Day trading, typically known as trading of securities throughout a single day, has become a prolific method of generating income in the financial world. Day traders often exploit the minute price movements in the stock markets to make profits.

Before embarking on on the journey of day trading, one has to understand that it needs method. Lacking strategy, it is just akin to gambling, and the gains may not be sustainable. Successful day traders often employ various strategies, including arbitrage, swing trading, and scalping.

The method of scalping involves making small profits from a large number of trades. Scalpers generally hold positions for a few minutes or even seconds. The main objective is to purchase stocks at low prices and sell them when the price increases.

The swing trading method, on the other hand, is for those who can spend a portion of their day monitoring the stock market. Swing traders make use of the swings in stock prices caused by news events and the general workings of the financial markets.

Arbitrage trading is about making a purchase in one market and trading in another, profiting from a temporary difference in prices. It is usually considered risk-free for the investor.

Day traders also employ several types of market analysis tools to forecast which way the price is going to move. Technical analysts look at price patterns and chart indicators to foresee future price movement.

While day trading holds the potential for substantial profits, it’s not without risk. Probably one of the most significant risks in day trading is its erratic nature. Share prices can ramp up or decrease rapidly, and it can be difficult to know which way they’ll go.

To mitigate such risks, all traders should develop an exit strategy. It's additionally vital to spread out your portfolio and not put all your eggs in one basket.

Lastly, just like any other profession, the key to success in day trading lies in self-education. Peruse as much as possible and stay updated with market developments. The more data you have, the more effective your chances of making a successful trade.

To sum up, day trading is a lucrative but risky website endeavor. It requires considerable commitment, a good grasp of strategy. With these in place, anyone can succeed in this game of numbers. Make time to educate yourself and develop an effective strategy, and watch your earnings grow.