Apart from attaining knowledge, a trader must stay updated with the stock market news,interest rates etc. So you must do proper research and homework to get into day trading.
Yes, it is extremely important for the trader to be acknowledged on the news and other events that may impact prices. Actually, daily trading preparation should include reading financial magazines and newsfeeds. As the result, trader should create a list of most important events that took place before trading session and also a list of upcoming news releases (e.g. statistical data releases or earnings reports). There are two main goals of such preparation: - to avoid market turbulence - huge volatility that makes risk too high, and - to find interesting trading opportunities. Information is very important in trading, giving advantage for those who have it. It is quite easy to get all information that is necessary nowadays since there are a lot of both free and paid advanced newsfeeds with filters allowing to focus on the particular sphere that is the most interesting for the trader.
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
