Day Trading Strategy

What is Day Trading or Intraday Trading?

When you open & close your trade within a day. That is called as day trading. Means all of your opened trades get closed within the day, does not stay open until the next day. Daily to daily cash trade. With this kind of trading, you do not need to pay forex overnight swap charges. You can sleep peacefully without worrying about any market gap which occurs at the start of the day, especially on Monday or after any trading holidays.

Why is it Popular Among Forex Traders?

As we all know forex market is a highly volatile market. Hence day trading is the best possible choice for professional traders, forex fund managers, institutional investors. New traders get highly excited about day trading because they have a common myth “Let’s get rich tonight!” But in reality, day trading requires expertise & experience with the forex market. Because forex market works in a clockwise manner, for this reason, market timing is very important.

Based on our advance intraday/day trading indicators, you will be able to gauge the market possible supports & resistance level along with market turning times. Find our top forex indicators.

How Much Should I Trade Per Day?

For a standard trader, 1 – 3 or maximum 5 good quality trades per day is reasonable. But some traders who basically hedge or does the basket trading, they require to place a lot of orders, that totally depends on his/her position. Institutional traders executives lots of high volume trades per day or even in per minute. Learn more about the different types of forex market players.

Top Day Trading Forex Strategies:

Related Pages

How To Trade With WD Gann Grid Indicator

WD Gann Grid tool is the most demanding indicator with metatrader. Metatrader has a free Gann Grid drawing tool, but unfortunately, it is not up to the mark with the original method of WD Gann master charts. There are very fewer resources available for the traders to understand the ultimate mechanism of WD Gann grid […]

Read more

Mastering Trades with Forex Market Hours

Mastering Trades with Forex Market Hours

Forex market is 24 hours market, covering all continent’s trading sessions.  For this particular reason, it is very popular, cause you can trade it anytime during weekdays. But there is a catch, not during all the market hour, all currency pairs stay active. Thus it varies currency to currency & with stock exchange regional location, opening […]

Read more

 Real Logic Behind 2% Trading Risk <br> <h5 class='text-muted'>Money Management</h5>

Real Logic Behind 2% Trading Risk
Money Management

All over the net, you find this particular percentage as a standard norm. Some traders may disagree, cause some traders risk more than 10% per trade, say W.D.Gann. He persistently repeated 10% per trade risk. But he also has the highest strike rate of winning. Based on his public statistics, he said it is not […]

Read more