TRADING STRATEGIES

Day Trading

Day trading is a strategy of buying and selling assets inside a day. As the day goes on, prices go up or down in their values, creating the opportunities to gain or lose. It can bring big money but not in short time. Day trading is not a sure road to immeasurable wealth and success. It is as all the other business venture: in order to be successful at it, you need to have a PLAN.

It wouldn’t be a good idea to jump blindly. Choose the right tools, get the right knowledge to use those tools and you will see that the risk will have a significant reduce. With perseverance and commitment, you CAN find trading success.

Day trading require a high attention from the traders, and they need to be present at the trading terminal all day long. It is accepted that the shorter the time frame the trader choose to trade, the higher is the risk they are exposing themselves. That's why day trading can be described as one of the riskiest approaches to the currency markets. Anyone, traders who have years in the market and have lots of experience and enjoy the adrenaline of fast trading, they are choosing day trading strategy and hitting the market successfully.

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If you want to be a successful day trader you should have the following qualities:

Capital requirement

You should have a considerable amount of capital is disposal with a predefined risk/reward ratio. It is recommended to keep the trade size reasonably low.

Market knowledge

A day trader should keep both eyes in fundamental analysis and technical stuff as well. Only the combination of both analyses would bring a good result. It is vital for a day trader to have as much knowledge as possible over the markets.

Strategy

Even if you choose a day strategy, it is important to adopt your strategies with your current situation. A successful day trader must come up with a new strategy almost every other day, or at least adopt their current strategy to the new market conditions.

Extraordinary discipline

Success without discipline cannot be achieved. It is very important you to monitor prices for wide periods of time without making any decisions. It needs lots of discipline. Just think that, if you rush on your decisions and after you see the market moving in opposite direction with your decision, it hurts! So, it is better to waste an opportunity, than to guarantee a loss.

Payment Methods

You can fund your account with Dakken Group with whatever Visa Card you own. We accept Visa Debit, Visa Credit, business cards, except of prepaid ones.

Mastercard is also one of our best collaborators. You can open your account with Master Debit and Credit. There are no additional charges for deposits or withdrawal with Master cards, even though during other payments you are charged for the service.

Maestro is a quick and easy way to get your account ready to trade. It is a fast funding method. Maestro Debit cards are accepted, excluding prepaid ones.

Skrill is an effective way to transfer money or pay different purchases. So, it is a good way to fund your trading account with Dakken Group from anywhere with just email address and password. Deposits via Skrill will be returned to the originating bank account that funded the Skrill account. Supporting documentation will be required in this instance. Skrill also does not support funding through prepaid cards.

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Cryptocurrency Payment Methods

When depositing funds, Dakken Group do not apply any charges but your own bank or card provider may apply their own charges.

*Card Payments can be deposited at anytime but in certain circumstances beyond Dakken Group control some payments may only be applied between the deposit processing times that apply to Bank transfer deposits. Minimum deposit and withdrawal amounts of £65/€90/$100 apply unless the trading account is being closed. Please note that in certain circumstances Dakken Group may require additional supporting documentation before funds can be applied or withdrawn from your trading account.

**Minimum withdrawal amount of £65/€90/$100 apply unless the trading account is being closed.

Please allow 3-5 working days for all withdrawals (including international transfers and card refunds). For more information please contact our Client Management Support.

Please note that in accordance with UK Money Laundering Regulations Dakken Group is unable to accept third party or prepaid card payments and the name of the deposit or via the above methods must be consistent with the ADSS account name.

Dakken Group will not accept any remittance which is considered to be a third party or pre-paid card payment. In addition, please note that Dakken Group applies a return to source withdrawal policy.

Trading foreign exchange, foreign exchange options, foreign exchange forwards, contracts for difference, bullion and other over-the-counter products carries a high level of risk and may not be suitable for all investors. Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested.

All opinions, news, analysis, prices or other information contained on this website are provided as general market commentary and does not constitute investment advice, nor a solicitation or recommendation for you to buy or sell any over-the-counter product or other financial instrument. Please, ensure you understand all risks and seeking dependent advice if necessary.

This website is owned and operated by Clandestiny Group LLC, Company registration number: 1342 LLC 2021 and registered address First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St Vincent and the Grenadines.