Ask Leo:How Controversial Is Day Trading?

A day trading is a process whereby traders buy and sell asset within a day in order to make profit from the quick fluctuations in the assets price.

Day trading apply varieties of strategies and the traders are often inform by the technical analysis of price movement which demand self discipline and objectivity.

The possibility returns of day trading can not agitated because the Internet fraudsters and scammers have tempt some amateur day trader into pit of their doom by offering heavy returns for just a short period of time.

Some traders venture into day trading without having the basic knowledge it require to do that. But there are still some trader who are making a living From day trading even though it is risky.

Many skillful fund manager and financial consultant back down from day trading, they debate that the day trading reward does not justify the amount of risk involved. Additionally many financial specialist and the economist argue that active trading plan of any kind are tend to collapse more basic passive index strategy over the time when the charges and taxes are account for.

Profiting from day trading is not impossible, though the rate of success is low because of the risk attached and the considerable skill that it requires. The power of good timing and luck can not be underrate in day trading because there are some day trader that are living successfully through it. But we have to accept that even the experience day trader can be at risk of bad luck and being drag to the mud.

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