Day Trading Room

Should I trade from home or from a trading room?

Please be careful with trading rooms or trading arcades. Even though it does feel good to trade with someone or a group of people side by side, this is not always a good thing.

Many trading rooms charge a sit fee for the use of their trading stations and also make commissions from their day traders. These firms typically train customers to generate lots of trades with their "proprietary" strategies or techniques. Be very, very careful.

When you trade with other people, there is also a tendency for a group to follow one or two day traders. This prevents an individual day trader from reaching the level of independence that he or she needs to trade effectively. Even though it might be difficult at the beginning to trade from home, I suggest that you stick with it. Get a good day trading education and paper trade enough until you feel comfortable to trade live from home. If you want to practice on a day trading software live demo, click here.

Back to trading education.