There are many online resources available for aspiring day traders to learn how to trade. These include video tutorials and free practice accounts. However, if you really want to excel as a day trader then you should consider taking part in some formal training. This will help you build a solid foundation of fundamental analysis, technical analysis, trading psychology and risk management skills.
Day Trading in the UK: Best Platforms should have a wide range of instruments to trade and a user-friendly, intuitive trading interface. It should also offer the ability to monitor multiple markets, trade on the go, and access advanced charting tools. A good broker should also provide its clients with a variety of educational resources and market news.
Day Trading in the UK: Best Platforms & Strategies
In addition to traditional stocks and ETFs, day traders can also trade CFDs on a wide range of other assets such as forex, cryptocurrencies, commodities, and NFTs. CFDs are leveraged investments and allow you to speculate on the price movements of underlying assets without having to actually buy them.
One of the best online brokers for day trading in the UK is Hargreaves Lansdown. Its stock research is unparalleled and it offers a large selection of UK and international shares, funds, bonds, ETFs, investment trusts, and more. It is not the cheapest but it prioritizes client relationships and financial security over costs. It also offers a wide range of alerts and advanced charting features.