Forex day traders are traders who close their open trade positions by the end of every day. They usually trade on the smaller market price fluctuations for small profits (or losses). Forex day traders include both institutional traders (like the big banks) and retail traders (like you and me).
In this article, I’ll assume that you’re interested in become a retail forex day trader (and not an institutional day trader).
Before you decide to become a retail forex day trader, you’ll first have to consider these questions:

1. Am I ready to commit to the time demands of forex day trader
forex day trader often requires you to sit in front of the computer for long hours in anticipation of good market entry setups. Because forex day traders open and close their trades in the short time span of a day, every opportunity for a good entry is precious. As a retail forex day trader, you really can’t afford to let good entry setups slip away. If you’ll need to be constantly away from your trading terminal (or computer), then forex day trader might not be for you.

2. Am I ready to commit to the physical strains of forex day trader
This is similar to the previous point. As I mentioned before, forex day trader requires you to sit in front of your trading terminal for long periods of time. Forex day traders make the mistake of thinking that Forex day trading only takes one or two hours a day – but in reality that’s very far from the truth. Forex day trader requires high levels of concentration for long periods of time, and unfortunately these demands of day trading are a little too harsh for a lot of people. Backaches, eye strains and headaches are common complaints among would-be forex day traders; and if you’re unable to handle these harsh physical demands, perhaps a better option would be to consider swing trading, or position trading instead.


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