Intraday trading is believed to be one of the most complicated types of currency trading and, at the same time, the most widely used by independent traders. This trading system suggests opening and closing Forex positions in one day, i.e., within 24 hours. Several reasons can easily explain its popularity among traders. 

Firstly, it requires a small capital investment (initial deposit) and the trader’s desire to make big profits through high leverage trades. Therefore, when we talk about the online trading account, we talk about opening trading positions for several minutes to several days.

The main advantage of intraday trading is working with small investment capital, opening numerous positions during a trading day, and setting very strict stop orders. It is worth mentioning that in terms of profitability, short-term trading can be more convenient than long-term trading. Basically, it’s the whole list of advantages of an online trading account.