DAY TRADING
Who said you need many years hustling to make millions?
Who said you need Hugh bucks to be successful in the Forex trading market?
Who said you need robots or magic to get those millions?
Probably you may get the right answer from day traders, they know it better that within few hours of the day you can have few bucks in your pocket, and the money that many people earn annually with top work position is what they do within minutes.
Day traders don’t mind how many trading position they open in a day because their concentration is to make profit before every day ends or before the market closes.
Day trading is one of the trading strategies that excite many Forex traders because you always know your trading outcomes of everyday, meaning before every market closes you should know how much money you have made or lost.
The majority of people who do this type of trading they end up making a lot of money because it is very easy to study and predict the market on a daily basis than studying the market on the long run.
WHAT IS DAY TRADING?
Day trading is the process of buying and selling different markets product like currencies, options, indices, energy and agricultural commodities in the same day or before the markets ends. Day traders have to make sure that they close all their open positions before the market closes, should they fail to close their open position in the particular day then the trade is no longer considered as a day trade.
WHO IS A DAY TRADER?
Day traders are all market participants like individual, financial companies, banks, government financial institutions, investors and other interested people in the market who open their trading positions on a daily basis.
Day traders are so aggressive in the market, they need money very urgent and they always go with the product that will be having more volatility during the day, what I’m saying is that they need action in the market; they don’t need a quiet day. Should day traders find it out that the market will lack volatility during the day they will then not trade during that particular day, they will hold their horses for the next day.
DAY TRADING AND LEVERAGE
Day traders are always willing to borrow money from their brokers in order to make more profit in the market, this borrowings is known as margin trading or leverage trading. Day traders are unique trades, they don’t aim at many pips movement to make profit, and with few pips they can guarantee you that they have made enough for the day and that is why their success rate is so high.
WHAT IS THE RISK ASSOCIATED WITH DAY TRADING?
Most day traders who trade without knowledge suffer huge loss of what they put in the market because they abuse the use of leverage, remember that the aggressive you are in the market then the better you stand vice versa, the aggressive you are then the harder you will fall. Here are few risk involved with day trading.
Too much daily commitment
Loss of more money due to margin trading
Sleeping late at night
Paying many spreads
