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.
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.