Yes I'm a trader by background but after I saw Pound/ Dollar crash 6% in 2 mins in Asian session i need to point out the dangers of day trading. Computer program trading is becoming more and more autonomous and self-determining and what started as a push became a cascading tsunami and more and more computer sell orders got triggered yesterday on the Pound. Mathematically computers are sifting through key words in news statements and quantifying those words as probabilities and exponential equations. Day trading has got a whole lot harder now because of the automated trading world and i recommend swing trading over 2-3 days using Japanese candlestick day charts is a safer analysis of momentum.
