Personal Finance & Investing : How to Become a Day Trader

Becoming a day trader involves setting aside money to invest, and sitting down with other traders to learn the craft. Become a day trader, but only invest with money that one is prepared to lose, with tips from a futures and options floor trader in this free video on personal finance.

Expert: Mark Griffith
Bio: Mark Griffith has graduated in economics and philosophy at Clare College, Cambridge. He has been a futures and options floor trader at LIFFE (London International Financial Futures Exchange).
Filmmaker: Paul Volniansky

Duration : 0:2:52


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25 Responses to “Personal Finance & Investing : How to Become a Day Trader”

  1. fuck day trading. …
    day trading. makes real investing look cheap.

  2. i can see how …
    i can see how easily one will be eaten up in day trading

  3. day trading does …
    day trading does not work…….get this idea out of your head….your just wasting time

  4. lawrencelugar7777 on March 9th, 2010 at 10:43 am

    key phrase here: ‘ …
    key phrase here: ‘good luck’

  5. matschbirne111 on March 9th, 2010 at 10:43 am

    well, the problem …
    well, the problem with daytrading is: your winning is always the loss of somebody else. it’s like playing poker. there is no money to be “created” at this business, and the sooner or later oyu are the one to loose money.
    just with poker.

  6. OilTradingAcademy on March 9th, 2010 at 10:43 am

    @AirelonTrading, …
    @AirelonTrading, yeah I’m a scam artist, that’s why I have so many clients signed up at over 100 per month, because they love being scammed by me, they love it so much they pay me every month so that I can scam them, I mean hey, this is the best business there is, you can scam people like crazy and they just keep paying you month after month. And people like you come around and are jealous as can possibly be, but don’t worry cause I’m used to it.

  7. By trading paper, …
    By trading paper, it is a good idea to get play money and use only the amount you actually have in your bank account (can afford to lose.)

    If you lose it then quit. If you are winning then sustain it for 6 months minimum before using real money. If you don’t have the discipline to do it for 6 months then you have no business day trading.

    If you don’t make enough to offset taxes then go another 6 months. Don’t cut it short. Take the time to learn the craft first.

  8. AirelonTrading on March 9th, 2010 at 10:43 am

    Maybe because …
    Maybe because you’re a delusional scam artist?

  9. AirelonTrading on March 9th, 2010 at 10:43 am

    It’s not.
    It’s not.

  10. OilTradingAcademy on March 9th, 2010 at 10:43 am

    Why not take life …
    Why not take life by the reins and make money everyday from the comfort of your own home trading oil with me, watching my trades in real-time, and being able to profit from them. Take a look at my website within my profile or Google “Oil Trading Academy” and let me show you what I can do for you.

    David

  11. currency trading? …
    currency trading? how did you start? what courses or books did you read? send me a message nobody can give me a straight answer

  12. DaytradeMillionaire on March 9th, 2010 at 10:43 am

    Nice Post mate :)
    Nice Post mate :) Check out my channel, Ill try to become Millionaire in one year by Daytading and post dayly updates.

    Regards,
    Daytrademillionaire

  13. clockworkorange1986 on March 9th, 2010 at 10:43 am

    can you tell me …
    can you tell me where you learned all this? any books you can recommend? I want to get into this.

  14. what? a degree? man …
    what? a degree? man you don’t need no degree, I left high school when i was 16, not that i was failing i just hated school. Tradings not that hard, just requires discipline.

  15. davidlikehockey on March 9th, 2010 at 10:43 am

    Well, it all pays …
    Well, it all pays off at the end:).
    I just don’t understand why a degree in Math or MBA is needed to become a Trader.

  16. well the 2 guys i …
    well the 2 guys i know have been trading 7 years other guys been trading 5 years

  17. davidlikehockey on March 9th, 2010 at 10:43 am

    $10,000 a day? how …
    $10,000 a day? how many years experience do I need to make that much?

  18. like i think on …
    like i think on average like $200usd/day so like $73k i guess, still a relatively new trader so in comparison to other traders i trade with, not much, a few i trade with make $2k/day minimum, to about $10k/day, just depends on how big your account is, the idea is to build up your account.

  19. davidlikehockey on March 9th, 2010 at 10:43 am

    I know it’s rude to …
    I know it’s rude to ask, but how much do you make on average a year?

  20. on if your a good …
    on if your a good trader that is. I personally trade forex (as a day trader), never traded stocks b4 but I love trading forex its the best job ever.

  21. imortaldraco2002 on March 9th, 2010 at 10:43 am

    very helpful i am …
    very helpful i am just starting out and this video help me get a better mind set that i should be in thank you.

  22. davidlikehockey on March 9th, 2010 at 10:43 am

    Traders make A LOT …
    Traders make A LOT of money, way more than medical doctors.

  23. The sad thing is, …
    The sad thing is, most newbies will ignore this advice. The mythical 95%, I expect. ;)

  24. it is good to know …
    it is good to know that ” Don’t expect to get rich quickly.”

  25. stevenperry209 on March 9th, 2010 at 10:43 am

    thanks
    thanks

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