Daily trades are for traders who prefer to open and close all their positions within the same trading day. This style demands quick decision-making and market analysis but is generally less intense than scalping. It’s ideal for those who want to capitalize on short-term market opportunities without holding positions overnight.
Advantages:
- No need to hold trades overnight, reducing risk exposure.
- Access to multiple trading opportunities in a single day.
- Compatible with both technical and fundamental strategies.
- Best suited for highly liquid markets like forex and stocks.
Disadvantages:
- Requires a significant time commitment for monitoring.
- Can be stressful due to the need for rapid decision-making.
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