What is day trading?

Day traders are active traders who execute intraday strategies to profit off of price changes for a given asset. Day trading employs a wide variety of techniques and strategies to capitalize on perceived market inefficiencies. Day trading is often characterized by technical analysis and requires a high degree of self-discipline and objectivity.

What is intra-day trading?

Day traders buy and sell multiple assets within the same day, or even multiple times within a day, to take advantage of small market movements. Intra-day trading is not for the part timer as it takes time, focus, dedication and a specific mindset.

What does it take to be a day trader?

Day Trading for a Living. Day trading demands access to some of the most complex financial services and instruments in the marketplace. Day traders require: Access to the Trading Desk: This is usually reserved for traders working for larger institutions or those who manage large amounts of money.

How do I choose a market to day trade?

Day trading is often associated with markets that have fixed closes, although in reality you can be a day trader and still trade markets that are open for 24 hours (or almost 24 hours). Ultimately choosing a market to day trade comes down to what you are interested in, what you can afford and how much time you want to spend trading.