Swing trading can be a much better option as compared to day trading. You can swing trade stock, forex, futures,options or ETFs in just 30-60 minutes each day as compared to day trading. Day trading is in fact a full time job.
Recently the CFTC ( Commodity Futures Trading Commission) the regulatory body that oversees the futures market as well as the forex market has given a ruling that outlaws 100:1 leverage. Now, you can not use more than 10:1 leverage level in forex trading. What this means is that you will need a large balance in your trading account to trade the standard lot.
Whatever, leverage was always a double edged sword. If it amplified your profits, it also could destroy your account in a matter of seconds. What you need to do is to master trading different markets. Sometimes, you will find a good opportunity in the stock market, sometimes in the gold market, sometimes in the crude oil market and sometimes in the options market.
As a new trader, you can start off from one market. Master it and then master another and then another. The basics of trading are almost the same for these different markets. So once you master trading one market, you can easily master other markets. This is a much better option as compared to sticking with just one market and day trading it all the time.
Trading different markets is what will work in the 21st century. Some people call it market timing, Whatever name you give it, swing trading is what you need to learn if you want to enjoy your life as well as make money with trading.
Source by Ahmad A Hassam www.positivestocks.com