Best Day Trading Platform U.K.

Disclaimer: The products or services discussed in this article may not be offered by Taurex and may only be listed here for educational purposes.

Experts forecast that the global online trading market will increase at a 6.4% compound annual growth rate annually, from $10.21 billion in 2022 to about $13.3 billion in 2026.

But what are the best day trading platforms, and what strategies can help you become a successful day trader? What pros and cons does a desktop or mobile platform have in online trading?

This article explains why you need a trading platform and looks into the factors to consider when choosing the best online trading platform.

The article also lists the advantages and disadvantages of online trading through a desktop or mobile platform. 

Read on for some tips on day trading strategies and steps to open an online trading account.

tradetaurex.com is an online broker that provides trading services and offers more than 1500 financial instruments and competitive trading conditions for forex, commodities, indices, and cryptocurrencies.

What Is a Trading Platform?

Whether you’re a day trader or a long-term investor, trading platforms offer you a means of buying and selling stocks and other assets directly instead of going through a financial advisor.

You can also refer to these platforms as online brokerage accounts, investment platforms, or share trading accounts.

Trading platforms allow you to place trades online through a broker’s website or mobile device app. 

What Is Day Trading?

This activity involves buying and selling shares over a short period, typically within a day’s trading hours and earning money from these trades.

Day trading differs from investing, where you buy and hold shares for the long term.

If you’re a day trader, you may have a good chance to profit by relying on price volatility due to general market sentiment or company-specific news.

Day Trading Explained

Day trading is an investment strategy that focuses on short-term price movements. You can implement day trading in almost any asset class, such as stocks and commodities.

Unlike long-term investment strategies, day trading dictates that you only hold a position for several minutes to a few hours. The general rule of thumb in day trading is to close your position by the trading day’s end.

Some Common Trading Platform Terminology Explained

If you’re new to trading, the following sections explain the various terminologies used in trading that you’ll likely use often.

What Is Online Stock Trading?

Online stock trading is when you buy and sell shares using an online trading platform in the hope that you’ll turn a profit. Because of the internet’s wide-reaching coverage, online stock trading may be more accessible to people worldwide.

What Is an ETF (Exchange Traded Fund)?

An ETF consists of investments that include stocks, bonds, commodities and other investment assets traded on exchanges. ETFs provide a passive and low-cost investment strategy that helps diversify your portfolio.

What Is a Diversified Portfolio?

A diversified portfolio is a mix of investment assets from different companies of various industries and sizes.

Diversification helps ensure that the rest of your portfolio remains robust even if an industry or country experiences a sudden change in value for whatever reason. Diversifying your portfolio also helps prevent you from experiencing a substantial loss.

What Is a Stock Broker?

A stock broker is an institution or individual who buys and sells shares of stock on their client’s behalf.

You can only buy or sell stocks by becoming a member of an exchange (a centralised place where you make stock trades) or belonging to a company that is also a member of that exchange.

What Are Retail Investor Accounts?

You own a retail investor account if you buy and sell stocks and shares for your personal profit rather than on an organisation’s behalf. 

Retail investors usually invest less money than institutional investors like banks.

What Is a ‘Stop Loss’ and ‘Limit Order’?

You can place a limit order to trade assets at a specific price. For example, setting a buy limit order at $0.50 means your order will automatically execute if the cost of the asset you want to buy is $0.50 or lower.

Meanwhile, a sell limit order executes at a specific or higher price. You can set this limit if you want to sell your asset for a profit without constantly monitoring the share price in real-time.

Placing a stop-loss order can also help you limit losses if the asset’s price movement doesn’t go your way.

“What Do I Need to Open an Account With an Online Trading Platform?”

Most trading platforms require personal information and documents before you can open an account and start trading. These requirements include the following:

• Full name
• Phone number
• Email address
• Valid ID
• National Insurance Number
• Bank account details

“What Trading Account Type Should I Choose?”

Brokers can offer different trading accounts depending on the financial instrument to trade, the capital you wish to deposit and the amount of risk you can tolerate.

If your broker offers a demo account, you can also use that account to practise your trades without risking real money.

If you’re looking for tax-efficient alternatives, consider opening an individual savings account (ISA).

With ISAs, you’re exempt from paying capital gains tax on your investments. You don’t need to declare any interest, income or capital gains on your ISA.

However, platforms offering ISAs tend to charge higher share trading and account fees. These higher rates make ISAs less suitable for day trading.

Do You Prefer a Mobile or Desktop Trading Platform?

Your preferences depend on how you want to trade. If you want to buy and sell assets while on the move, consider using a mobile trading platform. However, if you want to make your transactions in the comfort of your room, consider a desktop setup for trading.

Pros and Cons of Desktop Trading

Every professional day trader does most of their trading on a desktop or laptop computer. The primary benefits of using these devices for accessing a trading platform, for example, are performance and screen size.

Trading on a computer allows you to create a trading station where you can analyse assets and review graphs trading easily.

Another benefit of desktops is that they’re mostly better in performance than most smartphones. You can run more programs and analysis tools simultaneously on a desktop, making analytical work on your trades more efficient.

You can also place a desktop in an office or room where you only trade. This way, you can treat trading more like a job and you may get more work done sitting in front of your computer.

However, desktop trading has one immediate downside: you must remain in one place. If you leave your computer because you must go somewhere, you may miss a potentially profitable trade.

Pros and Cons of Mobile Trading

Mobile devices have become an essential tool for many online brokers and many transactions on trading platforms are done using smartphones. If you trade frequently and spend more time on the road, consider using a mobile platform.

Mobile trading platforms allow you to track the financial markets even when you’re out and about. Even when you leave your desktop, mobile trading lets you open and close new positions and continue your market analysis.

Mobile trading can give you more opportunities to trade and improve your profit chances. With a user-friendly mobile trading platform, such as those running on Android or Apple devices, you can enter profitable trades or close positions you otherwise miss if you only trade on a desktop.

However, smartphones and other mobile devices have limitations in terms of screen size and the number of mobile apps you can open simultaneously. If you use multiple charts, viewing them on a small screen can be challenging.

What Assets Can You Day Trade?

You have several assets to choose from when you day trade. The following sections explain these assets further.

Day Trading Stocks and Shares

If you’re an intraday trader, you may want to look into penny stocks for your day trades. 

Penny stocks are securities trading below $5.00 per share. Penny stocks, formally called microcap stocks, are stocks with a small market capitalisation of less than $250 million or $300 million.

Penny stocks can encounter massive swings, so you should generate profits quickly by entering and exiting trades within hours or minutes. Since these stocks’ prices can move with such volatility, an inexperienced trader can quickly lose significant money.

Day Trading Funds

ETFs are becoming popular as one of the most efficient trading instruments. ETFs work for long-term investors and active traders because of their high liquidity and low fees for trading.

If you’re a day trader, consider trading ETFs on common indices like the S&P 500 (Standard and Poor’s 500) or commodities like gold or oil.

Day Trading Bonds

Due to their high capital requirement, bonds may not be the best financial instruments for day trading. However, bond futures provide high liquidity, high volume, low transaction costs and high leverage because of their lower risk profile. Bond futures can also provide you with that much-needed portfolio diversification.

Day Trading Forex

Forex or foreign currency exchange markets operate 24 hours daily. Forex instruments are great for short-term day trading as they offer high volatility, low capital requirements, large liquidity, and low transactional costs.

Forex trades in currency pairs, such as USD/GBP for the U.S. dollar and the British pound.

However, you must select an appropriate forex broker and currency pair that matches your day trading needs.

Benefits of Day Trading

You may have several reasons for choosing day trading as your way to profit from various financial markets. The following sections discuss the advantages of day trading.

Low Barrier to Entry

Getting started with day trading can be easier because the best trading platforms allow you to open an account and begin trading within minutes. Many platforms also allow traders to start trading even with a small first-time deposit.

Leveraged Day Trading Markets

Leverage allows you to trade major forex pairs worth more than your deposit. Suppose your broker offers a 50-to-1 leverage. If you have a $1,000 deposit, you can open a position worth $50,000 ($1,000 x 50 = $50,000).

In other words, leverage allows traders on a budget to access much more capital than their account balance permits.

Low-Risk Entry and Exit Positions

All forms of investing have some level of risk. However, if you’re an experienced day trader, you can reduce this exposure by setting up sensible entry and exit positions.

Doing so means determining the price at which you should enter or exit a trade. Reasonable stop-loss orders can help you leave a losing position with minimal risk.

For instance, setting a stop-loss limit at 2% means you shouldn’t lose more than 2% of your account value on one trade. You’ll close your trade at the stop-loss price (or better).

Day Trading Strategies

Trading securities can create an opportunity to earn money. At the same time, trading requires implementing a few strategies to help increase your profitability. The following sections discuss these strategies.

Demo Account Feature

Prior to funding your account and day trading with real money, consider starting with a demo account, especially if you’re a beginner.

Use this account to practice entering positions without risking capital. Demo accounts can help you learn how a trading platform works and understand real-time pricing charts and technical indicators.

Limit Orders

As a day trader, you should enter and exit positions with clear targets in mind. Limit orders can help you create such targets by specifying the exact price you want to execute a trade.

Suppose a stock trades at $1.32 per share, and you place a limit order buying the stock at $1.35. If the price movement hits this value, the limit order executes immediately.

Stick With Liquid Markets

Consider trading in liquid markets, especially when trading for the first time.

Liquid markets usually have significant trading volumes, meaning lower volatility levels and more competitive spreads than the market average.

Some of the most liquid markets you should consider trading are blue-chip stocks, major forex pairs, and gold.

Learn Technical Analysis

Successful day traders usually have a strong understanding of technical analysis. This strategy involves reading charts to help predict future price movements.

Technical analysis also requires understanding economic indicators like the exponential moving average (EMA), moving average convergence/divergence (MACD), and relative strength index (RSI).

Developing a deep understanding of technical analysis takes time. Still, technical analysis is one of day trading’s fundamental requirements.

Use a Copy Trading Tool

If you need more time to learn technical analysis, consider a copy trading tool that allows you to copy a trader and mimic their positions. If you’re a beginner, copy trading can help you trade in the financial markets even without years of experience.

Best Forex Signals

Forex trading without prior knowledge of technical analysis can be risky. However, if you have little time to learn this strategy, you can follow forex signals experienced traders provide.

Note that these signals are suggestions only and can vary depending on the expert’s analysis. Most of the information these investors provide usually includes the following:

• Forex pair to trade
• Buy or sell order
• Limit order price
• Stop-loss order price
• Take-profit order price

Since the team of expert traders providing the signals has performed the necessary market analysis, beginners can immediately trade forex with little research. However, it is important to keep in mind that signals should not be considered investment advice and investors should never rely solely on signals when making trading decisions.

Trend Trading

The trend trading strategy attempts to capture gains by analysing an asset’s momentum in a specific direction. When a price moves in one general direction, the movement is called a trend.

If you’re a trend trader, you should enter a long position (buy) when an asset trends upward. Alternatively, you can enter a short position (sell) when the asset trends lower.

Swing Trading

Swing trading helps you exploit an asset’s short- to medium-term price movements using favourable risk-reward metrics. If you’re a swing trader, you will likely rely on technical analysis to find suitable entry and exit points. However, you can also use fundamental analysis as an additional filter.

Scalping

Scalping is a popular strategy in which you sell immediately after your trade becomes profitable. The price target is whatever figure that earns you money on the trade.

This strategy involves exploiting small price gaps due to the bid-ask spread and requires you to enter and exit a position quickly, typically within minutes or seconds.

Money Flows

Money flow consists of the high, low, and closing price averages and multiplying them by the daily volume. When you compare the result to the previous day’s outcome, this indicator can tell whether the money flow is positive or negative.

Positive money flow suggests that prices may move higher. Negative money flow indicates that prices may fall soon.

Mean Reversion

Mean reversion suggests that various factors like asset prices and volatility of returns will eventually revert to their long-term average levels.

This strategy helps you capitalise on extreme changes to a particular asset by assuming its price will revert to its previous state.

Sticking to the Strategy

Successful traders usually move fast, but that behaviour is likely because they have developed a trading strategy and the discipline to stick to it. Once you have established a plan, follow your formula closely instead of trying to chase profits.

Don’t let your emotions control your trades and make you abandon your strategy. Plan your trades so that you can make transactions logically.

Day Trading Software

As you allocate more time and capital to your trading activities, online brokerages can provide you with tools and functionality at a cost that won’t take up most of your profits. Access to reliable data is vital as your ability to test trading ideas before deployment relies on this information.

Key elements to value in a day trading platform include speed, reliability, costs, customer support and charting tools. Backtesting capabilities can also help you determine your chosen strategy’s accuracy.

How Much Do Day Traders Make?

As of March 2023, an average day trader’s annual salary was between $34,000 and $96,500. If you’re a day trader, your earnings can be higher or lower depending on your trading style and objectives.       

How Much Do You Need to Start Day Trading?

Different trading brokers like eToro, AvaTrade, and Plus500 vary in how much capital you must have in your account. For a Standard account, Taurex requires a deposit of £500 to trade.

You may also need additional funds in your account, depending on the assets you choose to trade and the minimum deposit your broker requires you to maintain in your account.

Tax on Day Trading

The sections below discuss the relevant taxes that can apply to your trades.

Is Day Trading Taxed?

Some countries require you to pay tax on any profit you earn from trading. These taxes include capital gains and financial transaction tax.

Capital gains tax is deducted from earnings made from selling assets like real estate or stocks.

A financial transaction tax is levied on each transaction that involves buying and selling financial assets.

Different types of trades, like spread bets, have varying taxes and fees applicable depending on the country where you’re trading.

Capital Gains Tax

Suppose you earn $500 after selling assets anytime within a year. When filing your annual tax returns, you must report that $500 as capital gains for that period. From there, your country’s laws will determine how much tax to deduct from your earnings.

“Do I Pay Tax on Share Dealing?”

Tax laws vary by country, including how much tax to collect from trading shares. 

Ask your broker or check your country’s laws to determine what taxes and fees apply to your trades.

Depending on your country’s requirements, you may also need to pay additional taxes for the following:

• Shares from a company incorporated in your country
• Interest in shares, such as interest in the money earned from selling those shares
• Rights from shares, such as rights you receive when getting issued new shares
• Shares of a foreign company registered in your country

How to Become a Day Trader

Consider the tips below to start trading and become a successful day trader.

Do Your Analysis

Learn and use the various analysis tools to help you find reliable information about your investment options and trades.

Boost Your Stock Market Knowledge

Read books and watch video tutorials or webinars about stock trading and investing to help increase your knowledge about the stock market.

Some brokers provide educational materials on how you can read the markets and implement strategies to help make your trading experience more profitable.

Set Your Trading Strategy

After learning the different trading strategies, use a demo account to test which ones work for your trading goals. Find one or two that produce consistently profitable results, and consider using those strategies for real-money trading.

Choose Your Investments

Choose the financial instruments you want to invest in, such as stocks, ETFs, and commodities.

How to Get Started With Day Trading

The sections below show how to start day trading using a platform for trading securities.

How Do Beginners Trade Stocks?

To begin stock trading, you need to open a live trading account.

Research and choose the stocks you prefer to trade. Analyse these stocks’ direction to help you determine whether they’re likely to increase or decrease in value.

Next, determine your entry and exit points and implement a risk management plan. After meeting your trade conditions, open an order ticket and set your take-profit, stop-loss orders, or both.

Monitor your trade watchlist according to your trading plan and close your positions when you reach your target prices.

After closing a trade, note what went right and what you must improve for future transactions. Consider recording your experiences and thoughts in a trading journal to help you track your progress.

“How Do I Day Trade Using a Demo Account?”

Many day trading platforms offer a free demo account, but you must still sign up to access it. You can practise trading using the demo account’s simulation without risking real money. You can also reset the account as many times as you like.

Step 1: Open an Account

Register for an online trading account by signing up with a regulated broker.

“How Do I Open a Trading Account?”

You can open an account through the broker’s web-based portal or mobile trading app. Some platforms can take only a few minutes to register.

To open a trading account, provide basic information like your bank account details, debit card details and other I.D.s that help prove your identity.

Step 2: Verify Your Identity

Upload a copy of your government-issued I.D., like your passport or driver’s license and a proof of address, like a financial statement or recent utility bill.

Step 3: Deposit Funds

Deposit money into your newly created account. Some brokers can charge a deposit fee based on your payment method. Depending on the account type you opened, you may also need to maintain a minimum deposit.

Step 4: Start Day Trading

Use your account dashboard to search for the instrument you want to buy, such as ETFs, indices, commodities, forex or cryptocurrencies.

After finding the asset you want to trade, place your order and indicate how much money you want to use for trading.

If you trade securities, you can set how much leverage to apply to your trade. Then, enter a stop-loss and take-profit level to manage your trading risk.

Day Trading and Risk

Trading assets daily involves minute-to-minute decision-making and leveraging strategies that can lead to substantial losses if not managed properly. Many things can happen during the day, resulting in significant market and stock volatility that even the most experienced day traders can find challenging.

Day Trading vs Swing Trading

While day trading strategies require that you shouldn’t keep any position open past standard market hours, swing trading gives you more flexibility regarding how long you want to keep a position open, usually from a few hours to several weeks.

Day trading focuses on intraday price movements, so forex day trading strategies typically look for volatile market conditions.

On the other hand, swing trading’s main aim is for you, as an investor, to look for short- to medium-term trends and profit from the price movement of these trends.

Is Day Trading Right for You?

Day trading can be daunting for the average investor because of the risks involved. Some of the challenges of day trading are as follows:

• Severe financial losses: Day traders typically experience substantial losses in their first months and some people may not make a profit.
• Extremely stressful full-time job: Monitoring numerous price fluctuations and stock ticker quotes to spot fleeting market trends demands your total concentration.

A ticker is a symbol or unique combination of numbers and letters on which trades are executed.

• Dependence on borrowing money: Day-trading strategies use leverage to make profits. However, you can lose money and wind up in debt if you don’t manage leverage properly.

Taking Financial Advice

If you’ve decided to start day trading, prepare to commit to the following pieces of advice:

• Ensure you have sufficient knowledge of the trading world and clarity of your goals, capital and risk tolerance.
• Prepare to put in the time to practice and improve your strategies.
• Start small and focus on trading a few stocks first. Going all out may complicate your trading strategy and lead to significant losses.
• Keep calm and try to avoid becoming emotional while trading.

Please Note

Day trading takes plenty of knowledge and practice and several factors can make it challenging. Know that you’re trading against professionals with a long experience involving trading. These people likely have connections in the industry and access to the best technology.

FAQs

• Why is day trading important?

Day trading allows individuals to profit from daily price movements in a way that’s easy to understand. Day trading is the least involved in calculations, terminology and other data points that might confuse traders regarding how this trading method works.

• How is day trading done?

In the early days of the stock market, traders bought and sold shares in person on the New York Stock Exchange’s trading floor.

Today, you can trade over the phone and trading platforms allow you to transact online. Each trading platform is different, so do your research to know which platform caters to your needs.

• Is day trading allowed?

You can engage in day trading if you’re in a country with a legally operating broker that accepts day trades. 

Some overseas brokers may provide day trading. However, ensure that these brokers are regulated to help protect your money.

• How can I learn day trading?

The best way to learn day trading is to research the ins and outs of technical analysis. This way, you learn how to read pricing charts and deploy technical indicators. Consider practising technical analysis using a demo account before trading with real money.

• How much can I make in day trading?

How much you earn in day trading depends on how many trades you place that result in a profit. If you’re trading for the first time, you may lose more than you can afford, so exercise caution when day trading.

• Are there pattern day trading rules?

The pattern day trading (PDT) rule is a U.S.-specific regulation requiring day traders to maintain a minimum capital balance at their respective brokerage.

• What is an ISA?

An individual savings account (ISA) is a tax-free saving and investing tool. You can save up money in one account or across other account types, including:

• Stocks and shares ISA
• Cash ISA
• Innovative finance ISA
• Lifetime ISA

• Can I day trade with an ISA?

You can day trade with an ISA. However, some brokerages providing such accounts don’t offer day trading. Instead, you must find a trading platform offering ISA accounts and tools for day trading.

• Can I day trade mutual funds?

You cannot day trade mutual funds. These funds typically settle transactions and update prices once daily, so there is no way to trade on price fluctuations throughout the day. However, you can day trade ETFs.

• How do I day trade Bitcoin?

To start trading Bitcoin, open an account with a licensed and regulated broker and fund that account with enough capital to trade cryptocurrencies.   

• What should a beginner invest in?

Day traders can earn money by taking advantage of price movements in individual assets like stocks, futures, currencies, and options. 

If you’re a beginner, you can trade any of these assets. However, you should also look into the following elements:

• Liquidity: How easy it is to buy and sell an asset
• Volatility: The daily price range in which the day trader operates
• Trading volume: The number of times an asset is purchased and sold within a specific period

• How much does Taurex charge?

Taurex’s fees depend on the account type you open. The broker charges zero commission for a standard account. Meanwhile, Taurex charges $3.50 for every $100,000 traded in pro accounts.

• How do I buy stocks online?

To buy stocks online, follow these steps:

• Open a trading account with an online broker and fund the account.
• Research the shares you plan to purchase using market research and the trading tools the broker provides.
• After choosing a stock, fill out your order ticket by indicating the number of shares you want to buy.
• Place your trade.

• How can I trade forex?

The first step to trading forex is to choose a licensed and regulated broker and open a trading account.

Fund your account with enough capital that you can afford to risk. After opening an account, learn how to use the trading platform and develop a strategy to help you become profitable in forex trading.

Next, start trading forex by following your strategy and sticking to your plan.

• What is a SIPP?

A self-invested personal pension (SIPP) is a tax-efficient tool for saving retirement funds. SIPPs are government-approved and enable individuals to make their own investment decisions.

Unlike other traditional pension models that restrict your investment choices to a limited number of funds, SIPP offers you the ability to self-direct your investments.

• What fees will I pay?

Depending on what your broker charges and the type of asset you’re trading, the account fees you pay can include the following:

• Share trading fee
• Platform fee
• Foreign exchange fee
• Withdrawal fees
• Inactivity fees
• Buy-sell spreads

Some brokers can provide commission-free trades, meaning these providers don’t earn from commissions. Instead, these brokers can charge you on the trade’s spread.

• What are fractional shares?

These shares are a proportion of one share. You can buy fractional shares if a company’s share price is high enough and you want to invest for less than that amount.

Some stock trading apps offer fractional share ownership. Any dividend you receive per share will also be fractional if you buy fractional shares.

• What taxes will I pay when buying and selling shares?

Depending on the country where you trade, the following taxes can apply to buying and selling shares:

• Stamp duty tax
• Capital gains tax
• Financial transaction tax
• Income tax

• What’s trading ‘on margin’?

You may borrow money from your broker to fund your trades to increase profit. This strategy is called margin trading or using leverage. Some brokers allow you to borrow up to 50% of the total share price.

Suppose you want to buy $20,000 of shares but can only fund $10,000 and borrow the rest from your broker. If you bought stocks at $1 per share and sold them at $2, you’ll make a $20,000 profit. The calculation is as follows:

$10,000 cash + $10,000 borrowed amount = $20,000 worth of shares

$20,000 x $2 selling price = $40,000 sales – $20,000 = $20,000 profit

If you don’t borrow money, your profit will only amount to $10,000 ($10,000 cash x $2 selling price = $20,000 sales – $10,000 = $10,000 profit).

• What should I know about buying U.S. shares?

You must pay the applicable share trading fees and foreign currency exchange fees to trade overseas shares, such as U.S. stocks.

You will also fill out a W-8BEN form (valid for three years) that allows you to benefit from a withholding tax reduction from 30% to 15% for qualifying U.S. interest and dividends.

Holding U.S. shares carries a foreign exchange risk exposure. If the pound increases in value against the dollar, your shares will have a lower value.

The profit you gain from trading U.S. shares is subject to capital gains unless you hold those shares in an ISA or SIPP.

• What regulatory protection should I look for?

When choosing a trading platform, ensure you work with a provider regulated by an authoritative body that allows you to file complaints against erring trading providers.

Also, consider choosing a broker that gives you financial services compensation if the provider goes out of business.

• What should I consider before share trading?

Shares can be an excellent way to produce higher returns than cash-based investments. A buy-and-hold strategy is a lower-risk option than day trading.

Whatever strategy you take, your investment can go up and down in value and you can still lose your money. Implement the necessary risk management strategies to minimise or prevent losses.

Investing in a diversified portfolio of shares through an investment trust or exchange-traded fund can also help reduce your risk exposure to an underperforming company.

If you’re still uncertain about which trading or investment decision to make, seek financial advice from an experienced investor or financial adviser.

References

1. Global online trading market from 2020 with forecasts to 2026 https://www.statista.com/statistics/1260026/forecast-global-online-trading-platform-market/
2. Individual Savings Accounts (ISAs) https://www.gov.uk/individual-savings-accounts/how-isas-work
3. Penny Stock vs. Small Cap Stock: What Is the Difference? https://www.investopedia.com/ask/answers/050115/what-difference-between-penny-stock-and-small-cap-stock.asp
4. Microcap stock https://www.investor.gov/introduction-investing/investing-basics/glossary/microcap-stock
5. Top Day Trading Instruments https://www.investopedia.com/articles/active-trading/030415/top-day-trading-instruments.asp
6. Trend Trading: Definition and How Strategy Aims For Profit https://www.investopedia.com/terms/t/trendtrading.asp
7. 10 Day Trading Tips for Beginners https://www.investopedia.com/articles/trading/06/daytradingretail.asp
8. Thinking of Day Trading? Know the Risks https://www.investor.gov/additional-resources/spotlight/directors-take/thinking-day-trading-know-risks
9. Trusts and taxes https://www.gov.uk/trusts-taxes/trusts-and-capital-gains-tax
10. Tax when you buy shares https://www.gov.uk/tax-buy-shares
11. Day Trading: The Basics & How to Get Started https://www.investopedia.com/articles/trading/05/011705.asp#
12. Individual Savings Accounts (ISAs) https://www.gov.uk/individual-savings-accounts/how-isas-work

Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial advice. It is not intended to be a recommendation to buy or sell any financial instrument or engage in any investment activity.

While we strive to provide accurate and up-to-date information, we do not guarantee its completeness or accuracy. We rely on various sources for the information presented, and we cannot guarantee the reliability or accuracy of these sources.

The information provided here does not necessarily reflect the products or services offered by our company. Any mention of financial products or services is for informational purposes only and should not be considered an endorsement.

All investments involve risk, including the potential for loss of principal.

This information should not be considered as financial advice. You should always seek professional financial advice from a qualified advisor before making any investment decisions.