Forex Day Trading
There's many different ways to trade. With the advent of the Internet Day Trading the number of people day trading is truly massive. There's businesses built on Day Trading that allow people with accounts of $25,000 in the Stock market day trade on their real time platforms in their office complexes.
Forex Day Trading is just as popular as stock trading and even more so because the way the FOREX market is setup to run 24 hours a day on a totally Digital Computer Platform.
When FOREX Day Trading the objective is to use the leverage FOREX trading platforms give you with a decent amount of money in your account to take advantage of very small changes in the market.
A 1% change when playing with say $10K can make you $100 in seconds. Do this the entire day and the money can add up extremely fast, assuming of course you have a large win ratio. It is said 95% of day traders lose money, while this may be true there's 5% that are making 95% of the money these people are losing, meaning there are definitly people getting rich Day Trading FOREX.
FOREX in my opinion is really meant to be a short term buys/sells. Why? The Volatility is absolutely amazing in the FOREX Market. There is such a large amount of transactions going on at any given time it's truly amazing which leads to the massive up and down swings you will see in a yearly chart.
FOREX Day Trading can be profitable, is not for the feint of heart and not for the newbie novice trader. Before attempting to Day Trade I highly recommend you practice with Demo accounts, stick to your strategy and don't let emotions control your trades.