What is Intraday Trading || Best Setup for day trading | Trade on Money | Blog 51

What is Intraday Trading || Day trading || Best Setup for day trading Intraday trading : also known as day trading, is a trading style where traders buy and sell financial instruments within the same trading day, with the goal of making profits from short-term price movements. As for the best setup for day trading, it largely depends on the trader's personal preference, trading style, and the financial instrument they trade. However, some general tips for setting up a successful day trading setup include: Reliable and fast internet connection: Day traders need to be able to quickly react to price movements, and a slow internet connection can cause delays and missed opportunities. Trading software: Day traders need a reliable and user-friendly trading platform to place trades, track positions, and analyze market data. Many brokers offer their own trading platforms, but there are also third-party platforms that traders can use. Real-time data: Day traders need access to ...