Web Trader MT5
A day trader is a person who buys and sells financial instruments in the same trading session and closes all positions before the market closes at the end of the day. No exposure in the night; no waking in the morning to realize that a position has moved against them at night. The appeal is control; all is decided in a set period of time.
The fact is that day trading is really challenging. The majority of retail day traders trade against professional desks, high-frequency algorithms, and other short-term participants with a strong advantage in speed, data, and experience.
The margins are already slim when dealing in short-term trades, and making good decisions under the pressure of live markets, again and again, is not as easy as it might appear on the outside.
It has been proven time and again that most retail day traders end up losing money in the long term. Successful ones are very disciplined, highly specialized in a limited number of instruments, and are merciless in cutting losses.
Example: A day trader will trade only two or three currency pairs during the London-New York overlap session every morning. Their strategy is defined, they have a strict limit on the number of losses per day, and the rule that they close the platform and leave is defined. Such a structure makes the difference between the ones that last and the ones that don’t.
