👩🏼ALL YOU WANTED TO KNOW ABOUT DAY TRADING👩🏼

🙋🏻‍♀️WHAT IS DAY TRADING:
Day trading is a short-term style of trading that aims to capitalize on intraday price movements. By definition, a day trader may make many trades within a day, but will close their positions before it ends. The goal is to lock in quick profits from price fluctuations during the day. In doing this, day traders avoid the risk of holding market positions overnight and they also don’t have to pay any interest on the margin they use.

🙆🏻‍♀️MORE RISKS?
Intraday trading is riskier than investing in the regular market. It is important, especially for beginners, to understand the basics of such trading to avoid losses. Individuals are advised to invest only the amount they can afford to lose without facing financial difficulties.

🧏🏼‍♀️RISK MANAGEMENT:
Traders must not risk over two per cent of their total trading capital on a single trade to ensure the right risk management.

💆🏼‍♀️PICK YOUR MARKET:
To succeed as a day trader, it is important to know how to pick markets for intraday trading. Often people are unable to make profits because they fail to select appropriate stocks to trade during the day. Choosing the right stocks to book profits is an art that you will learn with experience.

🙅🏻‍♀️WHAT TO EXPECT:
The studies that have been made on the success rate of day traders are sobering. Evidence suggests that the majority of day traders fail, so it would be fair to say that for the majority it is not worth it. For the few that succeed and can endure the rigors of day trading, it can prove to be worth it, at least in financial terms.

🌺Hope u like my article. Please let me know what trading style YOU prefer💋

Love, Anabel❤️

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