I dont like it too, it is toooo risky and you can easily lose everything if you start a bad trade or if suddenly the pair that you are trading go to negative numbers and you start to lose it all.
That is why i prefer holding instead of trading
Its true the risk of daily trading is much bigger although you can make some good profits on it but still sometimes day trading makes more money if you got to know how and when to enter and exit in the market.