Introduction to day trading
You will learn about the following concepts
- What is day trading
- Suitable and unsuitable personality types for day trading
- Regulatory framework
- Money management and strategy evaluation
- Long- and short-term factors driving the forex market
Welcome to the first part of your day trading learning experience. In the following articles, you will learn the core concepts of day trading, which resources you must have at your disposal, and whether your personality traits are suitable for it. We will also discuss money management, back-testing day trading strategies with appropriate software, and using demo accounts to obtain sufficient smoothed statistical data.
The section will also cover several methods of evaluating a strategy’s performance based on gathered historical data, as well as determining the most important long- and short-term factors driving the foreign exchange market. Let us begin!