Please complete the form opposite to request your exclusive guide, ‘How To Day Trade’, written for you by professional traders.
Your ‘How To Day Trade’ guide covers:
- Day trade strategies – your options
- How to spot the opportunities
- How to implement your strategy
- How to manage your day trade risks
Please fill in your details on this page to receive your guide and learn how to day trade. Alternatively, if you’re ready to start day trading on-line, go to our on-line account application form.
For investors who want to day trade we’ll provide a complimentary trading guide to help you learn how to do it.
The day trade guide is completely free and can be used in conjunction with our complimentary day trade trial. This allows you to use our on-line trading platform on a trial basis with no risk – we’ll give you virtual money in order to help you perfect your trading skills before committing your own funds.
To day trade is to speculate in securities, buying and selling within the same trading day, so that all positions are usually closed before the market closes for that trading day. The day trade investor looks for a financial instrument that has the potential to quickly and imminently accelerate in price, either up or down. When traded well, such a stock can make a substantial profit for the shrewd trader. As with all forms of trading, there is also the risk of financial loss. It is always a good idea to make sure you understand the risks and have appropriate risk management systems in place, like stop-losses or an appropriate exit strategy for each day trade.
When placing a day trade, the trader will focus on very short-term plays; the trade may last just a few minutes. This allows day traders to buy and sell many times in a trading day. Others may, for example, choose to trade solely in the pre-market auction, or trade using the supply/demand implied by the order book. Each trader develops their own strategies that may concentrate on price momentum or on technical patterns. Your Day Trade guide will give you an overview of your day trading options, to help you decide on a new strategy or improve your current one.
Accendo Markets will provide you with a number of platform features to enable you to day trade effectively. We’ll give you level 2 data with Direct Market Access, along with a comprehensive range of index, currency and commodity contracts.
While healthy profits are attainable when you day trade, it is equally possible to make losses. The day trade investor should be sure to limit the risk of loss by following some basic rules:
- Trade a system that is winnable, avoid the ‘loser’s game’
- Be disciplined – stick to your day trade strategy, tactics and rules
- Ensure adequate risk capital
- Practice good money management – competent execution of trades and use of stop-losses, if necessary
Your Day Trade guide will cover these rules in more detail.
Buying on margin can increase gains and losses, and a substantial rise or fall can occur in a short space of time. Because of this high risk, a day trade investor will often have to exit a losing position quickly in order to avoid an unacceptable loss.
In the past, day trades were exclusively practised by professional speculators, including banks and investment professionals. However, with the advent of electronic communication networks during the late twentieth century, along with recent developments in electronic trading accessibility, private investors now find it easy to day trade. It has become increasingly popular with non-professional speculators, with an increasingly level ‘playing field’. Accendo Markets caters for all types of day trade investor, from beginners to professionals. Whatever your experience or strategy, we’re here to help by adding the personal touch to your day trades.
Smaller day trade investing first became prevalent at the time of the ‘dot-com bubble’ between 1997 and 2000. Many smaller investors with limited market experience made healthy profits by buying technology shares in the morning and selling them in the afternoon on a margined basis. However, the phenomenon also highlighted the need for sensible risk management. In March 2000, the bubble burst and the unprotected and ill-disciplined day trade investors lost money.
We are a well established, award-winning CFD and stock brokerage based in the City of London. We will provide you the very best online trading platforms with direct market access, giving you greater transaction speed and potentially better trade execution prices.
Send for our free day trade guide or talk to one of our professional traders. We’re on-hand to answer any questions.