How much capital do I need to day trade?

While you can start with $100, realistically you need $1,000+ to trade efficiently and cover costs. Undercapitalization causes fear-based errors.

What is the best timeframe for day trading?

Most day traders use a multi-timeframe approach: 1-hour or 4-hour chart for trend direction, and 15-minute or 5-minute chart for entry triggers.

Can I day trade part-time?

Yes, if you focus on a specific session. For example, trade the London Open (2 hours) before work, or the NY Open (2 hours) after work. Do not try to trade from your phone while working another job.

What happens if I forget to close a trade?

You will be charged "Swap" (overnight fees) and exposed to overnight volatility. Always set a reminder or an alarm to check positions before market close.

Is day trading better than scalping?

It is less intense. Scalpers make hundreds of trades; day traders might make 1-3. Day trading offers a better balance for most people.

What pairs are best for day trading?

The majors: EUR/USD, GBP/USD, USD/JPY. They have the tightest spreads (lowest cost) and high liquidity (easy to enter/exit).

Do I need multiple monitors?

It looks cool, but it's not strictly necessary. One good monitor is enough. However, having 2 screens (one for charts, one for news/orders) is helpful.

Strategy Deep Dive

Day Trading Deep Dive: The London Breakout

Wake up, trade volatility, sleep flat. A routine for traders who hate overnight risk.

Written ByEdith BalazsFact-Checker & Research Lead

Fact Checked ByMarcus ThompsonTrading Platforms Expert

Last UpdatedOct 12, 2026

This article content is currently being updated. Please check back soon.

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Edith Balazs

Fact-Checking • Research • Data Verification

About the Author

Edith is a Certified Financial Analyst (CFA) with a background in financial journalism. She leads our fact-checking team, verifying every data point, fee structure, and regulatory claim in our broker reviews to ensure accuracy and reliability.

Fact-Checker & Research Lead — Everything you find on BrokerAnalysis is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback.

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