Howdy traders, day trading is a good option, trade during the day. But you must have the correct strategy and research otherwise you may falter and lose money.
Daytrading is a great trading style since it offers outstanding flexibility like any other trading style. Daytrader starts each day without any positions, so it is easy for him to benefit from the most promising trading opportunities or stay out of the markets if something seems uncertain. Daytraders usually have highest returns on theit inverstment accounts. Choosing a right strategy - one of the most important elements of daytrading. Each strategy for daytrading should include well developed technical part - in daytrading it is much more important than in swing/mid-term trading. In fact, the result of each trade mostly depends on choosing the right entry point and also the right moment to close the position. All these elements should be described in the rules of trading system. To check the performance of the system in advance, trader could backtest it on historical data using special software like Forex Tester. Backtesting allows trader to get a detailed information on the most important elements, such as risk reward ratio, win rate, maximum drawdown and other. Using this information trader could find ways to improve the strategy by reducing risk or increasing its profit potential.
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
