What is Day trading?

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Day trading, one of the most widely recognized active trading strategies, is often mistakenly associated with all active trading. However, day trading specifically involves opening and closing positions within the same day. Day traders seek to capitalize on intraday price movements—price changes occurring within a single trading day.

The term “day trading” originated from traditional markets with set trading hours, preventing day traders from holding positions overnight. In the context of digital currency, where trading platforms operate 24/7, day trading refers to a short-term style where traders enter and exit positions within 24 hours.

Day traders in the cryptocurrency space typically rely on price action and technical analysis for trade decisions. They may also employ various techniques to identify market inefficiencies.

While day trading can be profitable, it is known for its high stress, demands, and associated risks. Therefore, it is generally recommended for more experienced traders.

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