The act of buying and selling a financial asset on the same day, or numerous times throughout the day, is known as day trading. If done correctly, taking advantage of modest price movements can be a rewarding game. However, it can be as risky as juggling glass balls for beginners who do not follow a well-thought-out plan.    However, not all brokers are suitable for day traders’ high volume of trades. Several brokerage firms; are dedicatedly made for this day trading.   What is the definition of a day trader? A day trader is a sort of trader who makes a large number of short and long deals to profit from intraday market price movement. Benefiting from very short-term price changes is the goal. Day traders can use leverage to boost their profits, but it can also enhance their losses.    Day traders use a variety of tactics! But the price action they seek is the product of temporary supply and demand inefficiencies generated by asset purchases and sales. Positions are typically kept for milliseconds to hours before being closed out before the end of the day, ensuring that no risk is held after hours or overnight.   Fido Markets […] read more