Keep an eye on each of your trades every day because you cannot overlook risk. Make use of your demo account to practice a strategy over and over again. It is not about knowing everything but implementing one strategy that gets you results. Oanda and XM are trustworthy but that doesn't mean they will make you richer than others would.
I know it’s much-recommended to practice on a demo account. But when you switch to trading with real capital, a bumpy ride will start for several months. You won’t see what you practised on the demo account. It’s better to focus on precision and implementation to steady nerves.
Try fxopen. This company has quite favorable trading conditions for intraday trading, low spreads (for example for EURUSD spread is 1-2 pips) and instant execution of orders.
Look for brokers that offer low commissions, fast execution, and robust trading platforms. Consider those with good reviews, transparent fees, and educational resources. Platforms like Robinhood, Webull, or TD Ameritrade can be suitable for your day trading needs.
I think it is also important that the broker is regulated and has a long history in the market (for example, my broker fxopen is FCA licensed and has been operating successfully for over 16 years), so that you don't have to worry about your investments and focus only on the trading process.
When looking for a trustworthy broker for day trading, focus on low commissions, tight spreads, and fast execution. Choose a platform with reliable customer support, strong security features, and a user-friendly interface. Ensure they offer real-time data and tools to help you make informed decisions.