may learn more about trading strategy here:
www.systematictradng.blogspot.com
I wish you all the best.
Regards
Oyewole Olatunbosun
Buy low....Sell high.
Unless you are shorting....
Then....
Sell high......buy low.....
Here is the strategy. Buy low and sell really really high. This is the reason people do cocaine.
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