To be a day trader you must first know how to trade and in order to trade you must know how to invest. To day trade you need several years experience as a trader. You must know the products and the markets in which they trade, how security transactions are cleared and more importantly you must know the rules that govern those products and markets. So you must know what you’re doing, why you’re doing it, and how to do it. You should start by reading “Investing for Dummies” by Eric Tyson
Here are some books that will help you with trading
The Disciplined Trader, Mark Douglas
Trader Vic-Methods of a Wall Street Master, Victor Sperandeo
Trader Vic II-Principles of Professional Speculation, Victor Sperandeo
Trading for a Living, by Alexander Elder
Trading in the Zone, Mark Douglas
Day trading on your own account? Recipe for disaster.
Most day traders have better chance of winning the lottery than making a living buying and selling stocks.
If you will investigate it (day trading)
(and not by listening to people that are selling something - books, stock tips, educational courses, newsletters etc - if they can make millions buying and selling stocks, why are they working so hard to make a few more peanuts? Because they want to help mankind?? Yeah, right. Those who can, do. Those who cannot, consult.)
you will find more horror stories than even Stephen King could imagine.
There are different ways to day trade. It was very popular several years ago, but a lot of people got burnt due to inexperience and/or lack of knowledge.
I would recommend starting with a demo account and playing around for a bit. Read books on trading. And try to find a good mentor.
I personally trade the S&P500, EUR/USD and some other markets via financial spread betting, and I provide an impartial guide to spread betting at this website:
http://www.learnaboutwallstreet.com
I also provide a subscription service from the same website, where you can follow my trades and get daily market commentary.
No courses will be able to teach you how to day trade, or even trade in general.
The reason is because there is no one good method that anyone is willing to share. (That is, if there was a systematic way to trade the stock market and win lots of money, chances are, it would be kept top secret by those investors or major brokerages and banks.) If the professors knew how to trade, they wouldn't be teaching in college (unless they're retired, but the college probably wouldn't let them simply teach from personal experience, anyway).
Hence, in my opinion, the best way to learn how to trade is to spend anywhere from months to years (yes, you may need to do so, as mileage can vary per person) just analyzing the stock market, and attempting to find patterns. Create inferences from your findings, and keep testing the probability of success of those inferences.
Alternatively, you could also read various trading books and search online for various trading examples and explanations of the various features and tools available to you. I recommend you Google for Bulkowski's trading website, as he clearly details several hundred patterns in the stock market, and also explains many other things such as approaches and the psychology behind it. I used his website myself for a bit, but stopped doing so once I was able to make my own findings.
You need to spend a lot of time just analyzing the stock market. There's really no instructions. You keep analyzing and making inferences, and checking the probability of success of them. If you can get at least an 80-90% simulated probability of success, you should then attempt to "false trade" using that method. I suggest false trading before really trading. That way, even if you fail, you don't lose anything, and you can attempt to figure out where you went wrong.
Write lots of notes. It's necessary.
You can't succed in binary trading without a strategy, a good method to follow and some kind of software support. They program I use is called "Autobinary signals". It helps finding loopholes for guaranteed returns. It's very easy to use and I'm earning good money. You find all the details on this site: http://tradingsignal.toptips.org
Check with your community colleges. They will offer some investing courses.
