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Predrag V

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  1. Hey Marko,thanks for asking! In order to become a day trader in the U.S., you are required to have at least $25,000 in your account and anything below this amount will keep you from day trading. But on the other hand, it is not advisable to have the bare minimum of capital when starting and the recommended amount is about $30,000 as it gives you enough wiggle room, and enables you to endure losses easier than having less than recommended amount. Another requirement that you will need to fulfill in order to be classified as a day trader is to make at least four trades per day and doing this will cause your account balance to be taken into consideration.
  2. Hi Jordan, In order to become a good day trader, you are going to need a lot of patience, education and discipline. As with any other trading technique, you will have to make decisions on which markets you plan to trade, with how much capital and define your risk management strategy. In essence, the process of day trading involves a process of buying and selling securities in a single trading day. This technique can be applied in any market as it's not tied to a particular asset class. As all trades are opened and closed in a single trading session, day traders usually focus on smaller market moves and tend to open a higher number of trades with bigger positions. Due to its design, day traders focus on events or news that move the market on a daily basis. Therefore, scheduled news releases on economic statistics, CPI, GDPs, unemployment rate, etc., have the ability to move the market. Hence, day traders try and anticipate in which market direction will the price action travel and then hoping to capitalize on that anticipation.
  3. Hello Zeynep! Swing trading is a very popular trading technique used to capitalize on swings in the price action. In essence, swing traders seek to make a profit over from ups and downs on a chart. They tend to stay in trades starting from a period of a few days to a maximum of a couple of weeks. Swing traders focus on capturing a piece of a potential trend direction change. This type of investors is therefore focused on selecting the right time frame to capitalize on swings in the price action. Swing traders usually focus their charts on hourly, 4H or daily charts. There's no point in using weekly or monthly charts as that time frame is too long for their appetite. Conversely, the lower time frames are usually used by scalpers. I hope this answer will help you better understand the concept of swing trading!
  4. Is it better to save money or invest in financial markets?
  5. Predrag V

    Bitcoin price

    Where do you see Bitcoin trading in June?
  6. Predrag V

    Texos XTZ

    What is the latest concerning the Tezos platform and its digital coin?
  7. Predrag V

    Telefonica telecom

    Why did shares of Telefonica jump today? Is there any particular reason for it or simply due to technical reasons?
  8. Predrag V

    DAX Index

    Why is DAX pushing higher while other European indices seem to struggle?
  9. Predrag V

    Zilliqa

    Why did the Zilliqa coin explode higher yesterday?
  10. Predrag V

    EUR/USD

    Where do you see EUR/USD trading at the end of this week?
  11. Predrag V

    Markets

    What is the difference between primary and secondary markets?
  12. Predrag V

    Home Depot

    Why did the Home Depot stock hit record highs when almost all stocks trade lower as a result of the COVID-19 pandemic?
  13. Predrag V

    Ripple

    I wanted to invest in XRP but I would like to hear your assessment of this digital coin in the first place. Where do you see XRP trading before the end of this year?
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