When you look at a price chart—whether it be for a stock, foreign currency pair, or futures contract—it seems like it should be pretty easy to make money. Adopting such a perspective can lead many people to think day eay is relatively easy and a quick way to riches. Day trading can provide significant income if you know how to go about it. However, for most people, the required amounts of time spent learning and practicing prevent them from gaining enough experience to become consistently profitable with their trades. It’s a challenge to turn a profit through day trading, and although every day trader believes they can make money, about 95 percent of the people who attempt day trading end up with a net loss. You can improve your odds of profitable trading by understanding the risks that can lead to losses and by getting past the assumption that day trading is easy. A primary reason traders lose money is the absence of a solid trading strategy. Caan looking at a chart in hindsight ...