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Exploring the difference between day trading and gambling

Investing and gambling is really the same thing. I mean life is a gamble, you can get hit by a bus or get divorced however day trading is much safer than gambling especially if you spread your risk around a bit.

As long as you are a confident and know what you are doing with your money day trading is a much safer way to earn some extra money or even to live off. The most important thing in investing is patience, sometimes your shares will not go up overnight! Also you must not get to greedy because remember as quick as it can go up it can go down too, think to yourself what is a reasonable profit that covers your risk as well. (70 to 100 percent profit is very reasonable).

If you are seriously looking going into day trading may it suggest never too buy and sell at market value, always trade at a limit. That way the market won't change and you'll end up buying the shares at a larger value or sell it at a smaller value.

One big thing to remember too! NEVER follow stock tips unless you can bet your life that they're real. So many people buy shares and say all sorts of good things about their shares to drive the price up, so they can make a quick dollar.

Learn more about this author, Dean Fox.
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