Hello!
I want to start with day trade, so i want to undestand forex.
What is the real advantage using forex over stocks(for day trade)?
Thank you
Forex market opens 24 hours. So, you can trade anytime you want.
If you are just starting out with forex trading, I won’t recommend doing day trading. You better look for other ways of trading that are suitable for beginners like position trading or swing trading.
I have seen a lot of people confused about making their investments. I believe that forex provides ample opportunities for short-term traders like scalp traders, day traders, and swing traders. But if you are interested in short to mid term trends and less volatility, the stock market could be a great option for you.
Traders often get confused when they look at different charts in different time frames because of the conflicting information. Sometimes, an opportunity to buy on a weekly chart might show up as an opportunity to sell on an intraday chart. So, make sure that you synchronize both the charts before you take your trading direction.