Investing Tips Information

Learning How to Day Trade by Losing the Indicators
By John Templeton

I know the idea of learning how to day trade may seem like a mystery to most people, especially if you are just starting out in this business. People really want to be able to trade the markets everyday, except they are so intimidated by the idea of it. They think that only “true” market professionals or braniacs could be able to make a living by day trading.

But you know something? Almost anybody can learn how to day trade successfully. I think you would be amazed if you ever met some of the people who make a living, day trading. You would be stunned to know that almost none of them are “geniuses” or “trading wizards”. They are as ordinary as you and me. In fact, many of them never even graduated from high school. So that should put it in perspective for you.

If you really want to learn how to day trade, I think it’s vital that you grasp the idea of technical analysis. This a day trader’s best weapon. Now, when I write the phrase “technical analysis”, this doesn’t mean just slapping a bunch of indicators on a chart using some generic trading system. This is where so many people go wrong, and this is exactly why there are so many people who lose money in the markets.

There is no real analysis when you are using indicators. Indicators are really an excuse for analysis. Instead of the trader, taking it upon himself to analyze the market, he instead lets the indicator do all the work. This is not the way traders have success. Once you know how to look at a chart without any indicators and understand what the market is trying to tell you, you’ll be miles ahead of most traders.

Day trading is a great way to make money in uncertain times. Index Surfer is a great place to learn how to day trade the SPI