Appreciating the fundamentals of day trading is crucial for anyone aiming to dive into this rapid field. Lots of individuals are intrigued by the prospect for making significant gains from day trading, but without having the proper information and strategy, it may become a daunting task.

To begin with, it's important to understand the definition of day trading. Essentially, day trading involves the buying and sale of financial securities within a single trading day. Day traders look to make the most of the small price fluctuations of stocks, currencies, or futures, emphasizing the importance of timing to score profits.

Day trading comes along with its own set of guidelines, which are crucial in securing success. A few of these rules include obtaining a solid strategy, staying current on market trends, and keeping an orderly approach.

A viable trading strategy requires research and discipline. You must understand how the market works and how securities will be affected by economic factors. This understanding can potentially be realized through continuous study, careful analysis, and constant application.

Staying updated with market news and trends is also essential in day trading. Happenings around the world can often cause sudden day trading market volatility. Being a day trader, you need to monitor these events closely as they can cause shifts in the values of the securities you're dealing with.

Maintaining discipline is similarly important in day trading. This entails remaining composed during times of market volatility and not allowing your emotions take control of the trades. Having a predetermined profit target and stop-loss limit can assist you keep a handle on your risks better.

On the other hand, day trading isn't for everyone. While it offers the potential for significant profits, the risks are equally high. Day trading only provides short-term gains, and losses can be devastating if you're not well prepared. It's thus important to gather adequate knowledge and exposure before diving into it.

To conclude, day trading is indeed a daunting field to venture into, but with the correct knowledge, strategy, and discipline, it may prove to be a lucrative field. Just as with any investment, it's crucial to understand the dangers involved and ensure you're fully prepared to deal with them. Above all, always make sure to remember that the goal of trading is to protect your capital, and earnings are just a bonus.