Forex day trading is the most popular time frame for novice traders to base their investment strategies on and the theory is you can trade for small regular gains with low risk but Forex day trading is actually a lot more risky than many traders believe and we will look at why in this article.

There are countless millions of traders trading each day from major corporations, to businesses hedging risk to small speculators and they all are different, in terms of their views, skills and in how much impact, emotion has on their currency trading strategies. So how can you tell what this huge group of diverse people are going to do in just minutes or hours? The answer is you can't! You could in days gone by by currency scalping or day trading, is no longer effective and the reason is obvious.

The Rise of Instant Price Delivery and it's Impact on Day Trading

In the past before the internet, price information was available quickly only to a select few traders and these traders, used the small time window they had, to make quick profits but with the rise of the internet, means anyone can get instant prices anywhere on earth, at the click of a mouse.

Random Volatility and the Odds of Success

If you look at price volatility of any currency pair in a day, you will see it's random and if you have random price volatility in a time frame, you cannot use support and resistance levels and you can't get the odds on your side. If you can't trade with the odds on your side, your going to lose and that's a fact.

Scientific Day Trading Systems

Many traders believe that currency markets can be predicted in advance and they still try and day trade and scalp and make complicated trading systems which fail. When you trade currencies, you are trading a market based on probabilities not certainties! If you really could predict prices in advance there would actually be no market, as everyone would know the price in advance.

Day traders can be clever, build complicated systems and work hard but all the effort they put into their day trading strategy, still sees them lose.

Final Words

If you want to trade with the odds on your side, choose a time frame in which you can get the odds on your site and rather than trying to day trade, base your currency trading strategy on either swing trading or long term trend following and you will have the odds on your side and be able to enjoy currency trading success.