By Chris W. Dunn
There are two types of day traders; institutional and retail. For many years, institutional was the most common kind. Recently, thanks to its many advantages and flexibility, retail day trading has become much more popular.
Institutional day traders work for financial institutions. The advantage of working for an institution is that you usually have more formal trading education and many more resources, knowledge, and tools made available to you at work. The equipment available is much more expensive since it is paid for with the institution's money. These are all great benefits, but nothing beats the flexibility of a retail day trader.
Retail day traders work for themselves, either from home or from an office that they have set up. Working for yourself has its obvious advantages. You are your own boss, you are on your own schedule, and you do not have the pressure of a boss always behind you, watching what you are doing. Since having your own computer and an internet connection is so common and easy to get today, it is easy to put to practice your trading methods right from your home. With a fast connection you can smoothly do your job and earn money without leaving the house. With a laptop you can take your computer with you and work from any location.
Some people may not think that they would be able to take advantage of working from home by day trading since they do not know the skills. However, with a trading course and some experience you can learn all the tools of the trade and prepare yourself for a job as a retail day trader. Besides learning about systems and tools, it is important to know exactly how the market works. Having an inside knowledge of the system is important since numbers move fast and you have to be able to stay on top of it all in order to do your job correctly and earn money. By the time you are done with the course you will have as much of an advantage and knowledge as institutional day traders working in an institution have.
There are two types of day traders; institutional and retail. For many years, institutional was the most common kind. Recently, thanks to its many advantages and flexibility, retail day trading has become much more popular.
Institutional day traders work for financial institutions. The advantage of working for an institution is that you usually have more formal trading education and many more resources, knowledge, and tools made available to you at work. The equipment available is much more expensive since it is paid for with the institution's money. These are all great benefits, but nothing beats the flexibility of a retail day trader.
Retail day traders work for themselves, either from home or from an office that they have set up. Working for yourself has its obvious advantages. You are your own boss, you are on your own schedule, and you do not have the pressure of a boss always behind you, watching what you are doing. Since having your own computer and an internet connection is so common and easy to get today, it is easy to put to practice your trading methods right from your home. With a fast connection you can smoothly do your job and earn money without leaving the house. With a laptop you can take your computer with you and work from any location.
Some people may not think that they would be able to take advantage of working from home by day trading since they do not know the skills. However, with a trading course and some experience you can learn all the tools of the trade and prepare yourself for a job as a retail day trader. Besides learning about systems and tools, it is important to know exactly how the market works. Having an inside knowledge of the system is important since numbers move fast and you have to be able to stay on top of it all in order to do your job correctly and earn money. By the time you are done with the course you will have as much of an advantage and knowledge as institutional day traders working in an institution have.
Chris Dunn is an e-mini day trader with a strong focus on high probability trading strategies and skill development. You can get top-level day trading training through the Emini Academy's online day trading courses and personal coaching programs.
Article Source: http://EzineArticles.com/?expert=Chris_W._Dunn
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