The New and Rapidly Growing Profession Across America
Over the past few years day traders have increased in numbers exponentially. The primary causes of this increase are fast and reliable Internet access and significant changes at the U.S. stock exchanges. With the advent of fast telephone line modems, DSL and cable modems the day trader has reliable access to the on-line brokerage community as well as real time quote services. This access makes it possible for one to trade the various stock markets on a daily basis. With order executions taking less than five seconds the individual day trader can play the markets with nearly the precision of the Wall Street professionals. Just as important, the changes that have been instituted at the NYSE and NASDAQ, in response to individual investor concerns, offer the day trader a level playing field. By ensuring fair and equitable order processing and offering pricing in decimal’s, the individual day trader has the opportunity to take full advantage of all the U.S. stock markets have to offer.
Over the past few years, the lobby power of the day trader has grown and is being heard on Wall Street as well as in Washington. By moving to a decimal system, the day trader can take advantage of a much more liquid market pricing system. This is all due to the lobby of the small investor. As the number of day traders increases, the power of our lobby grows.