This is owing to the fact that it is mainly during the second or third hour of forex trading session that you get to see the real situation taking place in forex market. It thus helps to exercise control over your transactions and ensures that you do not face any shock.10, then also you will earn a profit of $500, which is quite good in comparison to the percentage of rise. It hardly takes any time to sell off your original share costing $30 at $30. Day traders keep an eye on the market and grab the opportunity as and when they get a chance to buy fairly cheap stocks and sell them off at high prices, then there is the possibility of earning enormous profits. I was always fascinated by forex trading but did not want to take risk, so I started with day trading and it fetched me real good returns and I did not even lose any money, because before there could have been fluctuations in the price, I used to sell off my stocks.
Some of the experienced day traders are of the view that early morning is not the right time to day trade, as you may get inappropriate signals
sliding bearing that can make you indulge in a wrong deal and suffer losses.
Day trading is perceived to be one of the safest as well as quickest means of making money. The risk was low but profits were significant.
. So, day trading truly worked for me.Day trading has emerged as a popular trend practiced all over, due to the fact that it can minimize forex trading losses to a significant level, if managed properly.10 and if you keep repeating this whole process, you can
high speed bearing earn considerable amount of profits.
This example must have made it clear to you as to why do most of the forex traders believe that day trading is the fastest way to earn money and that too without bearing any risk as such. Now if the share rises marginally up to $30.
To conclude, day trading is indeed effective in earning profits but just be careful. So, don't keep your stock with you for a longer period of time, sell it immediately.
Day Trading reduces the risk of overnight fluctuations in the value of stocks and is associated with the benefit of risk control.
Let us understand this with the help of an example. It is recommended to wait for at least 2nd hour of trading and only then you should think of opening your position. Imagine you bought near about 5000 shares with each share costing $30. Taking into consideration the volatility of forex market, day trading appears to be the best choice. In day trading, the stocks are bought and sold on the same day and thus there are not much of fluctuations and thus nothing to feel scared about. But, despite all facts, it is recommended that day traders should never hold their stocks for a very long period of time, because then there are chances of losing money. There are many day traders who have benefited a lot like me. In day trading, if you invest a huge capital, then rise by even a small percent can make a lot of difference
