Day traders can trade a variety of different products from various markets trading stocks, options, futures, forex currencies etc. But apart from these traditional products there are many derivates of these products are also available. Below is a brief summery of various types of products available for day trading.
- Option features for owning/selling a features contract.
- Stock options for owning/selling underlying stocks of companies.
- Currency features for all major currencies like Euro, Pound, etc.
- Stock features that are based on stock market indexes.
- Commodity features which are available for many energy, agricultural and metal commodities.
In United States, because of restrictions placed by SEC, the day trading of stocks can only be done by traders who have deposited at least $25,000 on their accounts. According to these rules a trader who completes four or more traders within 5 business days is considered as a day trader; he/she must fulfill the above condition, other ways banned from trading for 90 days.
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