It is common knowledge that forex trading can be a risky venture. But the prospect of high profits accompanies the risk. Forex day trading offers an opportunity to maximise profits while allowing the trader to watch every movement of the market so that an exit can be made at any point of time.
The day trader must have the temperament for this activity. It is essential to have the discipline to exit the market when a profit target has been met. It is even more important to have the self-control to close a trade when the market moves against you.