Inside
the Day Trading Revolution
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What is Driving the Recent Popularity
of Day Trading?
The recent popularity of Day Trading
is linked very closely to the technological and information
revolution that is currently sweeping the country. The Internet
is rapidly transforming an industry that has for many decades
been dominated by a handful of well capitalized financial
firms. Traditional rules and protocols which have been formulated
to favor these large investment firms are being rapidly dismantled,
and critical information, which is vital to effective decision
making, is beginning to be diseminated to small investors.
A new generation of electronic trading
and brokerage companies is engaged in hastily harnessing the
available information resources and trading mechanisms and
making them available to a growing army of small investors.
These small investors, eager to take advantage of this shift
in power are embracing the new technology and establishing
a formidable presence in the market - where none existed before.
While some large firms initially
underestimated the potential impact of this new investment
paradigm, few are denying its momentum today. At last count
some 25% of all retail stock trades were executed through
on-line brokerage accounts - a staggering share of the total
market considering the relative youth of this movement.
Electronic trading has clearly served
to lower transaction costs and improve access to information.
By almost all estimates, electronic trading is here to stay.
And where there are real-time trading opportunities, there
will always be Day Traders looking to exploit new found market
opportunities.
What
are the Risks of Day Trading?
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