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	<title>forex day trading &#8211; Best Day Trading</title>
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		<title>Best Day Trading Resources</title>
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		<pubDate>Fri, 04 Mar 2011 22:05:45 +0000</pubDate>
		<dc:creator><![CDATA[Bary]]></dc:creator>
				<category><![CDATA[best day trading]]></category>
		<category><![CDATA[day trading]]></category>
		<category><![CDATA[forex day trading]]></category>
		<category><![CDATA[emini trading]]></category>
		<category><![CDATA[forex training]]></category>
		<category><![CDATA[stock market trading]]></category>

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		<description><![CDATA[BEST DAY TRADING RESOURCES Welcome to my blog about the best day trading videos, articles, indicators and courses that I&#8217;ve found for the stock market, futures and Forex. I&#8217;ve been around the day trading world for many, many years. In &#8230; <a href="https://www.bestdaytrading.net/best-day-trading-resources/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
				<content:encoded><![CDATA[<h1>BEST DAY TRADING RESOURCES</h1>
<p>Welcome to my blog about the <strong>best day trading</strong> videos, articles, indicators and courses that I&#8217;ve found for the stock market, futures and Forex.</p>
<p>I&#8217;ve been around the day trading world for many, many years. In fact my dad was a trader so I&#8217;ve actually been around it all my life &#8230; though I didn&#8217;t develop a strong interest in the stock, futures and Forex markets until about 10 years ago. Or has it been longer? Time flies when you&#8217;re having fun!</p>
<p>And I have been having fun with &#8220;day trading.&#8221; It&#8217;s one of those things that I&#8217;d do even if there were no money in it. Becoming a day trader is one of the best decisions I&#8217;ve made. And after all, isn&#8217;t that the ideal? To have a &#8220;job&#8221; (if you can call it that) you love so much that you&#8217;d do it even if you weren&#8217;t paid?</p>
<p>That&#8217;s one of the biggest problems I witness with a lot of new day traders &#8211; they pursue it only for the money. For them it&#8217;s just a get-rich-quick-scheme.</p>
<p>Let me be perfectly up-front and honest about this right now:</p>
<blockquote><p>Day trading is NOT a way to make a quick buck!</p></blockquote>
<p>Day trading is a career choice, and a tough one at that. The fact is that most people LOSE MONEY at day trading. Can I be any more clear than that?</p>
<p>It takes time and devotion, study and effort, and after all that, it will take plenty of &#8220;screen time&#8221; (time in front of the monitor practicing what you&#8217;ve learned) before you become profitable. In mastering any day trading strategy, there&#8217;s simply no substitute for experience.</p>
<p>One of my colleagues once said that the worst thing that can happen to a new trader is that he/she makes money right away!</p>
<p>Why?</p>
<p>Because it gives them a false sense of success. It causes them to think that trading is easier than it is. The likely reality is that they had simple &#8220;beginners luck.&#8221;</p>
<p>The best thing that can happen to someone new to day trading is that they begin with realistic expectations, and so they start slow, using a trading simulator (not real money), and treat it like they would if they were to begin any new career that requires a lot of education.</p>
<p>Sure, some people are successful for the short term.</p>
<ul>
<li>During the tech boom everyone was a Nasdaq genius!</li>
<li>During the real estate boom everyone was a real estate genius.</li>
</ul>
<p>But those bubbles burst and those &#8220;geniuses&#8221; lost all their money.</p>
<p>The&nbsp; only real test of success is whether you can make money day trading consistently over time and through varying market conditions. Very few are able to stand up to the demanding test of time.</p>
<p>In this blog I&#8217;ll be sharing some things that I hope will help you do just that. So look for more to come, and let&#8217;s make this a two-way communication &#8230;</p>
<p>So please respond with your comments to my posts. I cherish your feedback and your insights.</p>
<p>Enjoy!</p>
<p>P.S. If you came here looking for a list of the best day trading resources I&#8217;ve found, I&#8217;m happy to supply it. Simply click on this link:</p>
<p><a href="http://www.topdogtrading.com/recommended_resources.html" target="_blank"><strong>BEST DAY TRADING RESOURCES</strong></a></p>
<p>&nbsp;</p>
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