How To Begin Day Trading

If you want to know how to begin day trading follow these steps:

Step 1: Finding And Choosing The Right Day Trading Broker

Find the right day trading broker considering whether you will be trading stocks, futures, currencies, bitcoin, etc. This could be a stock broker, futures broker, CFD broker, Forex broker, or even a crypto currency broker.

Step 2: Practice in Simulation Very Important

Practicing taking day trades and placing various day trading orders within a simulated trading account so that you become comfortable in placing day trades and know how to do so.

Step 3: Must Learn A Really Good Day Trading System 

Learn a day trading system that truly works and works really well. Without the right day trading system you cannot hope to be successful, especially in the long term. A day trading system has to be special and come from a real day trader. It must have a specific entry, exit, and stop loss. And it must have an 85% or higher success rate through both backtesting and forward testing of the charts.

Step 4: Practice Day Trading System First

After you’ve learned a good day trading system then you should practice that system within a simulated trading account (paper account, demo account) to make sure it works and to make sure you’re doing the day trading system correctly.

Step 5: Begin Day Trading In Real Account

After you see it working for yourself go ahead and start using the day trading system in your regular day trading account.

Step 6: Using A CFD Broker To Trade With Less Risk 

If you find that $5 per tick on the YM (Dow) and NQ (Nasdaq) and $10 per tick on GC (Gold) and CL (Oil) you can get a CFD broker and practice at $1 per tick instead, letting you get yourself accustomed to taking trades and taking the risk, this can really help you to begin day trading because you’re not taking as big of a risk financially speaking and get to learn what it’s like to take that risk with less money involved, less money to lose. This can be your training wheels so to speak until you become comfortable with day trading and can relax at it without your heart racing and you becoming too nervous.

Step 7: Earn While You Learn With Day Trading Signals

You can also begin your day trading by having day trading signals sent to you. This can also be a great way to begin day trading because you will earn while you learn. The only challenge is to find good quality day trading signals. With the right day trading signals you can start making money at day trading while you learn how to day trade on your own.

Step 8: Train One-on-One With A Professional Day Trader

Another way for you to begin day trading would be to train with a professional day trader usually one-on-one but sometimes within groups. One-on-one is usually best because you can learn day trading very quickly and easily with a professional day trader teaching you, making sure you understand everything from using the day trading software to using the day trading system correctly.

So the answer to the question how to begin day trading involves various steps to take and or consider but you have three main options:

a. Learn a really good day trading system
b. Have day trading signals sent to you
c. Train with a professional day trader

Many years ago back in 2003 you could find really good day trading rooms deep within ICQ, but few people knew about them and were not advertised. 

As far as I know no such rooms exist anymore but if they do this is also a great way to begin day trading because you can follow good traders in their trades and profit with them, using their experience to profit from. This is how I got started day trading by doing this very thing. 

And over time I became better and better in my day trading. Fast forward to 2025 and I have perfected my day trading which I show at my YouTube channel.

How To Begin Day Trading Like A Business:

Day trading is a very serious business, you can make or lose a substantial amount of money so it’s not to be taken lightly. If you want to begin day trading you should take it very seriously, just as you would starting a business. 

You will have tremendous power at your fingertips to either make or lose money, you need to make sure you are using that power wisely because if not all that will happen is you will lose your money. 

What you’re doing is learning and adapting to how to day trade for a living and treating day trading just as you would a professional business.

Stay disciplined with a rock solid plan in advance (trading system) and do not sway from it, do not gamble, do not get upset, do not step outside of your plan or system. Do not make any mistakes because if you do they can be costly. 

If you fail to place a stop or place that stop at a limit it can cost you big. Make sure to place all Stop Losses at Market Orders, which they default to, but if you place a Stop Limit on your Stop Loss your order may not get filled. But if you place your Stop with only a Stop Order it will go off at Market. 

And keep in mind, most people lose their trading accounts because they did not place a stop on the trade, unwilling to lose the money. If you want to be successful in the long term you must learn that this is the number one mistake to make and never to make it. You must live or die by your stops. 

A successful day trading system is one where you can use stops and they do not get hit, if you cannot use stops that do not get hit then you do not have the right trading system, simple as that.

How I Started Day Trading My Story

When I first started day trading in ICQ message board software there was a trader in there who I followed and he would win on almost every trade he took, which showed me the power of accuracy. Because in my own trading I was taking 10 trades per day but only breaking even in money. 

I couldn’t win often enough to make money and keep going higher. So I stopped my own trading and followed his trading and like magic my account started going up in money, making everything much easier and more relaxed. I began to study his trades and ask him questions on why he entered, he was always very kind and answered my questions. 

I learned through him the power of accuracy, that when you become accurate in your trading, knowing precisely where to get in and get out, then you have mastered day trading. And he had that mastery. I went on to become a master day trader also but have him to thank for showing me the way from the beginning.

Learn How To Begin Day Trading By Watching My Day Trading Videos Below

My website How To Trade is here to help you begin your day trading journey. Feel free to watch my day trading videos below which will help you to learn how to begin day trading in your own account, from placing day trading orders to seeing how you go up and down in your position and how it works out at the end of the day.

Learning about day trading by reading has it’s place and value, but so does watching real day trading by a professional day trader to learn how it’s done so you can also do the same and be successful with a new day trading career.

The following day trading videos are hosted on my YouTube channel How To Day Trade and I day trade almost everyday there using my day trading system. They will help you know how to begin day trading by watching day trading in action.