Do you like the thrill of seeing your money grow daily? Then give day trading a serious thought, as it can make money quickly. But before you jump into the boat learn how to ride the boat and also how to swim - you never know when you might need it.

This article discusses some effective tips for a prospective day trader.

Let us first understand what day trading is. What a day trader does is he restricts his investments to a day. This means that whatever he buys on the day he sells on the same day.