Benefits of intraday trading.

Most traders who come to Forex prefer intraday trading, as this type of trading allows for large profits in a short period of time. Furthermore, there are a number of additional advantages that make intraday trading more attractive to any trader.

The main ones include the ability to scalp and grow your deposit , the absence of additional commissions, greater predictability of trends, and complete control over your trades.

Let's take a closer look at the advantages of intraday trading.

Short-term trades offer a unique opportunity to utilize maximum leverage to achieve exceptional profits. Using leverage and scalping strategies, you can multiply your deposit several times in just one day. This is quite difficult in long-term trading. Such strategies are often used to boost deposits when everything is at stake, but ultimately, the trader receives a significant increase in working capital.

The absence of a swap – a fee for carrying over positions, or Forex swap – doesn't have a significant impact on your financial results, but why pay an extra commission when you can get by without it?

Forecasts – it's much easier to make a short-term forecast based on daily price movements than to predict trend behavior over the course of a week. Moreover, forecasting itself takes less time and effort.

Control – it's clear that when you're sleeping, only a pre-set stop loss can save your trade, but situations often arise when you already know an open position is losing money and there's no need to wait for the stop loss to be triggered.

Availability of strategies – intraday trading allows you to trade virtually any Forex strategy and utilize the maximum number of tactical solutions. However, some trading strategies are not always available for long-term trading.

High profitability – if you compare the same deposit size and the daily profit achieved using intraday trading and medium-term/long-term trading, the former usually outperforms the latter two by several times. Therefore, if you don't have a huge capital, intraday trading is your choice, and the smaller the funds in your account, the shorter the time frame and the higher the leverage.