| Day trading vs. after hours trading: what is the | | | | said that the Forex market is now literally being |
| difference? Let us define both. | | | | flooded by bids and calls from traders who are using |
| The traditional meaning goes this way: day trading, as | | | | the Information Highway as their own personal |
| the name suggests, usually happens during the daytime | | | | platforms. |
| or office hours of the financial trading floor. To be | | | | Evidently, it is fairly easy to learn day trading skills, and |
| more specific, day trading usually happens between | | | | apply these as a way of earning a sustainable income |
| 9:30 am to 4:00 pm Eastern Time. | | | | for yourself. The first step is always the hardest, but |
| Any transaction that happens afterwards is | | | | once surmounted, everything should fall into place. The |
| considered as after hours trading. However, with the | | | | first step would entail acquiring extensive knowledge |
| growing trend of virtual trading on a global scale, this | | | | of the comings and goings of this trade market. |
| "time" distinction is now applicable only in the actual | | | | Books and seminars may provide the necessary |
| trading floor of the major stock exchange centers of | | | | background; but admittedly, these would take a lot of |
| the world. | | | | time. Besides, with the time-as-money mantra of most |
| With the expanding population base for novice traders | | | | people these days, people favor learning day trading |
| who are staking their own monetary claims in the | | | | skills on the fast track level. Fortunately, there are |
| World Wide Web, day trading and after hours trading | | | | online manuals, downloadable video step-by-step |
| is defined by the actual products or commodities that | | | | guides, and e-books that are available for perusal. |
| are being traded off. | | | | At the same time, there are also tools like the FAPS |
| In this case, after hours trading is relegated to the | | | | or Forex Autopilot Systems(TM) that can help any |
| barter of mutual funds. On the other hand, if you want | | | | neophyte acquire knowledge and trading skills in a |
| to learn day trading, you should focus on researching | | | | hurry. Aside from the instructional materials that |
| and updating yourself with the financial instruments that | | | | accompany software applications like this, the |
| are usually (but not exclusively) being bought and sold | | | | applications themselves can be a great learning device |
| in the daytime stock exchange. | | | | that provides a hands-on approach to learning day |
| Some of the most common financial instruments being | | | | trading skills. Similar automated Forex systems usually |
| traded off are stocks, interest rate futures, equity | | | | include demo software that allows people to try their |
| index futures and commodity futures. However, there | | | | day trading skills in a mock setup... and this also uses |
| is a greater majority of casual investors and novice | | | | mock currencies as well. This means that a person |
| traders now who are trying to learn day trading, for | | | | can hone and harness his or her day trading skills |
| the chance to trade in stock options and of course, | | | | without spending any money during the learning |
| currencies in the Forex (foreign exchange) market. It is | | | | process. |