Day trading can be defined as a unique form of stock trading where investors exchange financial instruments in one single trading day. This form of trading involves engaging in multiple trades every day, profiting from short-term price variations.

Traders specialising in day trading use various methods to predict these price movements. These include technical analysis, which examines past market data, and fundamental analysis, which assesses a company's financial status and market position.

In this type of trading, timing is everything. Traders need to be ready to quickly act upon changes in the market. Detecting changes and interpreting signals are the key to making successful trades.

One of the benefits of day trading is the potential for quick returns. However, it is a hazardous kind of trading and requires a substantial amount of skills and knowledge. Several common risks in this form of trading include hazardous price and market fluctuations and possible losses. Thus, it's very important 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. Including leveraged accounts, where traders can borrow money to trade, and automated trading systems, which use algorithms to make trades.

Getting a grip of the art of trading within a single day requires patience, discipline, and continuous learning. Additionally, it's important to keep emotions in check and make rational trading decisions. Remember, in the field of day trading, the pathway to success is not about getting huge profits for every trade; it's about steadily making gains and enhancing your trading day trading account.

Trading the day can be an exciting venture, but remember to do your homework. Keep yourself informed about the market dynamics, keep enhancing your skills and never stop learning, and possibly, you could unlock the secret to a prosperous day trading career.