Broadly speaking, day trading involves purchasing and selling financial securities, such as stocks and commodities, all in a single day.
In order to successfully day trade, one needs a deep understanding of the market and the strategies used in this type of trading.
It is important to note that day trading can be risky, and substantial financial losses can occur.
Nevertheless, with careful planning and strategy, successful day trading is achievable.
One common strategy employed by day traders is scalping, where they take read more advantage of small price changes.
Range trading is another strategy where traders buy at a low price range and sell at a high price range.
Another prevalent strategy is trend trading, where traders try to gain profits by examining an asset's momentum towards a particular direction.
To conclude, day trading can yield significant profits if one understands the market profoundly and knows how to apply different trading strategies.
Remember, to successfully trade the day, one should be patient, strategic in planning, and must have a strong grasp of financial risk.