Financial

Day trading on the NASDAQ

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Day trading on NASDAQ is one of the most popular ways to make money trading online. It’s the largest stock market in the world and the rewards can be incredible. But it’s not easy, you have to learn the correct trading techniques and then apply them every time you see the technique set up. The problem is, how do you find a trading technique to use?

This is how you can make money day trading on NASDAQ:

  • 1. Do what successful traders do. One of the easiest ways to get started is to learn from an experienced trader. Do what they do and you’ll be short-circuiting a learning curve that could take years without expert guidance. I am now going to introduce you to three day trading professionals who make a living day trading on the Nasdaq.
  • 2. VG. – VG, is a hugely successful day trader of NASDAQ stocks, originally from Ukraine, VG moved to Canada where he taught himself English from television and found out how to make money on NASDAQ. You won’t want to miss out on Vlad’s story as he discovered a way to make modest but very regular profits on the NASDAQ that are almost risk-free.
  • 3. Mr. C and N – These two Englishmen cracked the secret trade code. The methods they use have similarities to VGs in that their trades are very low risk but offer tremendous profit potential. When it comes to trading knowledge, there isn’t much these guys don’t know.

So how do you do it? First, they have a method of filtering stocks out of the thousands that they could trade. You only want to focus on those with maximum profit potential. Stocks in the news, those about to report profits, this is where they focus their analysis.

Next, they look for triggers that trigger explosive movements. This includes observing price patterns that have occurred hundreds of times and which then lead to large trade moves during the day. They also use the Level 2 electronic order book. Here they can see exactly who is buying and who is selling and what price levels are being defended – if you stop defending those levels, it will be time to place those explosive trades.

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Source by George Hallmey