When you are an aspiring day trader, you need education a calm temperament and the right tools. That means stock scanning software. But that also means access to a real handing chat room community that brings together thousands of traders, all with tons of experience to share and a willingness to trade nuggets, call out trades and engage with newbies in a productive way.
Warrior Trading is a day trading education site that creates a day trading community with all those attributes. Not only does the site have a stellar list of classes where you can learn great techniques and strategies for making profits in the market, but it houses a day trading chat room where you can learn from peers about the best trading tools out there.
If you give Warrior Trading a shot, you will find that the chat room is a great place to learn about momentum trading strategies. That entails finding stocks that are about to spike up quickly and getting in on that action early enough to make a profit. The key to that strategy is finding the hot stocks in real time. The Warrior chat room has instructors that are calling out their trades all the time. Those same instructors can provide you will lessons on how to use free trading tools to find these big movers in real time, soon enough to jump on the company and make some money.
One of the most important ways for a novice trader to stay profitable early on is to keep overhead as low as possible. That means forgetting about expensive stock scanning software that requires a monthly licensing fee. Making the most of the free trading tools out there on the Internet is a great way to keep your monthly costs under control while you are refining your day trading strategies.
The best trading tools are the ones that you use to get better. And novice traders get better with practice. Using a trading simulator is an excellent way to practice without risking real money. You can trade stocks in an environment exactly like the real market, but with fake money.
The best way to get a real sense of day trading before you even set foot into a paper trading market is by checking out one of Warrior Trading’s free chat day. Look for Warrior Trading on Facebook and peruse their site. You can sign up for a free chat day in order to experience day trading and get a feel for the community.