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18-Dec-2016 13:57

You can get started with as little as a few hundred dollars, although starting with at least 0 is recommended.

But if you don't have ,000 to trade (and can't maintain your account above ,000) then stocks likely aren't the best day trading market for you.

These tips will get you setup with the proper equipment and software, help you decide what to trade and when to trade, show you how much capital you need, how to manage risk, and how to practice a trading strategy effectively.

As a beginner day trader, you may already have a market in mind that you want to trade.

If you have more than ,000, then stocks are a viable day trading market.

All markets offer great profit potential, therefore it often comes down to how much capital you need to get started. To day trade you need a few basic tools: As a day trader, both as a beginner and a pro, your life is centered around consistency.

Day traders should control risk in two ways: trade risk and daily risk.