#DayTradingStrategy #DayTradingStrategy Day trading is the practice of opening and closing positions in currency pairs within a single trading day.
Day trading is not intended for those who engage in it part-time, as it requires time, focus, determination, and the right mindset. It involves making quick decisions and executing many trades with relatively small potential profits each time. It is generally considered the opposite of long-term investment strategies.*
As with any trading activity, the possibility of earning rewards is linked to the risk of potential losses. There is also no guarantee of stable and reliable profit in day trading, making effective risk management a necessity.
During day trading, the main focus is on factors that can influence market behavior throughout the day; as opposed to position trading, where the primary focus is on long-term market movements. Some key factors to consider before starting day trading
- market liquidity
- asset volatility
- trading volume of the asset