Best Online Broker for Day Trading 2023 Online Day Trading At CAPEX

Choosing the best online broker for day trading can be a hassle. This article will take you over the basics of day trading, the best day trading platform, and a few day trading strategies.

We aim to provide a clear overview of how we offer the best day trading platform and why you should begin your trading journey with CAPEX today.

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Roy Connor
Author:
Roy Connor
Last Updated on:
29/03/2023
Topic:
Trading

Several trading options

When it comes to day trading, you must diversify your trades. This enables you to reduce the risk of losing all your money in a single bad trade. Keeping that in mind, CAPEX offers 2100 tradable instruments to its users, opening doors to endless trading opportunities. Furthermore, you can become a better trader with the CAPEX Academy.

Knowledge is Power!

When it comes to your money - it's priceless.

An investment in learning how to trade always pays the best dividends. Get access to the right resources, tools and information so you can trade with all the information available!

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INTRODUCTION TO FOREX

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13:20

FOREX INDICATORS

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13:20

FOREX CANDLESTICK GUIDE

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14:38

UNDERSTANDING AND USING FIBONACCI

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04:20

FOREX CHART FORMATIONS PATTERNS

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14:27

TIMING IN FOREX

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06:20

CRYPTOCURRENCIES

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82:25

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Smooth trading platform

When it comes to day trading, it’s essential that traders choose a trading platform that is user-friendly, highly intuitive, and easily accessible.

Here at CAPEX, we provide our users with two trading platforms, the MT4 and The CAPEX webTrader, both of which are made available as an app on iOS and Android. Our platforms are set in a super neat manner, along with several tools and features that are integrated to support traders throughout their trading journey.

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What is day trading? – A quick overview

Day trading refers to the buying and selling of financial assets, whether they are stocks or foreign currencies, within the limits of a single trading day. So if you buy a stock during the morning to sell it by the evening or any time before the trading day ends, you’ve engaged in day trading. Likewise, you can day trade numerous financial assets, including stocks and bonds, although day trading in foreign currency is most common.

If you’re looking forward to day trading and have the tools and functions to better manage the risks involved, the best way that you can do this is by trading on the best day trading platform out there. A good day trading platform like CAPEX will provide you with a set of analytical tools and expert guidance to ensure your investing experience is smooth. You can also expect ease of accessibility on our platform because we understand the importance and need of remaining in touch with your investments at all times.

Pros and cons of day trading

Following are the major pros of day trading:

  • Opportunity to get instant results.
  • Day traders don’t have to worry about overnight risks.

Meanwhile, the major cons of day trading are:

  • Day trading is risky because one can overtrade easily and there’s less time to contemplate.

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Experience a new level of trading with the right support when you need it. Sign up for a free account and trade smart with CAPEX.com.

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How to day trade - Practice makes perfect!

When it comes to day trading, there are a number of tips that can help you  trade securely. For instance:

Research, research & research

You should first figure out what asset you would like to trade based on research about the intrinsic worth of diverse assets for day trading. We believe investing in markets that you’re familiar with is always a safer option.It’s essential to do your homework before investing anywhere.

Select the best day trading platform

Choosing the right platform for your day trading journey and knowing what is the best day trading app is crucial since it will substantially impact the outcome of your investments and your overall trading experience. A good day trading platform will make it easy for you to buy and sell financial assets with the slightest degree of unnecessary delays or interference. Plus, convenience plays a huge role in day trading as investors have to remain in touch with their investments throughout the day. Here at CAPEX, we offer users two trading platforms, and both of the platforms are recognized for being easy on the eyes and simple to use.

Practice on a demo account

It’s ideal to practice trading on a demo account and starting off with smaller investments before entering larger trades. This will make it much easier for you to understand how the market works and acquire some familiarity with its mechanisms. Here at CAPEX, we offer traders a day trading demo account on all the actual accounts that are available on our platform.

Assess expert trades

Considering the risk factor in day trading, it’s essential to have proper tools when starting your day trading journey. Here at CAPEX, we offer our traders a unique tool that allows them to assess expert trades and copy those trades. This makes day trading a whole lot smoother and more fun.

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Risk management strategies for day traders - Damage control

Risk is unavoidable when you are dealing with any kind of financial asset. We, at CAPEX, believe that you can manage risk in trades through intelligent strategies paired with the right features and analytical tools.

The 1% rule

One of the best pieces of advice that we can provide to you is to stick to the 1% rule. The 1% rule states that you should never invest more than 1% of your total capital in a single trade. So, for instance, if you have $100 in your account, according to the 1% rule, you should not spend more than 1% of this amount, i.e. $1 on a single trade. The rationale of this rule is that by not investing more than 1% of your total capital on a single trade, you will reduce the likelihood of suffering a more significant financial loss.

Diversify your portfolio

Similarly, the next best advice that anyone can offer you for day trading is to diversify your investments as much as possible. Choose your investments diversely so that the chances of loss due to a bad investment are decreased as much as possible. Other risk management strategies could also include setting pre-determined stop-loss and take-profit points to know at what point you should sell. You could also calculate expected returns and plan your trades to further reduce the chances of financial loss.

What to look for in a trading platform - How CAPEX ticks every box

As we’ve established, choosing the best day trading platform is a vital aspect of your investing journey. Here are a few of the factors you should focus on when determining the best online broker for day trading.

User-friendly platform

Firstly, any financial trading platform should be as conveniently designed as possible for its users. An excellent financial trading platform should have a straightforward user interface that is natural and intuitive to use. If you feel like you have to navigate through a maze of options and tabs, it means that you should probably consider a different trading platform.

CAPEX offers two trading platforms to its users, both of which are highly intuitive and easy to use. Everything is laid out in a neat manner and there are a wide range of tools and features to support traders throughout their trading journey.

Trade with or without leverage

We at CAPEX know that some people are looking for online forex trading with leverage, while others prefer to trade stocks without leverage. At CAPEX, we offer you the opportunity to trade CFDs on different markets using leverage while we also offer you StoX, CFDs on stocks without leverage. Keep in mind that trading leverage involves a high risk.

Educational resources

We grant our clients access to the CAPEX Academy with many educational videos available to become better traders. Also, we offer information on various investment topics such as the differences and similarities between day trading vs. Forex and what are margin-rates.

License and regulation

Next, you need to ensure that the day trading platform is regulated and licensed under a tier-1 financial authority. This ensures users that the platform is secure.The company that operates CAPEX is licensed by Cyprus Securities & Exchange Commission (CySEC) , and is registered with a wide range of financial authorities in several countries across the globe.

Excellent customer support

One can’t undermine the importance of quality customer support in any trading platform. Knowing that your issues can be resolved through a few clicks alone can make a huge difference towards your trading experience. Likewise, not being able to get in touch with a support team can lead to a poor investing experience. We offer our users excellent customer support through phone, live chat and email. Our multilingual customer support team is on their toesto resolve any issues that may arise. On top of that, you can access our FAQs page to find elaborative answers to several potential queries that may arise.

Continued Development

We believe that the secret to making successful trades is focusing on your growth through continuous learning. The more you know, the better you can trade. Our platform offers several learning tools and features paired with expert guidance to help you achieve your trading goals successfully. The expert coaches can easily be accessed through the MT5 platform offered by the broker.

These are some of the top features you’d expect to find in the best day trading brokers out there. Alongside the above mentioned features, We also offer a wide range of trading instruments plus various trading tools and features, including market analytics and technical indicators. So it doesn’t matter whether you’re a beginner in the trading market or an expert trader, both our platforms are designed to suit anyone that wants to trade securely and conveniently.

 

Register

Register

Register an account on CAPEX.com and start trading.
Verify

Verify

Send over your documents and verify your account.
Deposit

Deposit

Login into your CAPEX.com account and deposit money.
Trade

Trade

Start trading with CFD’s and over 2100 other instruments.
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How to begin day trading today? – Register with us now

CAPEX.com is one of the most accessible websites for you to register with. You can simply hop onto our website and click on the ‘Create Account’ button, which will take you to the account creation page. Once there, all you have to do is enter your personal information such as your name, location, phone number and currency of preference along with a few other details. After that’s done and your account is verified, you can start your trading journey immediately. It will take you no more than five to ten minutes to get on board.

After signing into your CAPEX account, you will be directed to the main trading screen, where you can see all of the latest trends in prices. You can choose from various assets to trade, including stocks, foreign currencies and cryptocurrencies, to start your day-trading journey. You will find all of the necessary information for your trading activities on the main page, including information related to risk management and knowledge accessibility, which we have already mentioned as a vital consideration for day trading.

Final thoughts – Begin your day trading journey with the best online broker for day trading

One of the most important aspects of being a successful day trader is registering with a secure, advanced, and user-friendly trading platform. A good day trading platform could mean the difference between a highly successful day trading career and a very poor one.

Keeping that in mind, we’re recognized for being a high-quality day trading platform that offers a wide range of trading instruments, excellent customer support, expert guidance, and alot more to help you achieve your trading goals.

So, if you would like to start your trading journey right away, be sure to click on the ‘Create Account’ button as soon as you finish reading this article. We’d recommend that you try out our demo account feature beforehand, as it’ll allow you to practice your trading skills and explore the numerous available options and features on our trading platforms.

Best Online Broker For Day Trading – FAQ

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✌ Is day trading ideal for beginners?
🤷 Is day trading a smart way to invest?
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HIGH RISK INVESTMENT WARNING: CAPEX.com is a website operated by Key Way Investments Limited, which is authorised and regulated by the Cyprus Securities and Exchange Commission, licence number 292/16. Administrative Address: 18 Spyrou Kyprianou Avenue, Suite 101, Nicosia 1075, Cyprus.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68.60% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the risk of losing your money. Trading through an online platform carries additional risks. Refer to our Regulation section here.

Restricted Jurisdictions: We do not establish accounts to residents of certain jurisdictions including Japan, Canada and the USA. For further details please see Terms & Conditions.

Key Way Group Ltd is the holding company of Key Way Investments Ltd, JME Financial Services (Pty) Ltd and Key Way Markets Ltd. Key Way Investments Ltd operates CAPEX.com and is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) (license no. 292/16) with branches in Romania and Spain, and registered with the Romanian Financial Supervisory Authority (ASF) (registration no. PJM01SFIM/400013), and with the Spanish National Securities Market Commission (CNMV) (registration no. 129), respectively. JME Financial Services (Pty) Ltd operates za.capex.com and is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) (license no.37166). Key Way Markets Ltd operates ae.capex.com and is authorized and regulated by the Abu Dhabi Global Market (ADGM) Financial Services Regulatory Authority (license no. 190005). KW Investments Ltd operates sc.capex.com and is authorized and regulated by the Seychelles Financial Services Authority (FSA) (SD020).