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Day trading involves buying and selling shares within short time frames, often in a single day. This approach gained popularity during the COVID-19 pandemic and contrasts with traditional long-term investing. In day trading, losses can occur frequently and may be significant.
The strategy revolves around profiting from fluctuations in stock prices, with some traders using leverage—borrowed funds from brokers—to potentially amplify gains.
Day traders typically use either desktop-based trading platforms or investment apps, which have become increasingly popular. The competitive landscape of these platforms can make it challenging for those new to day trading to find the right service that fits their needs.
To help navigate these options, an overview of potential choices is provided, focusing on factors like fees, available investments, and key trading features. Additionally, a detailed FAQ section offers further insights into the nuances of day trading.
