So You Want to Be a Day Trader?

Prior to day trading, if you wanted to buy a stock, it was quite a complex process. First and foremost you would have to have a broker to order. The order would then be sent to the exchange floor to a specialist that would find a seller, match them with the buyer and actually write a physical ticket. Then confirmation would be sent back to the brokers for both the buyer and seller. Commissions of 1% were always charged to the total amount of the trade, in addition to what…

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