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If you are just starting out as a day trader, then you are just beginning to learn your craft. However, you probably want to give your friends the impression that you are a pro, so here are some day trading facts you can use to make them think you have been trading for years.
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5 Facts You Didn’t Know About Day Trading
trader
If you want to give your friends the
impression that you are a day trading
pro, here are some facts you can use
to make them think you have been
day trading for years.
You Can Day Trade Currencies -
Although everybody associates day
trading with the stock market, you can
also day trade in the currency markets.
In fact, it’s easier in some ways. You do
not need a minimum of $25,000 in equity in
your account to day trade currencies. You
can get up to 50:1 leverage in the United
States.
The Halloween Effect - Historically, markets
start to perform better once Halloween
comes around, and that strong performance
typically carries on until the beginning of May.
On the other hand, stocks often do quite
poorly in late spring and throughout the
summer months.
This won’t just impress your friends – it’s actually a good thing to remember when you
are developing your day trading strategy.
Mr. Dow and Mr. Jones - Charles Dow and Edward Jones started the company all the way back in November 1882 in a cellar under a candy store in New York. By late 1883, the company had started publishing a roundup of the day’s financial headlines called the Customers’ Afternoon Newsletter. Soon, the newsletter had over 1000 subscribers, and included the Dow Jones stock average, which included nine railroad companies, one steamship company, and Western Union. The rest is history.
Want to learn more about day trading? Contact us today to speak with a friendly NONKO representative!
www.nonkotrading.com