Tick-by-tick day trading Simulation Software for currencies, futures and stocks
Download the RapidSP daytrading simulator and explore your chances of succeeding at the super-career as a daytrader. Learn to day trade currencies, futures, and stocks at a speed of your choice. Download years of tick data for many instruments for free, 100+ technical studies, oscillators, line studies & price styles.
Home Free Downloads Contact Us Prices  
 
Daytrading FAQ

How much profit can I make day trading?

How long will it take me to learn how to day trade?

Is my day trading capital guaranteed from loss?

Do you recommend stocks, futures, or currencies?

Should I quit my day job or business to day trade?

Can I day trade if I live outside of the United States?

Do I have to pay taxes in day trading?

I heard that day trading currencies has more tax benefits than day trading stocks. Is this true?

Can I open a trading account from any country?

How long should I do paper trading before day trading with real money?

What is the minimum account you recommend to start day trading?

Should I day trade with all my money?

Can I day trade using an Apple Macintosh?

How much will it cost for me to learn day trading?

Should I trade from home or from a trading room?

What type of computer do I need for day trading?

Is day trading with a laptop better than with a desktop?

Do I need more than one monitor?

Do I need DSL or Cable Modem service?

What is the best day trading strategy?

Where can I open a day trading account?

Can day trading be treated as a career?

Is there a "best time of the day to day trade?"

How much capital do I need to day trade?

Should I paper trade on paper?

What can a day trading software cost me?

Is it a good idea use trading systems or daytrading entry/exit point generated by trading systems/ websites?

I am ready to start day trading. What is the first step I should take?

I have invested in stocks in the past. Will day trading be easier for me to learn?

Should I pay thousands of dollars for a day trading course?

How can I predict what prices are going to do while day trading?

Can I day trade only a few hours a day?

Why all the fuss about having a day trading strategy?

What is the best day trading software?

Is day trading online safe?

Any good day trading books out there?

Do you have any good day trading tips?

What is the best way to learn day trading?

Where can I find any day trading secrets?

Are there day trading techniques that are easy to use and effective?

Is day trading for beginners?

Where can I find a good day trading company?

Should I use news to day trade?
Should I day trade with all my money?  
Previous  Next

Let me answer your question with another question. Should you bet the house on one spin of the roulette table in Vegas? Not a chance! The attractiveness of day trading lures many inexperienced investors that risk too much of what they have in the day trading arena. This is a big mistake. In general, an investor should not day trade with more than 25% of his entire net worth (preferably, not more than 25% of his liquid net worth; stocks, bonds, CD's, bank accounts, cash, etc.). You might ask, "Does that mean that I cannot day trade unless my liquid net worth is $100,000 or more?" The answer is, "Only if you want to day trade stocks." Remember that to day trade stocks you need at least $25,000 in your trading account by law (preferably $30,000 to give you some margin for error). So if we use the 25% limitation figure above, you need to have at least $100,000 to be able to day trade stocks with $25,000. In my opinion, nowadays there are better things to day trade than stocks. "Like what?", you ask. Like currencies (foreign exchange, or forex). Currency daytrading rovides many advantages that you can read about in this website, including being able to use very little money to start out. You can open a mini forex account with as little as $250. This means that pretty much anyone can give day trading a shot without betting the house. Rather than risking the only $25,000 you may have to day trade stocks, you can open a mini account. with a few hundred bucks and begin your day trading career.
Copyright 2007. Brenexa Corp. P.O. Box 6162, CA 95150-6162, U.S.A.