Day Trading
This type of trading involves opening and closing a small number of trades in the same day.
Positions are not held overnight, eliminating the exposure to large overnight moves when it could be difficult or impossible to get out of the trade - eg if you're in bed, or the underlying market is closed. Instead, day traders generally prefer to monitor the markets throughout the trading day waiting for the ideal conditions to enter, and then exit, their positions.
This means day trading tends to be a very time-intensive activity, often requiring traders to check market prices, news and data regularly looking for entry opportunities and exit strategies. So, if you're a very busy person or have a full-time job, you'll need to consider whether you can devote enough time to monitoring and analysing the markets to be successful using this approach.
Day traders tend to rely on technical analysis more than fundamental analysis, as emerging chart patterns and indicators can often provide strong short-term signals to trade. However, if you decide to trade using this style, it's still very important to know which major economic events are coming up each day, as these frequently cause market volatility and significant shifts in sentiment and momentum.