What was once an activity exclusive to professional financial firms and speculators, day trading is now a past time enjoyed (or loathed as is often the case) by at home traders. But before you think about quitting your day job, consider this. Only 11.5 percent of day traders ever trade profitably, and industry experts believe that 95 percent of day traders fail within the first two years alone.
If those facts do not dissuade you, however, you must invest in technology that can keep you up to speed and in real time with the stock, futures, or foreign exchange markets. As such, the following are a few items you must purchase if you dare embark on the tenuous world of day trading.
1. Buy a Trading Computer
You can not use your household laptop or desktop computer. Instead, invest in a Read More