How do people get thousands of dollars in a day? Is there actually a skill involved or is it just gambling?
In: Economics
Skill is definitely involved. They can use charts etc. to gauge the movement. 5 min charts, previous day high/previous day low/previous day close etc. And definitely there are technical analysis tools available as well if you know how they work.
But lot of others also gamble.
In both cases, the day traders generally lose more.
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