Have you ever wanted to become a day trader? Many people have, but many people also share a common fear: the fear that they will fail. What you need to do is grab an artificial intelligence program, and seen enough the trades will seem incredibly easy.
Perhaps you don’t know what a day trader is. Don’t feel bad, many people don’t. It is essentially a stock trader, but it is a stock trader that does not actually stay in a stock for an extended period of time. Chances are they will only hold a stock for a few minutes, and then trade it in the same day. Hence the term: day trader.
The biggest problem with day trading is that it is almost seen as a form of gambling. This is perfectly understandable when you consider the number of day traders out there that lose money rather than making money. The thing is though, there is such a thing as a professional gambler.
Day traders need to have their timing perfect, which brings about the issue of market timing. This is where the investor attempts to make a prediction on the direction that the market will take. There is electronic data that will help to determine this, and there are even technical indicators. These will tell you when to sell, and when to buy.
Many investors though, think that the market is something that cannot be timed. There are many variables, and many inconsistencies. They believe they are way too complex, but there are traders who disagree and do their best to time the market. Well, 90% of day traders lose money in the market rather than making money.
Risk goes with the territory in active day trading. Then you have timing risk, which is the margin of error that a trader faces and deals with when they buy a certain stock. There is always a chance they they will do something wrong, and will not make as much money as possible on a given trade.
You know what they say. It’s better to “have time in the market than to time the market”. There have been many failures in market timing, which has led to this attitude.
Yes, the odds are against them, but that doesn’t mean they won’t continue to make their best effort at making money. Money will be lost, but they know that by timing the market correctly they will make a ton of money. The only problem is actually figuring out how to time it. Can it be done?
If you want to properly time the market, then you will want to make use of a day trading program. There are a lot of artificial intelligence programs out there, many of which were invented long before the internet reared it’s ugly head and changed the trading world forever. Since their initial creation, day trading programs have become incredibly advanced they are now more available than ever before.
Such AI programs have the ability to learn, and learn well from timing mistakes that have been made in the past. These programs are capable of learning like humans, but they have a one huge advantage over humans. They do not require sleep, and they do not become distracted. All they need to do is learn, and they do this very well.
As a trader, you can program your robot with your preferred trading strategy parameters, and the program will learn them and give you feedback as to how well they do over a period of time so that you can make adjustments to the program if you want to.
Day trading robots are also faster to move than a human can typically be. They use an electronic trading platform that enables them to place orders instantly, so that loss due to order lag is minimized.
So, for the day trader, the day trading robot is indispensable. There is no good reason to do this kind of trading without the all-important help of AI. But with it, making a fortune in day trading is possible.
Are you tired of scraping by at your day job? Why not get into the stock trading and make some money the easy way… with the guidance of artificial intelligence! Learn more about how to make money trading now. You can also check trading for a living info.