Another short-term trading style is the Day Trading. However, unlike scalping, you usually only take one trade per day and ending it when the day is over. These kind of traders like selecting a side at the beginning of the day, making a move on their favorite, and then ending the day with either a profit or a loss. These traders don’t like keeping their trades overnight.
Day tradings are appropriate for forex traders who have sufficient time during the day to study, perform, and observe a trade. If you feel scalping is too fast and that swing trading is a little slow for your type, then day trading might be the perfect one for you.
You are a forex day trader if:
If you like starting and ending a trade within one day.
If you have time to study the markets at the start of the day and can monitor it during the day.
You are eager to know if you won or lost at the end of the day.
You are not a forex day trader if:
If you like longer or shorter term trading.
You do not have time to study the markets and cannot monitor it during the day.
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