Is it possible to conduct day trading with CFD?

[Carlyn]

Hello, I would like to know if day trading is possible when trading CFD. Advise me accordingly, please.

[Paige]

Hi Carlyn,
Having good strategies is a crucial requirement to trade with Contract for Differences, mostly if you are just new to the field. You need to clearly understand your trading styles before you set your trading techniques.




Day trading is among the most popular trading styles with CFDs, and yes, it is possible to use this style. It usually involves purchasing and selling of CFDs on the same trading day. Here you are required to buy a CFD and close your position before the day ends. It is mostly done to makes sure that you do not incur overnight charges, amongst other reasons.
These activities are also done online, thus attributing to its popularity since buying and selling of shares has been made easy.
Day trading comes with tons of advantages. One of them is that you can be to make a profit since you can speculate long and short trades, thus able to know when the shares will rise or fall.