Best Day Trading Strategy Forex

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What is the best day trading strategy for stock traders? There are millions of strategies available in stock trading. Well, maybe not a million – but a lot. In this article, we will review them to show you the five day trading strategies that offer high profit and low risk.

The annual historical average of the S&P 500 Index is 8-10% per year. Day traders believe that by trading on a daily basis based on technical analysis, they can reach 20% or more per month. This means more than 200% return on investment annually.

Best Day Trading Strategy Forex

Day traders often use a trading strategy based on technical analysis, as there is little basic information on most trading days that will significantly increase or decrease the stock price.

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Our selection of the best day trading strategies is organized by category, complete with examples as part of the first day trading guide.

However, don’t forget to test all the strategies using a trading simulator, paper trading accounts and set up with your preferred backtesting software for your favorite trading period. Don’t start trading for real money until you are sure you have an effective strategy.

The gap and go strategy is one of the most popular trading strategies among day traders. Leader spacers have what day traders want. High-average sales volume, large sales stocks, very low bid spread, a lot of confusion and awareness for the community when it hits all crawlers.

Owners of leading gaps often alert investors to the opening of the market, and large gaps can cause problems for short traders. They have to close short positions to avoid further losses. As the surplus stock grows, the short-term traders will suffer.

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The key to success is finding high and low levels with a steady stream of growth and a steady stream of high-quality content with a spread of bids.

The breakout trading strategy focuses on buying stocks immediately after crossing major resistance levels. This level of resistance can be a daily high, a weekly or monthly high, a pivot price level, or any price level that has acted in resistance to previous price movements.

A typical holiday trading strategy creates a buy signal when the resistance price breaks after a period of price consolidation. The ascending triangle pattern is a pattern of price inflation that is often seen at large resistance levels. This is a pattern that many retailers want as a time to buy during the general uptrend. One reason to place trades outside of the ascending triangle is because there is a chart layout that most stock scanners can do well.

The ascending triangle pattern also provides the trader with a clear profit target and a level of loss price. For example, the first gain might be the price of the distance above the vertex of the triangle, which in the construction of a triangle is equal to the distance from the vertex of the triangle to the lowest point of the triangle. lowest swing. And below this lowest swing many traders place stop orders on this type of breakout trade.

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Another great exit day trading strategy is to exit at the opening stage. Opening breaks can be traded in any term and in asset classes such as stocks, futures, cryptos, and forex.

I’ve compiled a complete guide to the strategies and variations of the opening breakout. If breakout trading is right for you, consider reading the guide.

The strategy of trading on a withdrawal day is very similar: looking for a place to make a purchase with the stock often going up when there is a withdrawal and predicting that the stock will go even higher.

This strategy works well with all stocks where the day’s price action shows a steady rise with occasional moderate pullbacks. The key to profitable trading is to set the right price to buy when there is a price drop. Two simple ways to determine the price of entering a good and risky market are to use averages or trends.

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A good way to determine your first break loss is to work first with a 1: 1 payout ratio. Let’s say the maximum on a trading day is $ 21 and you go as far as $ 20.

Your profit goal is the previous high and the first stop is $ 19. That way, your initial risk is the same as your initial profit goal.

Remember that price movements must support high -level theory in order to find new highs. Entering a trade near VWAP and retaining VWAP, for example, are frequently used signals because VWAP trading is a frequently used trade signal that represents the average price. Otherwise, the transaction may close before one event or another occurs, for example in par.

Most day to day trading strategies are based on technical analysis. However, this does not mean that there is no day trading strategy based on basic analysis.

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New trades are a very risky – but potentially very beneficial – day trading strategy. Often alarming price movements occur in a stock after the release of important company information, such as a partnership agreement or a report of unexpected or bad earnings.

Unexpected, shocking and often volatile price movements following the latest news pose a challenge to peacefully negotiate a trade that you can enter and exit within a minute. For example, if you enter into a purchase with a market order, you risk getting your order at a much higher price than you expected. However, using limit orders may not see full trading opportunities unless your order can be placed at a specified price.

Exiting new markets presents similar challenges. Market orders placed on a volatile market can result in negative filling prices. Restricted orders may not be complete.

A new trading loss suspension order should be placed away from the price of the new one before the news. Otherwise, they may be driven to short -term price increases when there is a sudden and large increase in volatility.

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To be a successful new marketer, you have to act fast and decisively. Even taking a few seconds to make a marketing decision can be very expensive. When it comes to new trade, the old saying “He who doubts is lost” is true. You should also make sure that you use a broker who will give you information about the immediate fulfillment of the order so that you know (A) your order has been completed and (B) if so, at the price.

The best new trades enter the market immediately after the news is released – in a way that stocks can move in response to the news – and then close quickly as soon as the trade shows a significant profit. The trick is to succeed in making that “ideal” trade.

Let’s say you buy 100 shares of your favorite stock and your P&L says you’ve gone up to $ 98. What are you doing If you’re filling out $ 100, you get the idea behind the concept of round number trading.

Traders, investors, and everyone respects round numbers. Whether it’s a thousand years or a $ 100 sign buying your favorite brand. These levels are a bit surprising.

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If you look at the order book, you will immediately see that there are large orders sitting around these levels. You will often see prices return from these levels or prices explode when such levels are broken.

The circular number trading strategy requires an in -depth knowledge of Level 2 market liquidity. If the stock price reaches a circular figure such as $ 20, $ 50, $ 100, you start watching price action at that point. . If you have a large sell order on a circular number and the price is not pushing it below the price range, then a short trade with a firm hold above the circular number is a good way to go.

If the price goes down, back to support, buying the round number is a way to go with a very strong stay below the round number.

This trading strategy is about staying strong, but the profit can be huge if the price goes up to the next level, for example $ 20.00 to $ 21.00.

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Pivot point trading is as old as the first stage of technical analysis. Floor vendors used them long before day vendors started trading in electronic exchanges.

Short trades can be entered when the price reaches the pivot resistance from the bottom and long trades can be entered when the price reaches the support point from the top. Since we’re only looking for quick profits here, look at the quick exit from the trade when it shows a profit.

This strategy works best if the pivot point appears at a price level equal to the level of support and other resistance, such as VWAP, round numbers, or average crosses.

With 2 levels and time to monitor and trade, you can become a powerful day trader

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