Day trading can be defined as a unique form of business transaction where investors trade financial instruments all during the same business day. This specific trading strategy involves executing numerous transactions daily, profiting from small price fluctuations.

Traders specialising in day trading use various methods to anticipate these price swings. Some methods consist of technical analysis, here which examines past market data, and fundamental analysis, which looks at a company’s financial health.

In day trading, the timing of trades is extremely crucial. Day traders must be ready to react rapidly changes in the market. Detecting changes and interpreting signals are the key to moving with success in day trading.

One of the benefits of one-day trading is the potential for quick returns. However, it is a dangerous kind of trading and requires a substantial amount of skills and knowledge. Several common risks in day trading include price volatility, market fluctuations, and potential losses. Thus, it's essential for traders to have a well-thought-out trading plan to manage these risks effectively.

Active day traders generally use several tools and strategies to enhance their trading. These include leveraged accounts, where traders borrow funds for trading, and automated trading systems, which employ algorithms for trading.

Learning the art of trading within a single day requires patience, discipline, and continuous learning. It's also essential to keep emotions in check and make rational trading decisions. Remember, in day trading, the pathway to success is not about maximizing profits with every transaction; it's about consistently gaining profits and building your trading account gradually.

One day trading can be an invigorating venture, but remember to be well-prepared. Educate yourself about the market dynamics, keep enhancing your skills and never stop learning, and possibly, you could unlock the secret to successful day trading.