#DayTradingStrategy Effective trading depends on clearly defined strategies. One popular method is trend following, where traders aim to profit by identifying and following the market's direction. This involves analyzing charts to look for continuous upward or downward trends and executing corresponding trades.

Another popular strategy is scalping, which focuses on making small profits from minor price fluctuations. Scalpers execute many quick trades throughout the day, often holding positions for just a few minutes or even seconds. This requires the ability to make quick decisions and execute accurately.