Become Wealthy With Day Trading

DAY TRADING IS A WAY ONE CAN BECOME WEALTHY. In the opinion of Markus Heitkoetter, author of the international bestselling book The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach day trading is the "perfect way to become wealthy." Three of the ten reasons why were as follows:

The time required is minimal
With day trading, you can trade either part-time or full-time. You can start trading for as little as one hour per week, or you can go for the maximum of 2 hours per day. Trading is done at the Philippine Stock Exchange (PSE) trading floor during weekdays from 9:30 a.m to 12:10 p.m. except during legal and special public holidays.

Low capital requirement
In trading, you can start with as little as 3,000 pesos. If you bought 10 shares of Ayala Corporation stock on 11 May 2009, it would have cost you a total of 2,515 pesos inclusive of fees and taxes, with BPI Trade for your online broker.

Low transaction cost
For stock transactions, BPITrade charges a commission of 0.25% on the gross value of each trade, or a minimum commission of 20 pesos. A Value-Added Tax (VAT) of 12% is levied on the commission charge.

• For both buy and sell transactions, a PSE Fee of 0.00012 peso for every 1.00 peso gross value traded, and a SCCP (Securities Clearing Corp. of the Philippines) Fee of 0.00011 peso for every 1.00 peso gross value traded is charged.


• For sell transactions, a Sales Tax of 0.5% of the gross value traded is charged.


• For buy transactions, a Documentary Stamp Tax will be charged beginning March 20, 2009 computed as follows: [(No. of Shares * Par Value)/200 pesos]*0.75.


• All fees and charges are for your account.

This website shall be updated with information about our progress in terms of learning and implementing the key concepts relevant to day trading .