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How to become a day trader?


Kian Hughes
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Hi, thank you for your question! 

In order to become a day trader, a person is required to understand the market, conduct technical analysis, and predict price movements. An individual should have access to research, news, and analysis. 

When it comes to the equipment, it is desired that a retail trader should have a high-speed internet connection, with a powerful computer that projects the image on several desktops, in order to provide a clear presentation of all the facts the trader needs.

Then comes the technical part of the trade, requiring to read several indicators. Some of the more common indicators are support and resistance levels, moving average convergence divergence (MACD), volatility, moving averages, price oscillators, Bollinger Bands, Fibonacci retracements/extensions, etc. 
 

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