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The promise of getting rich quickly -this is what lures most people to Day trade. To an average person’s perspective, the very purpose of day trading is to quickly get out of the chains of poverty. But in the eyes of professionals of this industry, they beg to differ.
Day Trading is a lifestyle not a profession -this is the conclusion of master trader Marcello Arrambide. He’s a well-respected e-mini S&P 500 trader, world traveler and founder of the Day Trading Academy. Other renowned personas of this industry also share the same vision and advices aspiring traders to “not think of it as a get-rich-quick vehicle.”
As to why they emphasizes this is because many souls have failed due to this kind of thinking.
Online trading platforms are readily provided by online brokers. There are two types of online platform: Web-based and downloadable. So which one’s the best choice?
The advantage of web-based platforms is that it doesn’t require any download whatsoever. Which means you can access the platform in any device (it can run on mobile devices for example) and execute trades whenever wherever. What’s the drawback? Most web-based platforms are laggy (which is a big minus and you know why). The Day Trading Academy doesn’t have qualms from using web-based as long as it is “platform-independent.”
Download-able platforms’ advantage is that it’s not laggy and that’s it.
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