| There are two types of day traders; institutional and | | | | connection is so common and easy to get today, it is |
| retail. For many years, institutional was the most | | | | easy to put to practice your trading methods right |
| common kind. Recently, thanks to its many | | | | from your home. With a fast connection you can |
| advantages and flexibility, retail day trading has | | | | smoothly do your job and earn money without |
| become much more popular. | | | | leaving the house. With a laptop you can take your |
| Institutional day traders work for financial institutions. | | | | computer with you and work from any location. |
| The advantage of working for an institution is that | | | | Some people may not think that they would be able |
| you usually have more formal trading education and | | | | to take advantage of working from home by day |
| many more resources, knowledge, and tools made | | | | trading since they do not know the skills. However, |
| available to you at work. The equipment available is | | | | with a trading course and some experience you can |
| much more expensive since it is paid for with the | | | | learn all the tools of the trade and prepare yourself |
| institution's money. These are all great benefits, but | | | | for a job as a retail day trader. Besides learning about |
| nothing beats the flexibility of a retail day trader. | | | | systems and tools, it is important to know exactly |
| Retail day traders work for themselves, either from | | | | how the market works. Having an inside knowledge |
| home or from an office that they have set up. | | | | of the system is important since numbers move fast |
| Working for yourself has its obvious advantages. You | | | | and you have to be able to stay on top of it all in |
| are your own boss, you are on your own schedule, | | | | order to do your job correctly and earn money. By |
| and you do not have the pressure of a boss always | | | | the time you are done with the course you will have |
| behind you, watching what you are doing. Since | | | | as much of an advantage and knowledge as |
| having your own computer and an internet | | | | institutional day traders working in an institution have. |