Loding Loading ...
X
Century Financial Consultancy LLC ("Century") does not offer investment advisory or portfolio management services nor guarantees investment returns. We do not accept or make payments in cryptocurrency or digital currency. Our official website is www.century.ae. Beware of fraudulent companies or websites posing as Century. We are not responsible for any losses from using fake websites or entities. Trading in financial markets involves a significant risk of loss which can exceed deposits and may not be suitable for all investors. Before you start, please ensure you fully understand the risks involved.

Beginners Guide for Day Trading

We'll talk about important trading methods and the psychology behind trading and give you some useful tips to get you started. This guide gives you the skills you need to find your way around the fast-paced world of day trading, whether you're trading from home, the office.

How Day Trading Works?

When you do day trading, you buy and sell financial instruments on the same day. Traders try to close all their positions by the end of the trading day so they don't have to deal with evening market risk. With the progress of technology, traders can now easily access real-time market data, making day trading more common.

What are the best markets for day trading in the UAE?

For day trades, the UAE has busy markets for forex, commodities, and indices. People like these markets because they are liquid and volatile, which means there are lots of trading chances all day long.

Things to consider before you start day trading.

Not everyone should do day trading. It involves making quick decisions, keeping an eye on positions all the time, and knowing how the market works. Before you start, you should think about whether you can handle the high stress during volatility situations in the market.

Best Strategies for Day Trading / Top Day trading strategies

Strategies for day selling that work well often include:

Technical analysis means using charts to find patterns and trends. This includes knowing the levels of support and resistance, which are important for deciding when to enter and exit the market.
 
Price Action Trading: This method relies less on technical signs and more on how prices move. Traders use past price changes to analyse trading opportunities.
 
Scalping: This is one of the fastest strategies. It includes making a lot of trades throughout the day to find opportunities for small price changes.
 

How to start day trading in UAE?

Starting your day trading journey in the UAE can be an exciting endeavour if you have the necessary resources and follow the trading regulations in the region. Here are some steps to get you started:

Select a Reliable Trading Platform: Picking the right platform is essential for a smooth trading experience. The Century Trader App is widely regarded as a top-tier trading app that appeals to traders of all experience levels. It provides users access to various real-time markets with advanced charting tools and efficient trade execution capabilities.
 
Practice Account: Before immersing yourself in the fundamental markets, engaging in practice and developing your self-assurance is crucial. Our Century Trader App provides a complimentary demo account that allows you to experience trading in authentic market conditions using virtual currency. Understanding the app's functionality and honing your trading strategies without any financial risk is crucial for gaining valuable insights.div>
 
Setting up a Trading Account: It is important to ensure that your trading account adheres to the regulations set by the UAE. The Century Trader App streamlines this process with a simple three-step setup, making it easy to ensure your account complies with all regulatory standards.
 

By following these steps and making the most of the powerful features of the Century Trader App, you'll be on track to becoming an efficient day trader in the UAE.

How to create a day trading plan?

It is essential to have a solid trade plan. It should list your financial goals, how much risk you are willing to take, and how you will evaluate your trading plans. Stick to your plan and make changes only after a careful study. Don't make changes because of short-term changes in the market.

Learn how to manage day trading risk.

When day trading, it's very important to control your risks well. Use stop-loss orders to limit the amount of capital you could lose. Know the risk-reward relationship and keep it in a good place. Review and change your methods often to keep your investments safe and limit risk.

Bottom Line

Day trading is a difficult but possibly profitable way to trade in the UAE. It requires self-control, a good grasp of markets, and the ability to handle risks well. However, day trading can be profitable if you prepare and have the right attitude.

Disclaimer: Century Financial Consultancy LLC (“CFC”) is Limited Liability Company incorporated under the Laws of UAE and is duly licensed and regulated by the Emirates Securities and Commodities Authority of UAE (SCA). This document is a marketing material and is for informational purposes only and must not be construed to be an advice to invest or otherwise in any investment or financial product. CFC does not guarantee as to adequacy, accuracy, completeness or reliability of any information or data contained herein and under no circumstances whatsoever none of such information or data be construed as an advice or trading strategy or recommendation to deal (Buy/Sell) in any investment or financial product. CFC is not responsible or liable for any result, gain or loss, based on this information, in whole or in part.

PLEASE READ THE FOLLOWING TERMS AND CONDITIONS OF ACCESS FOR THE PUBLICATION BEFORE THE USE THEREOF.

By use of the publication and continuing to access the publication, you accept these terms and conditions and undertake to be bound by the acceptance. CFC reserves the right to amend, remove, or add to the publication and Disclaimer at any time without any prior notice to you. Such modifications shall be effective immediately. Accordingly, please continue to review this Disclaimer whenever accessing, or using the publication. Your access of, and use of the publication, after modifications to the Disclaimer will constitute your acceptance of the terms and conditions of use of the publication, as modified. If, at any time, you do not wish to accept the content of this Disclaimer, you may not access, or use the publication. Any terms and conditions proposed by you which are in addition to or which conflict with this Disclaimer are expressly rejected by CFC and shall be of no force or effect.

No information as given herein by CFC in this publication should be construed as an offer, recommendation or solicitation to purchase or dispose of any securities/financial instruments/products or to enter in any transaction or adopt any hedging, trading or investment strategy. Neither this publication nor anything contained herein shall form the basis of any contract or commitment whatsoever. Distribution of this publication does not oblige CFC to enter into any transaction.

The content of this publication should not be considered legal, regulatory, credit, tax or accounting advice. Anyone proposing to rely on or use the information contained in the publication should independently verify and check the accuracy, completeness, reliability and suitability of the information and should obtain independent and specific advice from appropriate professionals or experts regarding information contained in this publication. CFC cannot be held responsible for the impact of any transactional costs or any taxes as may be applicable on transactions.

Information contained herein is based on various sources, including but not limited to public information, annual reports and statistical data that CFC considers reliable. However, CFC makes no representation or warranty as to the accuracy or completeness of any report or statistical data made in or in connection with this publication and accepts no responsibility whatsoever for any loss or damage caused by any act or omission taken as a result of the information contained in this publication. The articles does not take into account the investment objectives, financial situations and specific needs of recipients. The recipient of this publication must make its own independent decisions regarding whether this communication and any securities or financial instruments mentioned herein, is appropriate in the light of its existing portfolio holdings and/or investment needs.

This document is a marketing material and has been prepared by individual(s), marketing and/or research personnel of CFC. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is purely a marketing communication. In this publication, any opinions, news, research, analysis, prices, or other information constitute is a general market commentary, and do not constitute the opinion or advice of CFC or any form of personal or investment advice. CFC neither endorses nor guarantees offerings of third party, nor is CFC responsible for the content, veracity or opinions of third-party speakers, presenters, participants or providers. CFC will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

Charts, graphs and related data or information provided in this publication are intended to serve for illustrative purposes only. The information contained in this publication is prepared as of a particular date and time and will not reflect subsequent changes in the market or changes in any other factors relevant to their determination. All statements as to future matters are not guaranteed to be accurate. CFC expressly disclaims any obligation to update or revise any forward-looking statements to reflect new information, events or circumstances after the date of this publication or to reflect the occurrence of unanticipated events.

Staff members/employees of CFC may provide/present oral or written market commentary or analysis to you that reflect opinions that are contrary to the opinions expressed in this research and may contain insights and reports that are inconsistent with the views expressed in this publication. Neither CFC nor any of its affiliates, group companies, directors, employees, agents or representatives assume any liability nor shall they be made liable for any damages whether direct, indirect, special or consequential including loss of revenue or profits that may arise from or in connection with the use of the information provided in this publication.

Information or data provided by means in this publication may have many inherent limitations, like module errors or lack accuracy in its historical data. Data included in the publication may rely on models that do not reflect or take into account all potentially significant factors such as market risk, liquidity risk, credit risk etc.

The use of our information, products and services should be on your own due diligence and you agree that CFC is not liable for any failure to achieve desired return on investment that is in any manner related to availing of services or products of CFC and use of our information, products and services. You acknowledge and agree that past investment performance is not indicative of the future performance results of any investment and that the information contained herein is not to be used as an indication for the future performance of any investment activity.

This publication is being furnished to you solely for your information and neither it nor any part of it may be used, forwarded, disclosed, distributed or delivered to anyone else. You may not copy, reproduce, display, modify or create derivative works from any data or information contained in this publication.

Services offered by CFC include products that are traded on margin and can result in losses that exceed deposits. Before deciding to trade on margin products, you should consider your investment objectives, risk tolerance and your level of experience on these products. Trading with leverage carries significant risk of losses and as such margin products are not suitable for every investor and you should ensure that you understand the risks involved and should seek independent advice from professionals or experts if necessary.

Ready to Invest?

Explore a new trading experience with
Century Trader App

Losses can exceed your deposits

Ready to Invest?

Explore a new trading experience with
Century Trader App

Losses can exceed your deposits