How To Day Trade the Forex Market?

[moonchild]

Day trading is not an easy task it involves a lot of ups and downs and if you're the emotional type you might end up getting emotional everyday and blow your account or accumulate losses that will be very hard t get out of, to be a day trader you'll have to have an account balance you start with, for example a $1000 account.

You also have to learn how to trade most traders that trade daily are scalpers and they take position in and out of the market everyday, so you should learn how to take a trade quickly and spot an opportunity to take advantage of

Lastly, you'll have to learn how to manage risk if you're not a risk manager you can't be able to stay long in the market and you should know that you ability to manage risk is what will keep you in the market.

 

[FinTrader]

To trade profitably, you first need a trading strategy. Only it can streamline your actions to find points of entry into and exit from the market for timely fixation of profit. But you need to have patience and endurance to wait for all the conditions from your strategy for such profitable entries and not to be greedy.