The opening and closing trades in a single day is termed as “Day Trading”. This is traded all around the clock because people used to work in other part of world even if people in some part are sleeping. There has been an enhancement in day trading due to internet connection that allows you to trade at the comfort of your home or any location across the world. Attention is always required in day trading with respect to every moment of a trade. Monitoring and tracking are crucial in day trading for traders to know each opportunity offered by the market.
Quick Cut of Losses–Always defend your capital from a margin call before planning to make a profit. The key rule is to stop your losses as soon as possible. You are allowed to wait only before the position gets open.
Firm Decisions – An important part in this market is to take firm decision to stop trading if you are facing losses. Never hope that market will reverse and fetch you profits. Hope is good quality for each one of you but can be your enemy in commodity markets.
Immediate Profit–A complex process should be divided into small parts and each one of those must be dealt separately. With this, you will be able to trade immediately in a profitable territory.
Do Not Wait for Wrongly Proven–You should leave immediately if the market does not prove you right as soon as you enter into a trade.
Founded in 2005, ABans Group has grown from being a trading house to a dynamic and diversified business group. We provide expertise in Broking Services, Merchant Banking, Non-Banking Financial Dealings, Jewellery manufacturing and Realty and Infrastructure. It is a comprehensive Financial Services and Solution Provider,which aims to provide an end-to-end financial solution to its clients.