Beginner’s approach to choosing how to day trade:
First, decide what product you want to trade. Derivatives, such as CFDs and spread bets, allow you to day trade without owning the underlying asset, which can be ideal for you as a beginner. You can close or open positions much faster, plus you can speculate on whether market prices rise or fall.
Think about your markets, too. #Binance offers day trading forex, stocks, indices and a number of other financial instruments for you to choose from.
Next, decide on a day trading plan. Decide exactly what you hope to achieve. Be realistic about any goals you set for yourself. Day trading has a steep learning curve. A demo account at Markets.com can help you practice day trading without committing any capital, but be careful if you expect to make a lot of money right away when trading live with real money. You may be disappointed.
