Making trading decisions and developing a sound and effective trading strategy is an important foundation of trading. Traders use the term ‘day trading’ which means that they buy and sell stock within the same day. Day trades seek to make profit by making use of large amounts of cash so as to take advantage of price movements which in indexes or highly liquid stocks.
In this article we will look at some of the day trading strategies that are normally used by traders.
Entry Strategies
There are specific stocks that are ideal for day trading. Not all stocks and forex are suitable for day trading and a daily trader has to focus mainly on two things in a stock market which are volatility and liquidity.
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