What is day trading and price action?
Day trading in CFDs is a strategy where you buy and sell CFDs within the same day. The goal is to cash in on short-term price movements in underlying instruments and close out all positions before the market closes so that no positions are held overnight.
Price action is a method of analysing a market by only looking at the movement of the price over time, rather than using other methods like news reports or complex maths.
It can provide a useful indicator of where a market may be moving next. This is especially useful when it comes to the fast-paced nature of day trading.
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