http://www.kenniffonline.com/trading-for-profits/
What is the best type of account to sign up for if i want to sart day trading?
Ameritrade has four of them: cash, cash and option, cash and margin, cash and option and margin..
Also, to elaborate on my question, is $2000 even enough to start making any kind of profit in day trading ?? And is signing up for those newsletters all over the internet that promise you the best, ‘top secret’ tips on potential stocks a hoax ??
Margin account. Newsletters can’t help you unless you’re skilled at trading and understand;
Money Management
Position sizing
Risk/Reward Ratios
Stops, limits & time horizons
Technical Analysis
The SEC does not allow brokers to allow “pattern day traders” unless they have $25,000 in their account.
The “day traders” that have been successful have read many books, watched many webinars and gone to good seminars. On average it takes 3 years (or more) to learn day trading.
Live Day Trading – Scalping Profits Video #1