Intraday Trading

[Raghu]

Hello to all members

As a fresher`s in the market should I go for intraday trading?
If yes than what are the advantages and disadvantages of doing intraday trading…


thanks form advanced

[Amit Jain]

Brother first thing about day trading is that it`s one of the most difficult trading where profits or losses values can be unlimited. In day trading the traders can take both long and short positions..i.e. they can buy and sell at higher rate or sell at higher and then buy at lower rate. This is bit confusing but means the same..In this way day trader can take profit in any market direction.

and at EOD the trader have to sqare off the position at what ever profit or loss the trader have. If in some case you are not able to square off your buying position at the EOD then next morning before 9:30 you have to transfer extra money to your account to carry the trade or the brokerage company will square off the position at whatever rate it is trading. If you are not able to square off your selling position at the EOD, then you are in big trouble.

[JoeMack]

Trading in an intraday basis offers several other key advantages. One advantage is the ability to use tight stop-loss orders—the act of raising a stop price to minimize losses from a long position so if you are willing to do this then can use FreshForex broker.