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Costs – The lower the fees and commission rates, the more viable day trading is. Active traders will be trading often – minimising these trading costs it vital. Regulatory compliance – Make sure your broker is regulated, ideally in Australia (ASIC). They will be legally obliged to protect your financial interests.

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Some of the key steps to becoming a day trader include: conducting a self-assessment, understanding securities and the market, arranging sufficient capital, setting up and integrating a trading ...

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