FBS Unveils Best Day Trading Strategies for 2023

Summary:
• FBS looks at the performance of the best-performing day trading stocks for the year 2023 and what makes them stand out.

FBS, one of the world’s largest brokers, published insights into the best trading strategies for day trading in the year 2023. In the document, FBS details what makes a good stock pick and provides a list of its recommended equities for day CFD trading. According to FBS, this is in keeping with its promise to educate its clients so they can make sound trading decisions.

According to FBS, the list is just a starting point, as it focuses on stock CFDs that could be promising in the next year of 2023. That said, it recommends that traders do their research, keep track of trends, and use sound risk management techniques to get the most out of their trading.

Over 20% of traders have tried day trading, a high-risk approach with potential rewards, at least once. Day trading involves making buy and sell orders of equities inside a single trading day. With over 27,000,000 traders and over 500,000 partners across the globe, FBS is one of the most trusted brokers on the market.

A look at day trading and FBS analysis strategy

According to FBS, the key to profitable day trading is selecting stocks based on volume, liquidity, volatility, price section, and news. The broker says that when it comes to day trading, the golden rule is to go for equities with high liquidity for fast entries and exit, which means trading in and out of stocks with larger volumes.

Other factors to consider include monitoring the market news, selecting stocks with appropriate pricing for optimal position sizing, and estimating the speed and magnitude of price moves to maximise profits while minimising losses.

In light of these considerations, FBS researchers have identified seven companies whose stocks exhibit attractive chances for day traders this year due to their high volatility and excellent trading volume:

1. Tesla Inc. (TSLA): A market leader in electric vehicles, Tesla has a stock price that is notoriously volatile and has huge trading volumes.
2. Meta: Intraday traders might profit from price fluctuations in Meta Platforms Inc. (META), which is backed by Facebook, WhatsApp, Instagram, and other digital assets.
3. Nvidia Corp. (NVDA) is a multinational technology corporation whose stock price fluctuates widely throughout the trading day.
4. Advanced Micro Devices Inc. (AMD): Day traders who are looking for a stable reputation and significant trading volume should consider Advanced Micro Devices Inc. (AMD).
5. Shares of Airbnb Inc. (ABNB), a travel and booking company, are highly liquid and volatile, offering attractive investment opportunities.
6. Microsoft Corp. (MSFT): Microsoft is one of the most liquid stocks in the market.
7. Apple Inc. (AAPL) is a great stock for day trading because of its stable financial performance and continuous growth.