What Is Day Trading?
Day trading is the buying and selling of securities in the same day to attempt to profit on small moves in the market.
Day trading occurs when a traded instrument, such as stocks or currencies, is traded within a single trading day, a practice made easier for retail traders at the dawn of the internet era. By focusing on price momentum and technical patterns, day traders can hold positions from a few seconds to most of the trading day. Day trading strategies often employ setting stops and limits on each trade to minimise risk. Likewise, day traders often use leverage to take a larger position in the market than their capital allows, which can significantly increase losses as well as profits. Day traders can use multiple strategies including scalping, range trading, news trading and others.
Senior Market Specialist
Russell Shor (MSTA, CFTe, MFTA) is a Senior Market Specialist at FXCM. He joined the firm in October 2017 and has an Honours Degree in Economics from the University of South Africa and holds the coveted Certified Financial Technician and Master of Financial Technical Analysis qualifications from the International Federation…