At one time, day traders were only permitted to trade within the “pit” located on the floor of the stock exchange. In those days the stock prices would be indicated by ticker tape which was then shown on a screen in the exchange but now, stock prices appear online and so can be viewed from anywhere. Following this it did not take too long before software was developed that would allow day traders to trade via their computers, providing those computers had the relevant software downloaded onto them. With this ability to trade anywhere and also to see different stock prices online, it also meant that traders could also trade globally. Although, at least at first, global investing did not spark much interest among the day traders; that is now a trend that is changing as many investors add global stocks to their port folios. Investing globally was at first considered too much of a risk and so investors preferred to trade in markets which they knew more about but, it soon became clear that global trading could also, in certain circumstances, also provide large profits and those profits could come at a time when the local market was on a down trend. It therefore started to make sense that traders should also trade at least some investments in the global markets to provide a steadier base for the investments as a whole.
Most of the day trader’s work for employers and those employers are the big investors and so the traders are operating under strict instructions from their employers most of the time. If a trader is successful though, their employer can be very generous, allowing a trader to save enough to start trading their own investments. If the trader then continues to be successful they can leave the employ of their employer to just trade their own investments and if this happens, the trader has an opportunity to join other traders that lead somewhat of an adventurous lifestyle, travelling the world whilst making their trades via the internet. This is a lifestyle that is envied by many as those adventurous traders have the opportunity to see some of the world’s greatest sights and do not even have to take a vacation to do so. These travelling or wandering day traders though, have to keep trading successfully to maintain their somewhat idyllic lifestyle and they must also ensure that where ever they decide to go next, it has a reasonable internet service so they can continue trading via their software and computers. If a travelling trader is trading in global stocks, it is even possible that they go to the country where some of their stocks are located and see any potential problems for themselves. Most of these travelling traders like to keep in touch with each other to see what strategies may be trending and to do this they often go to a website known as the trading academy. On the academy website traders, from all over the world, exchange views and experiences.