The Big Bad D - Day Trade

By John H. Anderson

The day trade that exists in the market is the one thing that most traders should have avoided and must avoid at all costs. I know I sound like a tired old man when it comes to this, but I really do not see the advantage of trading in the day trade market. I have received countless emails asking me why I am so against the day trade market and this is because it does not make any financial sense.

You need the stamina of a financial horse to be able to get into the game on a daily basis and make sure that you get the pips necessary to make your day at the market profitable. But the thing is, not everyone can do this, and in my books, 99% of the traders in the world cannot do this. Those who are doing this, and those who I know personally have plethora of computing power, systems up the wazoo and enough white hair to make a wheat field.

You have to know the market so well, your technical analysis must be so spot on, that you cannot almost go wrong in your trading. And these people make mistakes all the time, although they can keep it down to a minimal 2 - 4 a week. Can you do this? I would tell you now. No. And I am not saying that there is probably people out there that can day trade if they wanted to, but if they are those type of people, they should be joining a bank right now and make some serious money as an advice trader.

The other set of people that actually go about in the day trade are massive companies that have access to billions of dollars, and because of this, they are able to make their day on the market profitable. They also have an army of market analysts and traders to help to make positions and win trades. The ratio of the people that have actually succeeded as beginners on the day trading market is, in my memory and experience, is about less than 1%. So, if you are new in the Forex market, trading stocks and futures, all you need to do is to do everything but day trade.

The good thing is that most people out there realise the power of the market already, and they do not need to go to super advanced methods of trading like this. Look at the market and see it for yourself. Look at the day trade statistics, you can see that there is really a question of one sided profit taking in a market that is designed to buy and sell and keep itself profitable. So, when you trade, trade smart. That is the advice that I give most people all over the world when people asking me about trading and the various trading platforms that are out there. So, good luck in your trading and remember, always trade with patience and some knowledge.