how to become a day trader

4 Steps of Becoming a Day Trader

Step 1: Learn the basics

Step 2: Join a Trading Community

  • Find someone successful that you can watch trade live
  • Learn from experience traders
  • Find a Chatroom to build a network of traders

Step 3: Practice with a Simulator

  • Sign up for Paper Trading Account
  • Learn about Different types of Orders
  • Practice HotKeys and executing trades
  • Track your wins and losses with a Trading Journal until profitable for 3 months.

Step 4: Trade Live with Real Money

  • Sign up with Broker that meets your needs
  • Start out with size of no bigger than 100 shares
  • Practice Risk Management
  • Continue to Journal your trades.

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