One of the most important Forex day trading strategies is to enter the stop loss point at the moment you initiate the trade. Different things can happen, for example, the power failure might occur or something will happen with your Internet connection - the actual stop loss point that you enter on your trading platform at the time you enter the trade will protect you from substantial losses in these conditions.
Day traders use the lower or shorter time frame charts to trade, such as 5-, 15-, 30-, 60-minute and 4-hour charts. These charts are also called intra-day charts. To be a successful day trader you need to give your full attention to the market.
Another thing you can do for day trading is to buy Forex robots that are ready-made software programs you can run on your trading platform. Make sure you buy one that is specifically designed for short-term trading. It might also have different modules suitable for different time frames. Before buying them you need to make sure the program is well-tested in real-time.
Note that ready-made Forex robots are NOT loss-proof. You still need to try these programs on demo account under different settings before you can use them to trade real money. Day trading the Forex market is a lucrative business if you have enough knowledge and approach it the right way.
It is virtually impossible to be engaged in day trading and have a full-time job. You can do this only if you have a system in place that can enter the market at a certain setup and exit based on the risk management and money management strategy you have in place.