Welcome to yet another section of Binary Tribune’s Forex school. With this guide we aim to provide a comprehensive view of one of the most popular trading styles – Day Trading. Our goal is to acquaint beginner and intermediate traders with the nature of day trading, its advantages and disadvantages, and also help them determine whether they are suitable to day trade or not. We hope that after you have read the following chapters, you will be one step closer to becoming a more accomplished trader, regardless of whether you have chosen to begin practicing day trading or only learned something new and useful.

In our day trading guide, we will familiarize you with the core concepts of this trading style, as well as the required personality traits and resources a day trader must possess, in order to be consistently profitable. We will discuss ways to secure, evaluate and optimize your performance, as well as point out the most significant long-term and short-term factors driving the Forex market.

For those beginners who still haven’t decided which crosses to trade, we have prepared detailed profiles of the major currencies, which make up almost all of the Forex market’s turnover. Last but not least, we will discuss some of the most popular day trading strategies, which in our opinion will allow you to achieve a decent level of return. We also include a few strategies, regarding more swing trading than day trading, as they exceed the generally accepted time frame of day trading.

Our primary objective is to continuously guide you through the process of improving your trading skills, and with the following content we hope to do just that. Even if you have already chosen another trading style, we believe that you will still be able to find new and useful information, so be our guest and read on.