Books: Whats the difference between day trading, e trading, and investing in the stock market?
October 30th, 2009
So that I know which of these books to get to learn the basics
http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0764599038/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1210879631&sr=1-1
http://www.amazon.com/Investing-Dummies-Business-Personal-Finance/dp/0470228024/ref=sr_1_8?ie=UTF8&s=books&qid=1210879631&sr=1-8
http://www.amazon.com/Trading-Dummies-Business-Personal-Finance/dp/0470171499/ref=sr_1_7?ie=UTF8&s=books&qid=1210879631&sr=1-7
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Investing usually refers to long term investments. Daytrading is when you don’t hold stocks over night, you’re in and out in the same day for the most part. E Trading is just electronic trading so it’s when you do it yourself rather than having a portfolio with a broker.
It’s really a rough time to get into the market on your own right now. Ten years ago you couldn’t go wrong but these days you need much more capital to make a profit. I’ve been daytrading for ten years and you have to aknowledge to yourself that all it is is gambling. And you don’t gamble with money you can’t afford to lose. I had an unexpected $10,000 bonus in ‘97 that I opened an account with and have done well but I’m telling you, you would have a hard time making money with a small investment like that these days.
good luck