Too often, when people ask me about investing they immediately jump to the idea of day trading. Many investors are drawn to the dream of getting rich quick. Unfortunately, in my experience not everyone is cut out to be a successful day trader, so let’s take a look at what it takes and who it might suit.
Every night on the news we hear about the market going up or down. But even though movements in the market tend to be closely followed by many in the finance industry as well as a large cohort of investors, it’s not always clear what causes these shifts. Understanding some of the key factors that move the market can potentially help investors improve their investing success by being able to help determine which moves are important and which are just noise.