Very often people ask if is possible to become a day trader, and day trade for a living.. The answer is:: “Yes, you can!” However, you must receive professional  training to become skilled in online day trading.

There are many knowledgeable websites about Day Trading that offer useful information about training. Just type day trading training into the Google search engine.

How much must to take in day trading every week to begin to day trade for a living? What would you need to replace what you make from your current occupation?

People tend to not to quantify exactly what they need to earn in order to trade full time.You must know what you need to earn each week and plan accordingly.

Let’s look at an example and say you need to make 100,000 dollars a year to leave your current employment. Let’s look at whatit would take to earn this kind of money day trading.

100,000 dollars for the year is about 8,000 dollars per month, or 2,000 dollars each. We are assuming you take two weeks off,of course.

What it takes is knowing exactly what you are doing. You learn this by getting trained by a professional that is successful.

Have you not heard that before? Is this not true in becoming successful in any field?

Once you learn a trading method, you must practice. Practice on a simulated account until you have complete confidence in your chosen trading strategy, and more importantly in yourself.

Assuming you choose to trade the S&P 500 Emini and your goal is to make just a single point each day. It would be required to execute 10 contracts on every trade. Margin requirement is around 1000 dollars for each contract. Do this and you will reach your goal.

Attaining the goal is the key to day trading success. Most importantly, you must have a solid trading strategy, and it must be one that works effectively in the market or markets you trade.

It is imperative to master your trading system and follow your money management rules.There is no magic. Becoming a professional day trader requires dedication to your education as a trader, and commitment to developing your skills.