The Day-to-Day Life of a Trader: What to Expect
Trading is often portrayed in the popular media as a fast-paced, high-stakes profession where fortunes are made and lost in the blink of an eye. Although there is some truth to this image, the daily life of an entrepreneur is more complex and nuanced than what can be seen in movies or on television.
1. Research and analysis
The foundation of a day trader starts with research and analysis. Before the market opens, traders spend time checking financial news, financial reports and specific company information to stay abreast of potential market-changing events. They analyze charts, technical indicators and historical prices …