Oh what's wrong with day trading? Everything is ok. During the day, the market is more volatile if you trade mostly European pairs. But of course, if you like Asian pairs more, it is preferable to trade at night. I also just like to sleep at night, so I prefer day trading. Lol
@WhiteWitcher I'm scared to imagine if you're not joking. I'm afraid I have no other choice.
@Claison I can confidently say that intraday trading is the most difficult type of trading. You have to take part in the current news calendar, global influential news, trading indicators and also do market analysis on several timeframes from 15 minutes to daily. This will give you the opportunity to fully assess the situation on the market and choose the right entry and exit points. Also, for day trading, it is extremely important to observe a clear time management due to the limited market activity associated with the activities of world markets, and also a day trader must have strong risk management, and technical analysis, which will allow controlling risk with high accuracy. This will allow to take the maximum profit and minimum risk.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
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