The concept of day trading covers a group of traders who work from home as a primary or secondary source of income.。

These traders usually make money through short-term trading and daily fluctuations in the market, and anyone with the right technical settings, debit cards and a small amount of money can trade。Many day traders are involved in Forex trading。They can be successful, but they also risk huge losses。Here are the comments from three day traders who have all experienced losses and profits。

"Gambling with savings"

Rene Muccio, from South London, retired from running the antiques business to become a businessman。He used his life savings as capital to trade in the foreign exchange market.。He trades currencies such as dollars, pounds, euros and yen in his bedroom while studying charts and indicators。At the time, his biggest profit was only £220, while his losses were as high as £2,000 at a time.。

Muccio admitted that it was not the smartest decision for him to trade on the day, but insisted despite the losses, as he noticed an improvement in his skills and understanding of the market.。With experience, he learned how to better analyze charts and understand the impact of various movements on his trading。Despite liking the process, many professionals will see it as a form of gambling because novice day traders act impulsively, spend most of their savings, and often do not achieve major successes, with a greater chance of losing money。

"Experience brings everything."

Charlie Burton lost £250,000 in his first year of trading, but with more than 17 years of industry experience, he has now learned how to manage money better。He has set a daily target of around £500-1,000 and he once made a £7,000 profit on a trade.。

Burton admits that most traders will not succeed in the first few years, but experience will bring everything。He advises traders to be prepared for difficulties, starting with part-time trading before deciding to trade full-time。Even with in-depth research, trading strategies and analysis, trading remains one of the most challenging professions in the world and should not be underestimated。

part-time trading

Jackie Mitchell is a part-time trader.。She trades in the morning and runs a laundromat in the afternoon to stay safe and continue to fight for modest profits。She made the mistake many people make at the beginning: attending a seminar, thinking it was easy, and trying it the next day。

Like the traders mentioned above, Mitchell agrees that new traders may lose money at first。Even so, after you understand how the industry works, trading will bring many advantages, such as mobility and convenience。After years of practice, she can say that the profits she makes can finally help her maintain her daily routine and have enough money for her vacation。

No trader can predict the market, but the best way to improve trading is through practice and experience。These traders, like millions of others, have experienced heavy losses, but with persistence and dedication, they have been able to make trading a job。The key to long-term day trading profitability is to avoid overconfidence, be cautious during short-term gains, and never stop learning。