Reply To: Best assets for day trading

#193073
Christian Harris
Participant

    Yikes. Where to start with this question : ))

    Every trader has a unique approach to the market, so you’re likely to get a variety of answers to this question.

    I can sum it up in a second by saying that it doesn’t matter what you trade, without a mechanical (emotionless) trading strategy, you will not be consistently profitable.

    However, let’s break it down a little:

    • Stocks and ETFs are often recommended for beginners due to their simplicity (market access), transparency, and availability of resources and tools for analysis. Stocks can also move a lot more than crypto in a day (15%+).

    Tip: Avoid penny stocks

    • Forex can also be relatively beginner-friendly but requires a good understanding of currency pairs, global economic factors, and risk management (high leverage is a double-edged sword).

    Tip: Start with low volatility pairs like EUR/USD

    Each asset class has its characteristics, and the ‘easiest’ depends on your familiarity with the market, the tools you use, and your risk tolerance.

    Personally, I would avoid day trading crypto until you’re very proficient because crypto exchanges are normally very complicated and there are lots of fees involved.