Many new traders make the beginner mistake of using the wrong tools. Using the right day trading software and day trading tools is critical. While a skilled trader can make do with less than ideal tools, beginner traders need every advantage possible.
That means making sure your equipped with the best trading software, scanning software, and charting software.
I often talk about trying to ride a road bike in the sand. It doesn’t matter if you have a $2,000 road bike, you can’t ride a road bike in the sand.
If you ride a $200 used beach bike with fat tires you will have a great time! The guy on the road bike will wonder why you are making it so easy.
It’s because you are using the right equipment for the environment. It’s not about how much money you spend, it’s about using the right tools. Make your life easier by using the best tools below.