Aspiring day trader here motivated to carve out my own niche but looking for some info: what asset class do you guys see the most success with? Forex? Stocks? Crypto? Futures? Etc?

Are there any markets which especially lend themselves to intraday setups? I know crypto sees huge price action for example but is it worth the risks, fees and regulatory uncertainty?

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[Christian HarrisParticipant]

Yikes. Where to start with this question : ))

Every trader has a unique approach to the market, so you’re likely to get a variety of answers to this question.

I can sum it up in a second by saying that it doesn’t matter what you trade, without a mechanical (emotionless) trading strategy, you will not be consistently profitable.

However, let’s break it down a little:

• Stocks and ETFs are often recommended for beginners due to their simplicity (market access), transparency, and availability of resources and tools for analysis. Stocks can also move a lot more than crypto in a day (15%+).

Tip: Avoid penny stocks

• Forex can also be relatively beginner-friendly but requires a good understanding of currency pairs, global economic factors, and risk management (high leverage is a double-edged sword).

Tip: Start with low volatility pairs like EUR/USD

Each asset class has its characteristics, and the ‘easiest’ depends on your familiarity with the market, the tools you use, and your risk tolerance.

Personally, I would avoid day trading crypto until you’re very proficient because crypto exchanges are normally very complicated and there are lots of fees involved.

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[James BarraModerator DayTrading.com Team]

Hi Delph,

Thanks for your question. There is already a conversation on this topic – https://www.daytrading.com/community/t/what-are-the-best-markets-to-day-trade. To avoid duplication I recommend continuing the discussion there.

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