Day Trading strategy to get Gains Trading quickly

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Trading

When you start to learn online forex trading, trading on the same day is a trading strategy the most minimal risk. Strategies such as these are known as day trading strategy, in which a trader to open and close positions on the same day, with the potential to profit from price changes that appear in one day.

This strategy is applied if you have the time to observe the movement of information and chart the prices constantly throughout the day. Thus, you can perform the necessary action if at any time there is a price movement outside estimates.

There are several techniques which fit the strategy applied in day trading. Here are a few examples:

Trend Trading

This technique is done by observing the trend of price movement of a currency pair on a longer span of time to discover potential points of entry and exit a trade.

For example, the chart of the currency pair that you want, select display chart period daily or weekly to see the trend of price movement is underway. If you have found the trend, narrow period look and observe the movement of prices in the range of minutes to a few hours. Open position trading in the direction of the observed movements.

Counter Trend Trading

In contrast to the trend trading, trend trading counters require that you see the gap reversal or motion reversal rates at the end of a trend. To do so, observe the movement of the trend on the range chart daily or weekly, and then wait until you find the point of saturated a trend.

You can find a point of saturation using the assistance of indicators like stochastic RSI, or to see the potential overbought or oversold from a currency pair. If the opportunities are already visible, locate the position of the point of entry that you will open. However, it should be noted also that the trading techniques such as these have a higher risk, but also have the potential for huge profit.

Breakout Trading

These trading techniques you can use when the price of a currency pair is moving volatile with a distance of support and resistance. The movement of solids such as these usually indicates a breakout or a big price movement will occur.

To anticipate, find the highest point of resistance and the lowest support, then open a buy position above the point of resistance and sell positions under the support point. In this way, when a breakout occurs in one direction of movement, you can simply close the opposite position and wait until the price movement of produce profits that you want.