What is day trading?

[kajalnigam]

It is likely that most retail traders are day market participants.

I guess...Yes!!

 

[Antho]

Day trading in forex involves the buying and selling of currency pairs within the same trading day, with the aim of profiting from short-term price fluctuations. I tend to do day trading with HFM because it is the only way how I can combine trading with my work routine. Day traders typically close out all positions before the market closes to avoid overnight exposure to market risks. This style of trading requires quick decision-making, technical analysis skills, and strict risk management.

Well said. Sounds like you've got a good routine with HFM!

 

[FXO_trader]

Well said. Sounds like you've got a good routine with HFM!

For day trading, it is very important to choose the right broker so that there is excellent execution, all trades are executed instantly and profits are quickly withdrawn. I trade at Fxopen, so a trader in his personal account has a separate balance account where he can immediately deposit profits and continue trading. It's convenient. If his broker has this feature, that's great.

 

[Antho]

For day trading, it is very important to choose the right broker so that there is excellent execution, all trades are executed instantly and profits are quickly withdrawn. I trade at Fxopen, so a trader in his personal account has a separate balance account where he can immediately deposit profits and continue trading. It's convenient. If his broker has this feature, that's great.

Absolutely! Instant execution and quick withdrawals are crucial for day trading.

 

[FXO_trader]

Absolutely! Instant execution and quick withdrawals are crucial for day trading.

You only understand this when you compare the trading conditions of brokers and see a huge difference. Some strategies can only work under good trading conditions

 

[Antho]

You only understand this when you compare the trading conditions of brokers and see a huge difference. Some strategies can only work under good trading conditions

Exactly, good trading conditions are essential for a strategy to work.

 

[FXO_trader]

Exactly, good trading conditions are essential for a strategy to work.

Especially if the trader uses a scalping strategy, important trading conditions are important. I was looking for a broker with the best execution, I am currently trading with fxopen and I like the instant execution. It is imperative to check trading conditions on a small deposit, and then make a decision on choosing a broker

 

[Antho]

Especially if the trader uses a scalping strategy, important trading conditions are important. I was looking for a broker with the best execution, I am currently trading with fxopen and I like the instant execution. It is imperative to check trading conditions on a small deposit, and then make a decision on choosing a broker

Great to hear you've found the one that works for you!

 

[FXO_trader]

Great to hear you've found the one that works for you!

What strategy are you using? Does the broker offer good conditions?

 

[Antho]

What strategy are you using? Does the broker offer good conditions?

I mostly use a combination of technical analysis and risk management strategies. And yes, my broker offers good conditions. I’ve been working with them for a long time, and their terms align well with my preferences.