Introduction to Day-Trading
Day trading is the act of buying and selling financial-traded assets on the same day.
Crucial Issues When Trading Intraday
Day-trading seems promising, but in reality, day-traders are exposed to a significant number of market risks, and they are forced to pay a high transactional cost. Understanding technical analysis and using efficient money management and trading setups is the first step to successful day-trading. These are some important issues for all day-traders:
(1) Minimization of Trading Cost (Trading spreads and commissions)
(2) Implementation of a Trade Strategy {Compatible with your trading profile and risk appetite}
(3) Use of efficient Money Management {Risk/Reward, Stop-Loss, etc.}
(3) Effective Technical Analysis
(4) Trading Setups {Waiting until the market comes to your setup, and only then trade}