Intraday trading or Day trading means you have to buy or sell the securities by the end of the day or before the market session closes. It demands a lot of experience and knowledge of several factors that affect your gains or losses.

On the other hand, it is a way for people with less time to bag more profits. The day traders are interested in short-term price movements rather than the long-term benefits.

The stock market is constantly fluctuating, and trends change by the minute. Therefore, one moment can be profitable, and the other can spell doomsday.

However, suppose one can keep up with all the relevant updates, use correct strategies, and experiment with trends. In that case, it is possible to garner more profits, avoid losses, and become a trader of repute.

Having said that, there is no guarantee that you will have zero losses. It is said there isn’t a single trader who has not lost his/her money in the market. The market is unpredictable and will remain so; sometimes, even the best strategies fail to work.

However, like life’s lessons, the one thing we can do is give our best. As a trader, follow certain strategies, utilise references and use information, knowledge, and resources wisely. Let’s look at some factors that can help you become a better trader.

Real-time market data and news
The market is constantly changing in intraday trading, and one needs to be updated about the same. The latest information on the market can be used and leveraged to make profits. Real-time market data and news help identify the stock trends and make better predictions.

This helps you understand where to put your money. Due to the impact and significance of such information, traders spend considerable money to get access to these updates.

Electronic Communication Network (ECN)
An electronic communication network (ECN) is a computerised system that automatically matches buy and sell orders for securities in the market. ECN trading is helpful when traders in different geographic areas want to complete a secure transaction without the help of a third party.

ECN matches the buy and sell orders between institutional and individual market participants. It also showcases the best available bid and ask quotes, which help traders make the best deal.

Securities price charts
Price charts play a vital role in the analysis of investments and securities. This is one of the most commonly used forms of analysis for intraday trading. Candlestick charts are the most preferred type of charts in the case of traders.

Candlestick charts help traders determine the possible price movement based on previous patterns. They are known to be resourceful as they display four price points such as, open, close, high, and low, for the period specified by the trader.

Key Parameters
The essentials for day trading are key parameters such as volatility, trading volume, and liquidity. Volatility provides traders with additional opportunities to make profits from short-term price changes. The trading volume helps identify the number of times a security is bought or sold. This helps in finding the interest in securities. Liquidity is a factor affecting the bid-ask spreads. Low bid-ask spreads are important for intraday trading success as it helps in minimising transaction costs.

Day Trading Strategies
Traders around the world use several strategies and techniques to make a successful trade. These strategies are used to get clarity, find new opportunities, minimise risk, and so on. However, a few basic ones have proven to be helpful for daily traders. These include scalping, momentum, and contrarian trading.

Scalping involves immediately closing a trade once it has shown a small profit. Momentum means acting on the acceleration of a price trend. This usually happens when there is breaking news or a leak. Contrarian strategy is used by a day trader who trades based on signs of an impending reversal in price direction.

These are just a few of the widely used resources by day traders. However, when dealing in the stock market, your best and most important resource is your time. The best way to make profits and minimise losses is to use your time wisely to make wise decisions.

To help you in this trading journey, it pays to have a guide who keeps you on the right path. 5paisa is an online trading platform for experienced and new traders. The platform further shares resourceful insights and training opportunities for those interested in trading activities. For more information visit
5paisa.com now!

On the other hand, it is a way for people with less time to bag more profits. The day traders are interested in short-term price movements rather than the long-term benefits.

The stock market is constantly fluctuating, and trends change by the minute. Therefore, one moment can be profitable, and the other can spell doomsday.

However, suppose one can keep up with all the relevant updates, use correct strategies, and experiment with trends. In that case, it is possible to garner more profits, avoid losses, and become a trader of repute.

Having said that, there is no guarantee that you will have zero losses. It is said there isn’t a single trader who has not lost his/her money in the market. The market is unpredictable and will remain so; sometimes, even the best strategies fail to work.

However, like life’s lessons, the one thing we can do is give our best. As a trader, follow certain strategies, utilise references and use information, knowledge, and resources wisely. Let’s look at some factors that can help you become a better trader.

Real-time market data and news
The market is constantly changing in intraday trading, and one needs to be updated about the same. The latest information on the market can be used and leveraged to make profits. Real-time market data and news help identify the stock trends and make better predictions.

This helps you understand where to put your money. Due to the impact and significance of such information, traders spend considerable money to get access to these updates.

Electronic Communication Network (ECN)
An electronic communication network (ECN) is a computerised system that automatically matches buy and sell orders for securities in the market. ECN trading is helpful when traders in different geographic areas want to complete a secure transaction without the help of a third party.

ECN matches the buy and sell orders between institutional and individual market participants. It also showcases the best available bid and ask quotes, which help traders make the best deal.

Securities price charts
Price charts play a vital role in the analysis of investments and securities. This is one of the most commonly used forms of analysis for intraday trading. Candlestick charts are the most preferred type of charts in the case of traders.

Candlestick charts help traders determine the possible price movement based on previous patterns. They are known to be resourceful as they display four price points such as, open, close, high, and low, for the period specified by the trader.

Key Parameters
The essentials for day trading are key parameters such as volatility, trading volume, and liquidity. Volatility provides traders with additional opportunities to make profits from short-term price changes. The trading volume helps identify the number of times a security is bought or sold. This helps in finding the interest in securities. Liquidity is a factor affecting the bid-ask spreads. Low bid-ask spreads are important for intraday trading success as it helps in minimising transaction costs.

Day Trading Strategies
Traders around the world use several strategies and techniques to make a successful trade. These strategies are used to get clarity, find new opportunities, minimise risk, and so on. However, a few basic ones have proven to be helpful for daily traders. These include scalping, momentum, and contrarian trading.

Scalping involves immediately closing a trade once it has shown a small profit. Momentum means acting on the acceleration of a price trend. This usually happens when there is breaking news or a leak. Contrarian strategy is used by a day trader who trades based on signs of an impending reversal in price direction.

These are just a few of the widely used resources by day traders. However, when dealing in the stock market, your best and most important resource is your time. The best way to make profits and minimise losses is to use your time wisely to make wise decisions.

To help you in this trading journey, it pays to have a guide who keeps you on the right path. 5paisa is an online trading platform for experienced and new traders. The platform further shares resourceful insights and training opportunities for those interested in trading activities. For more information visit
5paisa.com now!

On the other hand, it is a way for people with less time to bag more profits. The day traders are interested in short-term price movements rather than the long-term benefits.

The stock market is constantly fluctuating, and trends change by the minute. Therefore, one moment can be profitable, and the other can spell doomsday.

However, suppose one can keep up with all the relevant updates, use correct strategies, and experiment with trends. In that case, it is possible to garner more profits, avoid losses, and become a trader of repute.

Having said that, there is no guarantee that you will have zero losses. It is said there isn’t a single trader who has not lost his/her money in the market. The market is unpredictable and will remain so; sometimes, even the best strategies fail to work.

However, like life’s lessons, the one thing we can do is give our best. As a trader, follow certain strategies, utilise references and use information, knowledge, and resources wisely. Let’s look at some factors that can help you become a better trader.

Real-time market data and news
The market is constantly changing in intraday trading, and one needs to be updated about the same. The latest information on the market can be used and leveraged to make profits. Real-time market data and news help identify the stock trends and make better predictions.

This helps you understand where to put your money. Due to the impact and significance of such information, traders spend considerable money to get access to these updates.

Electronic Communication Network (ECN)
An electronic communication network (ECN) is a computerised system that automatically matches buy and sell orders for securities in the market. ECN trading is helpful when traders in different geographic areas want to complete a secure transaction without the help of a third party.

ECN matches the buy and sell orders between institutional and individual market participants. It also showcases the best available bid and ask quotes, which help traders make the best deal.

Securities price charts
Price charts play a vital role in the analysis of investments and securities. This is one of the most commonly used forms of analysis for intraday trading. Candlestick charts are the most preferred type of charts in the case of traders.

Candlestick charts help traders determine the possible price movement based on previous patterns. They are known to be resourceful as they display four price points such as, open, close, high, and low, for the period specified by the trader.

Key Parameters
The essentials for day trading are key parameters such as volatility, trading volume, and liquidity. Volatility provides traders with additional opportunities to make profits from short-term price changes. The trading volume helps identify the number of times a security is bought or sold. This helps in finding the interest in securities. Liquidity is a factor affecting the bid-ask spreads. Low bid-ask spreads are important for intraday trading success as it helps in minimising transaction costs.

Day Trading Strategies
Traders around the world use several strategies and techniques to make a successful trade. These strategies are used to get clarity, find new opportunities, minimise risk, and so on. However, a few basic ones have proven to be helpful for daily traders. These include scalping, momentum, and contrarian trading.

Scalping involves immediately closing a trade once it has shown a small profit. Momentum means acting on the acceleration of a price trend. This usually happens when there is breaking news or a leak. Contrarian strategy is used by a day trader who trades based on signs of an impending reversal in price direction.

These are just a few of the widely used resources by day traders. However, when dealing in the stock market, your best and most important resource is your time. The best way to make profits and minimise losses is to use your time wisely to make wise decisions.

To help you in this trading journey, it pays to have a guide who keeps you on the right path. 5paisa is an online trading platform for experienced and new traders. The platform further shares resourceful insights and training opportunities for those interested in trading activities. For more information visit
5paisa.com now!