Who is day trading for?
Intraday trading strategies are suitable for the following categories of traders:
Beginners. Day trading does not require instant decision-making. A signal that appears on a signal candlestick can be verified on other timeframes, in related or directly correlated markets, and patterns can be found. In the H1 interval, you have 10 minutes for a complete analysis.
Traders who cannot spend 8-10 or more hours at their computer. In the H1 interval, it is enough to follow an open position for 5-10 minutes per hour.
Traders who work in different markets with a large number of assets at the same time. Since it's enough to follow one trade-in H1 for 5-10 minutes per hour, you can open another 5-10 trades and follow them one by one.
Traders who work with different types of strategies to diversify their risks. For example, they combine short-term scalping, swing trading, and day trading in different charts.
Fundamental traders. The price reacts to the news from the economic calendar within 1-4 hours. Daily strategies are often based on fundamental analysis.
Which suits you best: position or day-trading, scalping, or swing trading? You can only answer this question when you've tried your hand at each of these types of strategies on a demo account.Source: Litefinance
Articles from Al Amin Ahmed FahimView blog
Day trading strategies are also referred to as intraday trading. It means opening and closing positi ...
LiteFinance.com · There’s a lot to consider in making sure we approach these new technologies respon ...
You may be interested in these jobs
TeacherOn Uttara, Bangladesh Part time
I know little bit spoken English, but i need to learn advance writing & Spoken English . I think you can help me by leaning skill. ( What's app Number · *** Level: Expert · Gender Preference: · None ...
BRAC Enterprises DHAKA, Bangladesh Full time
Job ResponsibilitiesPrepare maintenance and overhauling schedule and then doing the work according to plan · Perform daily inspection and necessary maintenance of our all machinery parts categorically ...
TeacherOn Pahartali, Bangladesh Part time
English, Maths, Physics, Business studies & ICT · Level: Grade 11 · Gender Preference: None · Meeting options: · At home - Student can meet at their place.