What is Day Trading? Day trading by Octagontrade is nothing more than the process of buying or selling an asset – whether it is a security, a stock, a precious metal or a crypto. exchange. The full name of the game can be summed up as: buy low, sell high. The “day” aspect of day trading is used to show the short term nature of this technique.
This is in direct contrast to the popular HODL, or “wait for dear life” meme, in which you decide to buy a given cryptocurrency and keep it safe for potential long-term, long-term, and long-term growth. long term.
Day trading is all about entering the market, taking a position, keeping an eye on that position, and then exiting with a profit. We are talking about times that last only a few minutes in arbitration until the end of the day.
It should also be noted that some so-called day traders hold certain positions for weeks or even months, depending on certain security objectives. For our purposes, it is still “day trading”.
It sounds pretty straightforward. After all, isn’t the goal of almost all types of financial activity to make a profit?
Benefits of day trading
Placing trade after trade throughout the day, actively monitoring every move in the market, and making money quickly are exciting aspects of day trading. You can enter and exit an operation in 5 to 15 minutes. If successful, seeing that you’ve won hundreds of dollars in just a few minutes can provide an adrenaline rush like no other.
Day trading can also give you better leverage than holding positions overnight. Day trading stocks can provide you with 4: 1 leverage as long as they meet certain criteria.
Day trading also gives you another kind of leverage because you trade so often that you can use the same capital in your account to trade many trades over a short period of time.
OctagonTrade was created by people like you – with enthusiasm and passion to enter the financial market. With a lot of expertise in different fields such as technology, high frequency trading, market analyst and specialist, mathematician, data analyst and more. Bring you the most updated technology on the financial market, a dedicated and personalized service to each of our valued customers. Become a member of Octagon Trade today and be part of our success for a strong financial future.