If you want to know how to day trade for a living and be successful, there are three M's, that successful trading is based on: Mind, Method, and Money.

Psychology of trading is something that is very difficult for the beginner trader to understand. They believe that you can enter the market and instantly make money.

Many people seem to start off really strong when they decide to be a trader but then quit when things do not happen fast enough for them.

Then there are those who begin slowly and carefully, but as soon as they experience losses, they become afraid.

Would you like to know how to day trade and be successful??

Set yourself a daily target, and when you achieve that, either in pips, points, or a set dollar amount, you stop trading for the day. The same can be done with losses. If you lose a set amount of dollars, points or pips, then stop trading for the day.

If you just keep going, this could leave to frustration and larger losses. If you are in profit and you keep going, you could very easily increase you losses. You really need to be strong enough to adhere to your plan, as this could determine whether you will be a success in the long term or a failure.

Another how to trade tip: 

Learn to read price action.

Traders, who survive the markets, use price action and rarely use indicators. Indicators can be misleading because of constant false signals, but if you really want to use 1-2 indicators as well as trading with price action, that could be useful.

Some very useful information to study would be:

Support and resistance, inside bars/candles, pin bars/candles and Fibonacci retracements.

Try and keep your trading simple. Concentrate on the above four methods of reading price and don't overload yourself with information. Once you start recognizing patterns, you will find it very exciting, and you really don’t need any more that this to trade successfully.

Learning to read price action would be the most worthwhile activity, as part of being profitable is knowing your market well.

Plot your support and resistance areas, draw in trend lines and fib levels and wait for the market to come to you. It is advisable to use 4-hourly charts or even daily charts for the bigger picture, and advanced warnings can be found on the 1 hour charts.

When the market approaches your plotted lines, this is when you would watch what the candles are doing. 

The trader who wants to win in this game has to learn to wait on the sidelines until he/she sees an advantage.

There are many seminars, books, courses and internet tutorials that can teach you everything you need to know in order to succeed. One of the best day trading systems can be seen at http://day-online-trading.com - if you want a modestly priced day trading course, then this would be an excellent choice. You will receive three months free forex signals, with explanations for each trade signal, to help you learn how to read the market, also a free course on money management, and experience incredible after sales support.