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Have you ever wanted to become a day trader? Many people have, but many people also share a common fear: the fear that they will fail. What you need to do is grab an artificial intelligence program, and seen enough the trades will seem incredibly easy.

Perhaps you don’t know what a day trader is. Don’t feel bad, many people don’t. It is essentially a stock trader, but it is a stock trader that does not actually stay in a stock for an extended period of time. Chances are they will only hold a stock for a few minutes, and then trade it in the same day. Hence the term: day trader.

The biggest problem with day trading is that it is almost seen as a form of gambling. This is perfectly understandable when you consider the number of day traders out there that lose money rather than making money. The thing is though, there is such a thing as a professional gambler.

Timing is everything, and in day trading timing can determine whether you win or lose. Market timing is the act of attempting to predict the direction of the market. Can it be done? Yes, there is in fact data that will point to the rise or fall of the market. By following this, you can figure out when to buy, and when to sell.

There are a lot of investors out there who are of the opinion that the market cannot be timed or predicted. It is just too…unpredictable for lack of a better term. Fortunately there are many traders out there who simply do not agree, and they try to time the market anyway. Are they right? Well, maybe, even though 90% of all day traders lose money.

Then you have the issue of timing risk. It is the margin of error that is ever present in day trading, and all traders will need to deal with it at some point or another when buying stock. They may or may not do something wrong, but there is always that chance.

You know what they say. It’s better to “have time in the market than to time the market”. There have been many failures in market timing, which has led to this attitude.

It’s true that the odds are against day traders, but has that stopped them? Absolutely not! Many people persist in trying to time the market, but can they do it? Can the market really be timed?

If you want to properly time the market, then you will want to make use of a day trading program. There are a lot of artificial intelligence programs out there, many of which were invented long before the internet reared it’s ugly head and changed the trading world forever. Since their initial creation, day trading programs have become incredibly advanced they are now more available than ever before.

Artificial intelligence can learn. It can analyze it’s past mistakes and resolve to never make them again. Like humans, they have the capacity to learn anything, but they are not like humans all all. They don’t need to sleep, they have nothing else to do. This makes them very good at learning.

With the knowledge you have as a trader, you can program the robot with your trading preferences. The robot will tell you how your trades are faring, and if your strategies aren’t actually working, you can always change the program. Day trading robots are extremely useful.

Day trading robots are very fast. They can move ten times faster than a human ever will, and their orders can be placed immediately. A human cannot do this by any means. In fact, there is quite a bit of lag when a human being tries to place an order which can lead to lost sales.

The day trader cannot pass up the opportunity to use a day trading robot. If you trade without one, you might win, and you might lose. Take the uncertainty out of the process by using a day trading robot!

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There are lots of people who aspire to become profitable traders in today’s market environment.  Many people who come to trade stocks, options, and other securities are attracted to the potential of making a lot of money but, often, aren’t aware of what it takes to be able to make money consistently, position yourself to make windfall profits, and all the while doing this while protecting your account from excessive and/or unnecessary losses.

The good news is that there is a wealth of resources to help you but the bad news is that often a beginning trader doesn’t know where to start.  It is the focus of this article to give you direction on what areas to focus your efforts into in order to improve and trade successfully.

The first step is to focus on is learning the language of the industry.  Learn what a stop limit order is or what a “handle” means and how they relate to your trading.  If you run into a term that you don’t understand, just “google” it, then study the meaning. It is extremely hard for you to know what an article is saying or a veteran trader is talking about if you don’t know the basic terms of stock orders, option definitions, or how the futures market works if you ever hope to trade them.

The second step is to learn is how to read price action.  Price action is basically the language of a stock or a given market.  It tells you what the stock or market has done and is likely to do again.  Know how to read trends on a chart.  Is the stock in a long term bullish trend?  Are oil prices in an intermediate bear market?  Is there evidence of a possible trend change in oil futures from an intermediate bear market to a long term bull market?  Learn how to read price action and it will make you rich.

The third step to successful trading is learning how to control your risk.  Almost every successful trader that has survived long term and made money long term knows how to control his risk to the markets.  I personally know a professional hedge fund manager that was short the German mark when the Berlin Wall came down but survived to make record returns on his funds that year.  The same trader was long the Dow futures when the 9-11 terrorist attacks happened and went on to beat  the returns on the S&P 500 that year.  I was personally long a lot of oil and refinery stocks when Hurricane Rita hit Texas but I still made money as those stocks plummeted because I know how to manage my trades.  Learn how to assess and control risk and you will increase your odds in becoming a master trader.

The fourth step is having an “edge” when you trade.  An edge in trading is anything that gives you an advantage in trading.  The more edges you can have, the better chances you have to make outstanding profits.  An edge can be superior chart reading skills, successful stock selection, money management, etc.  I know of a very famous and successful stock trader that use the 3 edges I just wrote to take an $11,000 stock account and made $48,000,000 in 23 months!  He has been interviewed in almost all major financial publications and has set a world record in the greatest returns in the briefest time category.  Study the great traders and you will get a glimpse of the edges they use to become trading legends.

The fifth step is having mental discipline and emotional balance.  Most of trading is mental.  You can give two traders the same exact trading system for stocks, futures, or options but, invariably, they will end up with different results.  Why?  There mental and emotional states may not support them in being successful with system they were given.  One trader may experience nervousness and anxiety which causes him to exit his trades to early, hesitate in taking entry signals, or taking profits too early and missing the big moves.  The other trader may have the discipline and control to take each trade as it comes with no other focus other than to follow the system as it should knowing that the losses he may experience are just part of the game and that he will make his greatest profits over time using this system.  In my opinion, learn how to use your mental discipline and emotional control to support you in becoming a successful trader and not work against you.

These five steps that have been outlined will go a long way in helping you become more skillful and profitable.  In time, you may want to come back and begin with the “basics” of this lesson to keep your focus and help you stay on the path of being the best trader that you can be.

Good trading.