Day trading is a unique form of stock trading where investors buy and sell financial instruments all during the same business day. This type of trading involves making several trades on a daily basis, profiting from small price fluctuations.

Day traders use various methods to anticipate these price swings. Some methods consist of technical analysis, which examines past market data, and fundamental analysis, which evaluates a company's financial performance.

In this type of trading, the time that trades are made is very important. Traders must be ready to respond quickly changes in the market. Detecting changes and interpreting signals are the key to making successful trades.

One of the benefits of one-day trading is the potential for quick returns. However, it is a risky kind of trading and requires an extensive level of skill and knowledge. Several common risks in this form of trading include market volatility, price fluctuations, and chances of losses. Thus, it's very important for traders to have a well-thought-out trading plan to manage these risks effectively.

Active day traders generally use multiple tools and methods to enhance their trading. Including leveraged accounts, where traders borrow funds for trading, and automated trading systems, which utilize algorithm-based trading.

Getting a grip of the art of day trading requires patience, discipline, and continuous learning. Also, it's crucial to keep emotions in check and take trading steps logically. Remember, in day trading, the route to success is not about making large profits out of every trade; it's about steadily making gains and enhancing your trading account.

One day trading can be an invigorating venture, trade the day but remember to prepare thoroughly. Keep yourself informed about the market dynamics, commit to continual learning and skill development, and possibly, you could unlock the secret to becoming a competent day trader.