Is day trading a profitable trading strategy?

Asked 3 years ago

So many people seem to be involved with day trading and it seems to be growing in popularity in recent years. Is it a profitable form of trading though?

Andrew Moran

Monday, October 18, 2021

Yes, many people are involved in day trading, but just as many people lose money participating in this trading practice. Therefore, the question of whether day trading is profitable is relative.
A July 2021 study by the U.S. Securities and Exchange Commission found that, for example, more than two-thirds of forex traders lose money every quarter on average.
While it can be a profitable tactic, you do risk losing a lot of cash if you are not seasoned, you are too emotional, and you invest more than you can afford to lose.
If you are interested in day trading, you are better off starting small and then working your way up to higher amounts.