Keep Day Trading Simple
I’ve always day traded Forex. I have never played with real money when it comes to day trading crypto and for good reason.
I do invest in Bitcoin. Every week I will buy between £10/£30 worth of it. I hold this or set and forget about it.
I cannot stress enough the importance of understanding that you should only ever trade with what you can afford to lose because you can lose it all in an instant. Especially when you day trade Bitcoin.
High Liquidity and Tight Spreads
Forex is the most liquid market in the world, with a daily trading volume exceeding almost $8 trillion. This level of liquidity ensures that you can enter and exit positions quickly without experiencing significant price slippage. In contrast, stocks and commodities often have lower trading volumes, leading to wider bid-ask spreads and increased transaction costs. Tight spreads in major currency pairs, such as EUR/USD or GBP/USD, make Forex trading more cost-effective than stocks, where spreads will eat in to your profits.
24/5 Market with No Overnight Gaps
One of Forex’s biggest advantages is its continuous trading hours. Unlike stock markets that are limited to specific trading sessions…