Successful day traders are able to utilize leverage to increase their buying power and take on much larger positions than typical investors. While this can increase profit potential, this strategy can also magnify trading losses and even create a negative account balance, in which case a trader would owe money to their broker. Day trading is not for the faint-of-heart, but if you start small, develop a trading plan, and then stick to that plan, you will find yourself in a better position to succeed. With all the risks involved in day trading, there are also plenty of rewards to be had, and many traders are putting away six-figure years regularly.
We recently had a chance to sit down with successful day trader Ross Cameron who has made a living trading the markets, and has been helping aspiring traders by teaching them his proven beginner day trading strategies. In 2012, he opened Warrior Trading with the mission to create a community focused on providing education and detailed analysis of trades—a hub for traders to exchange ideas, make friendships, and learn about the market. He has since taught online Day Trading Courses to thousands of traders around the world and engages with his students on a daily basis through his Day Trading Chat Room.
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