Dan

Hi Hakiza, While choosing any trading style, you have your reasons at hand. You can comfortably say why you find that option more viable than the other method. However, you need to consider some elements before you select that style and be sure that it is the one you want to use. Checking on the various factors that underly that technique will save you from significant losses that may occur. Volatility is one thing you ought to consider when day trading with cryptocurrencies. When the market is volatile, the price of the cryptocurrency will rise and fall rapidly. From this, you can either make a loss or a profit. Some trading sessions have very volatile conditions, while others, such as the New York session, are low. This means that the change in the market price is not very rapid. Also, some cryptocurrencies are more volatile than others. It would help if you also practiced well before you try day trading. You can now deposit funds into your account and start trading after you comprehend the market trends. You can practice day trading using a demo account. Another critical factor to keep in mind is that you are bound to make losses. You know that there is a possibility that you will make a loss while day trading will make you more vigilant while trading. It will also help you calm down your emotions in case you make that loss. Note down your objectives. Setting the goal of your trade is one stepping stone to your success in day trading. Of course, as you set these objectives, you also state what you will do to achieve them. Setting a stop-loss in day trading will protect you from significant losses.

Hi Mary, Exchange-traded funds have become popular because of the many benefits their investors relative to other financial investment options. They have influenced the investors and other persons taking part in it to control their portfolios hence making their fees less effectively and their taxes more efficient. As simple as these ETFs may seem, they are, at times, complex. One thing you should know as an ETF investor is that their taxes are efficient. Their capital gains usually are lower, unlike other mutual funds, mainly due to the creation/ redemption mechanism. You may be interested in dealing with Dividend ETFs. However, before you sell them, you need to know that the Dividend ETFs may not necessarily give you high dividends. You also need to know that leveraged ETFs are of many different types. These ETFs may depend on the reset frequency, which helps earn you earn high returns. Although ETFs are termed as cost-efficient, you need to know that not all of them are cheap. Also, in some ETFs, you don't have to pay commissions; hence they may be better investment options for you.

Hi Mary, There are many ways you can analyze charts in a CFD market; the pivot point technique is one of them. The use of pivot points is usually disregarded; however, it is still a systematic way that you can employ to check the support and resistance levels. Support and resistance levels seek to spot a breakout from a sabotaged price fluctuation. In this trading technique, you construct a pivot line from where you will draw several support and resistance levels. You will be able to recognize any significant move that is breaking out from the price range. You can draw your pivot line depending on the previous day's price levels or base your drawing on other disparities. You will multiply the value of the pivot by two and subtract the lowest price seen in the pivot day to get the first resistance line. To get the first support line, you will also use this method only to subtract the highest value you get during the pivot day. To calculate the support and resistance levels in the second pivot line, you apply the same strategy. These resistance levels are usually away from the pivot line, as the whole pivot day range. In the second support level, you take the pivot point lee the previous high and low. The second resistance level is calculated, taking the pivot point, add the last high, and subtract the previous low. Pivot points will analyze how the market moves depending high, medium, and low price levels of the previous trading day. You will see a bullish market if the next trading prices are above the pivot point. A bearish market will occur if the trading prices are below the pivot point. Since the pivot points act as support and resistance mechanism, they determine the direction that the market prices follow. You will find support if the market prices are falling and contrarily look for a resistance level if the prices are rising.

Hi Hakiza, Leveraged ETF track the futures market to boost the gain from a particular index. They may double or triple the profits from a certain index. Leveraged ETF are not many though they are widely known and used. Their growing popularity is because they can make a considerable profit within a short period as long as the market trends are favorable. Leveraged ETF are best suited for short-term investing since, in the long-term, their costs to maintain their market positions are expensive. Despite the significant profits leveraged ETF make, their volatility may result in many losses. The VelocityShares 3x Inverse Crude Oil ETN ETF (DWT) was one of the most used leveraged ETF. However, it ceased to function. The Direxion Daily Gold Miners Bear 2x Shares ETF (DUST) pursues to triple the inverse of the outcome of the gold index. It is among the most traded leveraged ETF. The ProShares UltraPro QQQ ETF (TQQQ) is also one of the most traded leveraged ETF.