To the casual observer – a senior who may be looking at a chart – day trading may appear to be easy. Trading price charts show areas of trending price movement whereby an inexperienced senior may say to him/herself “if I bought here and sold there, I would have made a good amount of money”. That is typical, but it is not as simple as it appears. Many unsuspecting newbies have found this out to their detriment.

Senior Citizens Can Learn How To Trade

That does not imply that seniors cannot make money day trading. Profitable day trading is certainly do-able for seniors, but there is a learning curve that needs to be mastered. Trading is a skill that doesn’t come easily to most people, contrary to the uninformed, who may consider it a simple task. Truth be told, learning how to trade requires a significant amount of education but nevertheless it is a skill that is essential to any senior citizen who wants to make money through day trading. Actually it is a skill like any other, requiring education, discipline, and practice.

Can senior citizens make money day trading by simply opening a trading account and placing trades? The answer is most definitely NO. But can senior citizens make money day trading after taking a trading course and then practicing every day until they become proficient?  The answer is a qualified YES, especially if they take the time to learn and don’t start trading before they are really ready. The key word is “qualified”.

Day Trading Lesson For Seniors

The overwhelming evidence is that seniors do not take the time to learn and then spend many months practicing to master the skill. They begin trading with real money  – with the consequence that their trading is inconsistent and they eventually lose money. It does not have to be like this, as senior citizens who purchase a day trading course to acquire a good education in day trading, and then practice to master the skills they learned, can do quite well.

Is day-trading risky? Yes, but like any other business, risk is always a concern. Skeptics like to point out that day traders on average are not successful, but the degree of success can be compared to that of most other businesses. That is to say, most businesses fail, and for a variety of reasons, most day traders fail. But like other businesses who succeed, day trading can be extremely successful.

Free Day Trading Course For Seniors

Many day trading courses are expensive, some prohibitively so. Some day trading courses are reasonably priced. But for most senior citizens who want to begin learning how to day trade, they can start their education at no cost by subscribing to the free course offered by Timeless Dollar. By subscribing to the free course, senior citizens can learn the basics, starting with the knowledge of how to avoid mistakes that most new traders make and that can be avoided.