Day trading refers to a unique form of financial trading where investors buy and sell financial instruments within the same trading day. This specific trading strategy involves executing numerous transactions daily, profiting from quick changes in the price.

Traders specialising in day trading use various methods to predict these price movements. Commonly used are techniques such as technical analysis, which examines past market data, and fundamental analysis, which looks at a company’s financial health.

In this form of trading, the time that trades are made is very important. Day traders have to be ready to react rapidly changes in the market. Paying attention to trends and signals is the key to finding success in the world of day trading.

One of the benefits of day trading is the potential for quick returns. However, it is a risky kind of trading and requires a high degree of knowledge and skills. A couple of common risks in day trading include market volatility, price fluctuations, and chances of losses. Thus, it's crucial for traders to follow a carefully crafted trading plan to manage these risks effectively.

Active day traders generally use a variety of tools and techniques to enhance their trading. Some of these are leveraged accounts, where traders here borrow funds for trading, and automated trading systems, which use algorithms to make trades.

Mastering the art of day trading requires patience, discipline, and continuous learning. Also, it's crucial to keep emotions in check and make trading decisions logically. Remember, in the world of day trading, the key to success is not about getting huge profits for every trade; it's about consistently gaining profits and building your trading account gradually.

Day trading can be an exciting venture, 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 a prosperous day trading career.