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9 Jarock
9 Jarock
9 Jarock
1. Scalping
It is one of the simplest options that even newcomers can try. All that is necessary is to
establish a plan for closing positions and clearly follow it. For example, when setting 3×3, the
transaction will be closed when the trend’s position rises or falls by 3 points. The crucial
point is to follow the plan strictly. Often it is tempting to move the lower foot when it is
necessary to fix a loss, but in this case, scalping turns into intuitive trading, which in 10
situations out of 10 will lead to a drain on the budget.
3. Technical analysis
The strategy is less popular, as it requires more serious preparation and experience. It
provides a detailed analysis of charts, which also takes a long time and reduces the number of
transactions you can make during the trading day.
Regardless, technical analysis skills are useful during scalping to determine the best entry
points. Traders who have gained experience use it in other approaches to trading and show
high results in day trading if some other conditions are met.
4. VSA analysis
A relatively recent strategy that relies on trading volumes as a key indicator. Positions, as a
rule, are opened at the moments of increasing volumes, which provoke a rise in prices. If you
want to try this approach, you should pay attention to the instrument’s volatility. The higher it
is, the more profit can be fixed at moments of increased demand if you open a position on
time.
If you don’t know anything about Forex trading, check the Forextime blog: it will provide
you with all the necessary information on stocks, strategies, MetaTrader 5, and so on. You
can access the platform from any country of the world, be it Australia, Nigeria, or France.
Performance of Day Trading
The first and most important is the psychological aspect. During intraday trading, profits are
observed much more often during transactions. In the background, it is easier to follow a
clear strategy and fix losses where it is necessary. Closing all transactions in one day, you can
immediately summarize and see the results.
Day trading does not depend on global news. Traders are trading for a long time when the
markets are widespread. They count on the correction and the continuation of the movement.
At this time, those who trade during the day close positions and open opposite ones.