What is Intraday trading? What are the Basics of Intraday Trading?
In simple terms, intraday trading refers to purchasing and selling shares or equities on the same day during trading hours. Indeed it is a challenging task to accomplish as you have a time limit and need to achieve your short-term goal. The share price fluctuates and you are required to follow up the price changes to earn a profit. You must an online trading account dedicated to intraday trading. Also, you would need to mention that the transactions are for intraday trading . In the process of intraday trading, you would require to square off your position within the given time. Now, what is square off in intraday trading of stocks ? Square off means if you have made a share purchase then you have to sell the same quantity of share to another trader. Similarly, if you have sold a part of your share, on the same day, you have to purchase the same amount of share. The intraday trading process goes like this and the target is to square off your position before the time ends.