Day trading

Day trading is not just a trading style, it also defines the amount of time you have dedicated for forex trading. More often than not, day traders are full-time traders. Simply put, it is another form of short term trading where you make one or two trades a day (not too many) and close your trade before your trading day ends. This is good for traders who don't want to hold a position overnight since market conditions could change while they are sleeping.

Day trading is best suited if you

1. Have enough time to monitor your trade throughout the day.
2. Can watch for fundamental news throughout the day, since it could determine price direction.

There are many styles of trade you can participate as a day trader; ranging from scalping to position, trend swing trading and a whole lot more.

Forex Educational Articles & News

Top 5 factors that affect exchange rates ...

There are many factors that affect exchange rates of currencies. However some are more important in currency trading than others. These are; Interest and Inflation rates, Trade balance, Currency market speculation, Foreign investment and Central bank market intervention. Learn how to use these factors in your forex tra ...

Forex Navigation