Intraday Trading is also known as Day Trading. This is the system where you take a position on a stock, currency pair,commodity or index and release that position before the end of that day’s trading session, making a profit for yourself in that buy-sell or sell-buy exercise. This is done in one day.
All you need to predict is that the asset’s price will either rise or fall very sharply in the course of the day. You are not concerned about whether the market is going down or up. You are not concerned with market sentiments. You need to know that often, the rules applied to the normal type of trading may not apply for Intraday trading. In intraday trading the game is different, so are the rules. Usually, when you trade stocks the ways to conduct your analysis are either fundamental or technical, please note that these will do any good for the Intraday trading.
Not everyone can be a day trader, nor should everyone try it. It is important to know that if the idea of being in charge of your own business and your own trading account is exciting, then day trading might be a good career option for you. But still, do not forget that Day trading can be a great way to make money all on your own and it is also a great way to lose a ton of money, all on your own.
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.