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RE: What Are The Best Strategies For Day Trading?

in #forex5 years ago

But beware, there are not only advantages to using this technique. Like all others, it has a number of drawbacks, which are important to consider. For example, since a day trader makes more trades than a traditional forex trader, he will also pay more spreads (the difference between the purchase and sale price you pay your forex broker). If your broker practices variable spreads, the transaction can quickly turn to your disadvantage.
Another drawback is the nervousness and fatigue generated by the use of this technique. The day trader must be constantly on the lookout, to spot interesting trading opportunities. Moreover, the incessant opening and closing can quickly become dizzying for the uninitiated. That is why it's important to take proper forex training.