2023-09-08 04:00:00
Investing as a rush
The low barriers to entry make day trading particularly tempting.
(Photo: IMAGO/panthermedia)
Düsseldorf Deniz was hoping for quick money. Day trading seemed to be the solution. The first profits confirmed him, but then the addiction came – and with it a loss of around 110,000 euros. Deniz actually has a different name. He wants his story to be published anonymously.
Betting on currencies, raw materials and stocks in the short term and making high profits quickly: That sounds tempting to many people. That’s why private investors repeatedly try to increase their savings through day trading.
Day trading refers to trading financial products within one trading day. When the sun goes down, all positions are closed again.
Because the price fluctuations on a day are usually very small, day traders use leverage to make a relevant profit even with manageable starting capital. Most private day traders therefore do not buy underlying assets directly, but rather trade with derivatives such as equity bonds, contracts for difference and options.
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