Financial Instruments to Trade – Day Trading Lingo of the Day
What do the world of music and the world of day trading have in common (besides relentless practice and repetition needed to succeed in both)?
Instruments!
We all know what musical instruments are all about. So what in the world are instruments in the trading circles?
It’s what you trade!
Types of Financial Instruments to Trade
There are tons of different things you can trade, and they are called instruments.
For example, my instrument is the ES Mini Futures (which is the S&P 500 index).
Here are a few others:
FX currencies – this arena alone has several dozens instruments such as the US dollar, Euro, Japan Yen, etc…
Indices – Russell 2000, Dow, S&P 500, NASDAQ, etc…
Commodities: Crude, Precious Medals, wheat, soy, sugar, etc…
All these are instruments that can be traded individually. Just like in music, you have different instruments to play on.
Related Read: Day Trading Terms And Definitions
Day Trading Basics
If you want to learn more about my journey and how I started day trading you can read it here or you can watch on my YouTube channel.
Let`s get to know each other. You can learn more about my journey and how I started here.
After that, if you have any questions you can always ask me at traderchick.com. Come to my Facebook group and introduce yourself, let me know your experience with trading.
Are you ready to go beyond basics, learn day trading and start your dream life – check out MY Courses
Happy Trading!!!
