Leading international trading platform FBS offers insights into the most promising stock day trading tactics for 2023. FBS presents recommended equities for day trading CFDs and describes the parameters for successful stock selection.
With over 20 percent of traders having tried this risky but potentially profitable strategy at least once, day trading, defined by quick decisions about buying and selling within a single trading day, has become increasingly popular. FBS, a worldwide broker with more than ten years of expertise in the financial markets, is dedicated to giving traders the information they require to make wise choices in the hectic trading environment.
An effective day trading strategy, according to FBS, is built around a meticulous stock selection process based on five factors: volume, liquidity, volatility, price segment, and news. The golden rule, according to FBS, is to prioritize higher volume stocks for effective trade execution, favor higher liquidity stocks for quick entries and exits, evaluate the rate and size of price movements to estimate profit vs. risk, select stocks with appropriate prices for efficient position sizing, and stay informed about market news.
Using these standards, FBS experts identify seven multinational corporations with significant volatility and trading volume as equities that present attractive prospects for day traders this year:
- Tesla Inc. (TSLA), a leading electric vehicle company, is well-known for its volatility and high trading volume stocks.
- Meta Platforms Inc. (META), with Facebook, WhatsApp, Instagram, and other online assets behind, offers profitable price changes for intraday traders.
- Nvidia Corp. (NVDA): stocks of this multinational technology company experience significant intraday fluctuations.
- Advanced Micro Devices Inc. (AMD): with its solid reputation and high trading volume, this semiconductor company is a good choice for day traders.
- Airbnb Inc. (ABNB), a booking and traveling platform, offers high liquidity and volatility stocks.
- Microsoft Corp. (MSFT) can also be characterized by high liquidity stocks.
- Apple Inc. (AAPL) has solid financial performance and consistent growth, ideal for day trading.
This list highlights stock CFDs with strong trading potential for 2023 and acts as a jumping-off point. To maximize their trading experience, FBS advises traders to carry out prior research, assess trends, and use suitable risk management techniques.
Please visit www.fbs.com for additional information about trading and risk management.
