Within the financial sector, day trading is a preferred investment strategy which is both rewarding and challenging. This strategy revolves around trading various financial instruments in one single trading day. To succeed in day trading, an investor requires a clear understanding of the market and disciplined investment strategies.

Day traders typically don't keep their positions past the day's end. This type of strategy has the potential to generate significant profits but also carries a high degree of risk. Hence, a strategic and well-calculated approach is crucial.

A successful day trader must have a range of skills which include strong discipline and quick decision-making. Moreover, command over technical analysis, sound judgement, and website a deep understanding of market trends are essential for success as day trader.

Risks and challenges are synonymous with day trading. Volatilities and unpredicted market shifts can result in significant losses. Moreover, day trading requires a significant investment of time and resources. Thus, assessing your risk tolerance, financial goals, and available resources is critical before you venture into day trading.

Various financial instruments are available for day trading. From stocks and forex to futures and options, traders can choose what suits their trading style best. Each of these instruments has specific advantages and pitfalls, so understanding your investment goals and risk tolerance is critical to choose the right instrument for trading.

A solid trading plan holds of utmost importance importance to succeed in day trading. The plan should include details like the financial instruments one intends to trade, the risk tolerance level, and the profit targets. Also, it helps to have risk management strategies like stop-loss orders incorporated into the trading plan.

Constant Market observation plays an undeniable role in day trading success. Keeping a close watch on international news, economic events, macroeconomic indicators, and market trends is essential for day traders. Such monitoring equips traders with insights into potential trading opportunities and risk factors.

While day trading might seem daunting initially, with perseverance, discipline, and effective risk management, it can act as a lucrative investment strategy. However, it is important to remember that like any investment strategy, day trading does not guarantee profits and is subjected to market risks. Therefore, it requires careful analysis and vigilant consideration before investing.