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      Home LAUNCH Business Ideas Financial

      Stock Day Trader

      ExpertHub Staff by ExpertHub Staff
      Nov 25, 2009
      in Financial
      13
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      Business At A Glance

      Stock Day Trader

      Startup Costs: $2,000 – $10,000
      Home Based: Can be operated from home.
      Part Time: Can be operated part-time.
      Online Operation? Yes

      Business Overview

      With the advent of the internet, an entirely new homebasedself-employment opportunity has surfaced. This business has thepotential to generate six-figure incomes for everyday Americans whobecome day traders of stocks and commodities.

      However, this opportunitycertainly has a risky downside, as the potential is as great to losemoney as it is to make it–especially for the novice and inexperiencedtrader. The key to successfully earning an income as a stock day traderis to gain as much knowledge about the industry as possible. Specializein a specific type of stock or commodities trading, have considerableinvestment capital to get rolling, and most importantly nerves of steeland an understanding of what goes up must come down. Remember, most daytraders go for short gains, buy in early and sell out the same day.Holding overnight is too much risk, especially for heavily investedtraders in unstable market conditions. Of course remember the goldenrule of stock and commodities trading: ‘never risk more than you canafford to lose.’

      The Market

      People who want to hire someone to manage their stock portfolios

      ExpertHub Staff

      ExpertHub Staff

      ExpertHub’s award-winning team of Staff Writers deliver unique, insightful and curated content from successful business leaders, authors and subject matter experts. This highly-experienced team understands the information that business readers are looking for, what’s unique and impactful, and how to distil key ideas into actionable insights.

      Quick Links

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