Day Trading Stocks for Beginners (Part 3) Basics of Technical Analysis

Day Trading Basics, Day Trading Stocks for Beginners (Part 3) Basics of Technical Analysis – Good Stocks For Intraday Trading.

This is the 3rd video in my “Day Trading Stocks for Beginners” series! The goal of this series is to start from the very basics of day trading stocks and gradually get more advanced. Even if you have no prior knowledge of trading or the stock market, you should be able to follow along and start your trading off on the right foot by the end of this series!

Here In part 3, you’ll learn about some of the basics of technical analysis like candlesticks, support, resistance, and how you can use all of these to help predict future moves in the market.

Watch the other parts of this series:
PART 1: https://youtu.be/dOr0iRoiucA
PART 2: https://youtu.be/LQPU0m3w0_k
PART 4: https://youtu.be/GLG8OPk0xAM
PART 5: https://youtu.be/r02QFroXkr8
PART 6: https://youtu.be/G4t9YoWaLZU
PART 7: https://youtu.be/adn2Hm4x3hQ

📈MASTER THE MARKET: https://masterthemarket.teachable.com/

🔹Get a FREE Stock: https://bit.ly/2qcCVRP (Robinhood)
🔹Another FREE Stock: https://bit.ly/2P443ei (WeBull)

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If you have any requests for future videos related to day trading, penny stocks, swing trading, the stock market, chart patterns, technical analysis, short selling, stock trading strategies, crypto, bitcoin, Tradenet, TD Ameritrade, ETrade, Robinhood, etc… comment below!

DISCLAIMER: These videos are not to be used as investment advice. Any security mentioned is to be used strictly for educational purposes, not as a buy/sell recommendation!

📩Email: 10percenttrader@gmail.com

#DayTrading #TechnicalAnalysis #MasterTheMarket

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Day Trading For Dummies Review Day Trading Stocks for Beginners (Part 3) Basics of Technical Analysis.

Search Interesting Posts Related to Is Day Trading Worth It.

Pros as well as Cons of Day Trading

The most significant benefit of day trading is that placements are not impacted by the possibility of negative over night news that has the possible to affect the rate of securities materially. Such news consists of crucial financial and also earnings records, in addition to broker upgrades and also downgrades that take place either prior to the marketplace opens up or after the marketplace closes.

Trading on an intraday basis offers several other vital benefits. One benefit is the capability to make use of limited stop-loss orders the act of elevating a stop rate to minimize losses from a lengthy position. Another consists of the raised accessibility to margin and also hence, better take advantage of. Day trading also provides investors with more discovering possibilities.

However, with every silver lining, there are also storm clouds. Disadvantages of day trading consist of inadequate time for a setting to see increases in earnings, in some cases any profit at all, as well as enhanced commission costs because of trading extra frequently which gnaws at the revenue margins a trader can anticipate.

Forex Day Trading Advantages

• Settings are usually closed at the end of every day and also are so untouched by danger from over night news or off-hours broker moves.
• Limited stop-loss orders can safeguard placements from extreme motions.
• Routine investors have accessibility to boosted utilize and also reduced commissions.
• Various trades boost the hands-on understanding experience.

Forex Day Trading Downsides

• Frequent professions do imply multiple commission expenses.
• Some possessions are out-of-bounds, like mutual funds.
• There might not be sufficient time for a placement to understand a profit before it needs to be closed out.
• Losses can mount promptly, especially if the margin is made use of to finance purchases. Margin phone calls are a real risk.