trading day

Day trading, a widely adopted trading approach in financial markets, entails the swift buying and selling of financial instruments within the same trading day. Its core objective is to exploit short-term price fluctuations, thereby aiming to secure gains from intraday price movements. Day trading allures traders with the promise of rapid profits and the flexibility to generate income without holding positions overnight, thereby sidestepping risks associated with overnight gaps.

Interest in day trading is on the rise as individuals seek opportunities to generate income online. Consequently, the number of people entering the realm of day trading has surged significantly in recent years, with some famous trading-centric platforms amassing over 12 million users.

The world of financial markets operates on a relentless schedule, with most stock exchanges adhering to a standard trading day that runs from 9:30 AM to 4:00 PM Eastern Time in the United States. However, the realm of extended hours trading exists as a fascinating parallel universe for traders seeking opportunities when the primary exchanges have closed their doors. In this article, we explore what extended hours trading entails and why it matters.

The schedule of forex trading sessions allows the trader to determine the best time to start working. During different sessions, the volatility of assets changes: increases or decreases. The highest trading volume is observed when different platforms and exchanges in different geographical zones work simultaneously. Traders track the chart with the help of the indicator of trading sessions - a special tool of technical analysis.

The psychology of trading is one of the cornerstones of success, ignoring it can lead to disaster. For example, Nick Leeson single-handedly bankrupted the 200-year-old Barings Bank (where even Queen Elizabeth II kept her savings, she lost 2 million pounds), and the inability to control emotions in trading led to such a disaster. Psychology in trading is important for everyone without exception – both for a beginner with a couple of hundred dollars and for a pro with a million-dollar deposit.