A trader is the one who buys and sells securities and stocks not for his or her clients but for his or her personal account. A trader must have the knowledge with regards to paper trading and management of risk. They keep themselves updated by reading stock exchange periodicals from time to time. And as they regularly read, understanding the important and relevant information must be taken into account. Day traders are classified into two. One is the scalper and the other is the momentum. Scalper traders buys and sells stocks in just minutes. While momentum traders on the other hand, buy stocks that are fluctuating from time to time. However, with stock broker technology, a day trader's utmost aim is buying stocks and sell them to their highest value. It should be kept in mind that a day trader's world is full of risk that is unpredictable swings and fluctuations in the market always takes place. We can say that it will depend on luck but being quick and alert also is a great help. In addition to that, the day trader's, knowledge on trading and skills on risk management helps him or her succeed. As one enters trading stocks as career, one has to expect and be prepared on the level of unpredictability of the fluctuations in the market. Long trade is a kind of trading where you buy stocks at a low price then selling it in its high rate later on. Short trade on the other hand is the opposite of long trade in which it sells stocks on a high value in response to its anticipation of compensating it as stock prices fall. What are the Different Characteristics that a day trader must possess? 1. Just believe and don't mind rumors 2. Must have and develop their ability in analyzation 3. Must be persistent despite the fluctuation trend in the market 4. Must be mathematical 5. Must always be updated on the regulations of the trade. 6. Must not be affected to the shifts of financial indicators. Everybody can become a day trader by just opening a trading account on any brokerage company, banks or in stock exchange as long as they are in trading stocks. However you still need to comply to formal and commercial requirements in trading. Learn more about these requirements when you visit the site at http://www.tradingcomputerstech.com. You can be a day trader in any of this categories: Commodities Bonds, Securities and stocks Foreign exchange currency Being cautious in every decision you make will help you in your trading career. Just learn on how to deal with fluctuation quickly. This career is really profitable but to be a trader, a good and experienced trader is not an overnight process, you need to work for it and delve deeper. Should you want to read further, continue reading at http://videos.huffingtonpost.com/new-york/day-trading-expert-elder-leadership-is-shrinking-518550004.
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