John James219_ O’Neil

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What is day trading in forex?

Day trading involves opening and closing all trades within the same day, avoiding overnight risk. Traders use intraday charts (1-minute to 15-minute) to exploit short-term moves. Tools include VWAP, moving averages, and momentum indicators. The advantage is avoiding overnight gaps and frequent opportunities. However, day trading demands discipline, fast decision-making, and the ability to manage stress. Transaction costs and spreads also add up, reducing profitability for unskilled traders. Successful day traders use strict risk management, limit daily losses, and maintain consistency. It is a high-effort style but popular among full-time traders.