To put it simply, day trading refers to the practice of buying and selling financial assets like stocks and commodities within a single trading day.
In order to successfully day trade, one needs a deep understanding of the market and the strategies used in this type of trading.
It is important to note that day trading here can be risky, and substantial financial losses can occur.
Nonetheless, careful planning and strategic maneuvering can lead to success in day trading.
Scalping is a commonly used strategy by day traders, aiming to benefit from minimal price changes.
Range trading is another strategy where traders buy at a low price range and sell at a high price range.
Trend trading is also a popular strategy where traders attempt to capture gains through the analysis of an asset's momentum in a particular direction.
To conclude, day trading can yield significant profits if one understands the market profoundly and knows how to apply different trading strategies.
Remember, day trading requires patience, planning, and a good understanding of financial risk.