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Intraday

Investment or Trade Mindset With ExampleNow looking to this chart, if we have long term vision then my question is "How long ?" and "Why Long?". Many of you are already familiar with technical or fundamental analysis but my point is how to discriminate your mind into two half for a same script or same sector. Coming to the solution: Let's know about benefits -"FAYDA". If we can then we can ride long term and short term both and by hypothetical calculation it will shock will brain like anything else. Personally I have no interest to be biased for long term or short term. I can see only "Munafa" means profit. It's very simple. Step 1: For long term holding hold the script in account "A" And for short term use different account "B" Step 2: Well Define your long term system and short term system and place it in-front of your working table or place. Step 3: Even for analysis use two different drawing. Step 4: Even after doing these all your mind will disturb you. Just take a break of your screen by placing alert on your system. I hope this can help you. Kindly let me know something that I can discuss and share with you. In this way I am also learning. Thank you for reading.
NSE:INFYEducation
by dipanjanxsamanta
1
How to pick trades in different market conditionsIn the video I look at two different markets and the resultant setups which yielded the prime trades. The two markets had to be approached in different ways, especially early in the session. I look through the price action on the DOW and then the Nasdaq. The DOW proved to be more clear cut and a trend style approach while the Nasdaq was very choppy and warranted a range or reversion style approach to the trades. Still, both were tradable and produced some good scalps although the action had to be recognised early. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
2
Trapped traders provides a great Short opportunity on DOW The plan for the session was to trade short off resistance on the DOW after an initial opening drive higher. The short side was the play and paid out nicely for patient sellers. In the video I talk through the key Price Action for the move and prime trade areas on the DOW Index. ANY QUESTIONS, JUST LEAVE IN THE COMMENTS !! ** If you like the content then take a look at the profile to get more ideas and learning material ** ** Any Comments and likes are greatly appreciated **
Editors' picks
CBOT_MINI:YM1!Education
by TradeTheStructure
4
Leveraging Pivot Points for Intraday Trading StrategiesIntroduction to Pivot Points: A pivot point serves as a pivotal indicator in technical analysis, aiding in discerning market trends across various time frames. Essentially, it's an average of the intraday high, low, and closing prices from the previous trading day. Traders interpret trading above the pivot point as indicative of bullish sentiment and below as bearish. Key Features: Pivot points form the foundation of this indicator, from which support and resistance levels are projected. These levels offer insights into potential price reversals or continuations. It's widely utilized in equities, commodities, and forex markets to identify trend shifts and reversals. Traders leverage pivot points to determine entry and exit levels, aiding in strategic decision- making for intraday trades. Formulas for Calculation: The formulas for pivot points involve simple calculations based on the previous day's high, low, and close prices. These calculations yield pivotal support and resistance levels crucial for trade planning. The Formulas for Pivot Points: P= High+Low+Close / 3 ​ R1=(P×2)−Low R2=P+(High−Low) S1=(P×2)−High S2=P−(High−Low) where: P=Pivot point R1=Resistance 1 R2=Resistance 2 S1=Support 1 S2=Support 2 ​ Calculation Method: Pivot points can be manually calculated using the prior day's data, which includes the high, low, and close prices. These levels are essential for traders, especially for intraday strategies. High indicates the highest price from the prior trading day, Low indicates the lowest price from the prior trading day, and Close indicates the closing price from the prior trading day. Interpreting Pivot Points: Pivot points provide traders with static support and resistance levels throughout the trading day. This enables traders to pre-plan their trades based on potential price movements. Traders utilize pivot points in conjunction with other indicators to enhance their trading strategies, aiming for more accurate predictions and better risk management. Comparison with Fibonacci Retracements: Pivot points and Fibonacci retracements share the common goal of identifying support and resistance levels. However, pivot points rely on fixed numbers derived from the previous day's prices, while Fibonacci retracements are based on percentage levels drawn between significant price points. Limitations and Considerations: While pivot points offer valuable insights, they are not foolproof indicators and may not work for all traders. It's crucial to integrate them within a comprehensive trading plan and acknowledge their limitations. Price movements may not always adhere strictly to pivot point levels, requiring traders to exercise caution and employ additional analysis techniques. Conclusion: Pivot points remain a fundamental tool in the arsenal of intraday traders, aiding in trend identification and trade planning. By understanding their calculations, interpreting their implications, and integrating them with other indicators, traders can harness the power of pivot points to make informed trading decisions. Disclaimer: This trading idea is for educational purposes only and should not be considered as financial advice. Traders are encouraged to conduct thorough research and exercise caution when implementing any trading strategies.
NSE:NIFTYEducation
by khushaljain023
Top 3 Intraday Trading StrategiesTo get success in intraday trading, requires dedication, hard work, patience, quick wit, and immense knowledge. Successful day trading involves 10% execution and 90% patience. To gain expertise in day trading and honing trading skills, it takes a fair amount of time. There are a number of Best Intraday trading strategies available for trading, but the success or failure of the strategy completely depends on the market. Maybe one strategy works in today’s market condition but may not work according to the next day’s market condition. Not only, does the movement of the market, but the intraday trading strategy also depends on the trading styles of the trader. It also varies at different times of the day, depending upon how the market is behaving. Here, in this post, you will find Effective Day Trading Strategies, which you can use for intraday trading. Intraday Trading Strategy : 1. News Based : News-based trading is the most traditional form of day trading. This type of trader doesn’t focus on the stock price and volume charts, they wait for information that will drive the prices. The information may come in the form of a company announcement about earnings or new products; a general economic announcement about interest rates or unemployment; or just a lot of rumors about what may or may not be happening in a given industry. Traders who do good with news-based trading , usually have some understanding and knowledge of the markets. These types of traders are not expert analysts or fundamental researchers, but they have enough knowledge about what kind of news would be in-favor or what would be taken poorly by marketers. They also pay attention to a few different news sources and also whenever they find the right opportunity, they place the order at the right time. The downside of news trading is that there may be few and far good events; more often, the hype is already built into the price by the time you watch it. Many news traders turn to the scalp while they wait for something to create a little excitement. Before you start news-based day trading, one thing you should keep in mind is that, this type of trading strategy is very risky as compared to other strategies. It also gives high returns on investment within a day. 2. Gap + B.B. (S20,2): This strategy is useful when the stock/ Index opens Gap Up or Gap Down. After the gap, the stock shows a potential reversal sign, which can observe by the place of a candlestick or by a heavy volume event. You can fade the action and go in the opposite direction of the gap with a profit target at the start of the gap. Rules: Entry between 9:30 to 10:00. Exit at stop-loss or at 3:25. Bollinger band strategy is 20,2 30- minute time frame is required. Big Profits and Small losses. No need to trade every day. Helps to stay away from the Sideway market. Example for Buy Trade: In this strategy, the stock should be open with Gap up or Gap down. The First 30-minute candle should be untouched from the lower band. As you can see in the above image, the first candle opens with a gap down and it is below the lower band. The high of 1st candle is also untouched by the lower band. Go for buy trade when the high of 1st 30-minute candle is a break. Stop-loss = low of the 1st candle. Example for Sell Trade: The stock opens with a gap up and the 1st candle’s low is not touched with the upper Bollinger band. As the low of the first candle is broken, enter in to sell trade. Put the stop loss at the high of the first candle. Note: This strategy gives best result for Nifty and Bank Nifty. 3. Morning ORB: The early morning range breakouts are also known as opening range breakouts. It is like bread-butter for many trades. The trading opening range takes skill and practice until you can turn a profit. The early morning range breakout help traders to take advantage of the violent action from the flurry of buying and selling orders when the market opens. Trading Range The first 20 to 30-minute trading range is suitable for an opening range breakout. While you start trading practice using this strategy, it is recommended to start with a very little amount of capital. The stock you select for the trade should be within a range, which is smaller than the average daily range of the stock. The upper and lower boundaries of the range can be identified by the high and low of the first 30 or 60 minutes. Early Morning Range Breakout and Volume The idea for go short on a break below or going long on a break above resistance is not as easy as you think. First, you need to understand the relationship between volume and price. Volume and Price must be in harmony. When you short or long a stock, which has happed down or gapped up it must open with heavy volume and then retrace on lighter volume (indicating a lack of buying). Which confirms that sellers/buyers are in control. Volume Is very important for every type of breakout which confirms the breakout before entry. If the stock price breaks the morning Support/resistance level with low volume, there is a high chance of a false breakout. The image below explained that high volume during a breakout is likely to push price through key resistance. In this 15- minute chart, you see that after a break of early morning resistance with high volume, the price starts increasing. Volume is very tricky so you need to be able to predict the support/resistance levels accurately in order to find out good volume breakouts and set proper profit targets. Disclaimer: The Intraday Trading Strategies discussed in this post is for education purpose only. We are not responsible for any Profit or Loss you made using these strategies. We hope that you like our blog post on Intraday Trading Strategies.
NSE:NIFTYEducation
by khushaljain023
What is the secret of success? 🌴 Being Wrong is OKAY!Here is the 5 TIPS TO DO with your mistakes: 1. Acknowledge Your Errors So often, we say things like, “It’s unfortunate, but market goes opposite me” or "SEC lawsuit crashed prices, so I lose" But blaming other people or minimizing your responsibility isn’t helpful to anyone. Before you can learn from your mistakes, you have to accept full responsibility for your role in the outcome. That can be uncomfortable sometimes, but until you can say, “I messed up,” you aren’t ready to change. 2. Ask Yourself Tough Questions While you don’t want to dwell on your mistakes, reflecting on them can be productive. Ask yourself a few tough questions: • What went wrong? • What could I do better next time? • What did I learn from this? Write down your responses and you'll see the situation a little more clearly, sometimes from different side. Seeing your answers on paper can help you think more logically about an irrational or emotional experience. 3. Make A Plan (checklist) Beating yourself up for your mistakes won’t help you down the road. It’s important to spend the bulk of your time thinking about how to do better in the future. Make a plan that will help you avoid making a similar mistake. Be as detailed as possible but remain flexible since your plan may need to change. Creating checklist of trading criterias (for entry, for stop loss, for target etc) can be very helpful. Make sure you have it in front of your eyes before open a trade or close it. 4. Make It Harder To Mess Up Don’t depend on willpower alone to prevent you from taking an unhealthy choice or from giving into immediate gratification. Increase your chances of success by making it harder to mess up again. To prevent yourself from having instant loss split your deposit to several accounts and make sure you using only small part of it for "intraday" or "scalping" trading. Additionally split your deposit for Savings account and Spot trading. And if you new to trading use only about 15% of your investment to learn, and don't touch other part untill you gain good experience. 5. Create A List Of Reasons Why You Don’t Want To Make The Mistake Again Sometimes, it only takes one weak moment to indulge in something you shouldn’t. Creating a list of all the reasons why you should stay on track could help you stay self-disciplined, even during the toughest times. Create a list of all the reasons why you shouldn’t enter the market, it could be your emotional state, willing to revenge on the market or might be a price action setup, fundamentals or something else. It will help to resist the temptation to enter bad trade. Self-discipline is like a muscle. Each time you delay gratification and make a healthy choice, you grow mentally stronger. Cycle of Trading Psycology tips: HOW TO BALANCE YOUR LIFE AND TRADING 5 TIPS FOR SMALL ACCOUNTS Savings Account GAINS explained Simple Investing Strategy, Affordable for all! Best regards, Artem Shevelev
Editors' picks
BITFINEX:BTCUSDEducation
by ArShevelev
56
Live Trades and Price Action setups explainedIn the video I review my trades on the DOW Jones Index for the session and talk through the setups, price action and reasoning for the trades. I also talk through the overall bias for the session and the missed opportunity from my sessions plan. Feel free to join in our live trading room....link in the signature below. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
1
Analysis of the psychology and Price Action of a momentum moveIn this video I take a look at the psychology of a phase of Price Action that we traded in out Live Trading Room. I review the key price action that I am looking for to get involved in the action for a new momentum push up/down. Our aim in trading is always to enter a trade in the 'unknown' as traders start to realise they are on the wrong side of the action...this gives us the biggest payouts. Intraday Trading is a process of doing the analysis, reviews and having confidence in your read when LIVE trading. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
CBOT_MINI:YM1!Education
by TradeTheStructure
How to find Key Price Action zones for Daytrading successPrepping a market for daytrading is an important part of my process and understanding and identifying the KEY LEVELS is the major part of that process. We have to build a Price Action picture of what may happen and what levels may be targeted so we will be ready for a trade. Understanding who (buyers or sellers) is getting caught off side and levels the market is targeting, will set us up for the higher probability trades. I discuss a few key concepts for Intraday trading and how I identify the important zones. I show some trade examples and high probability trade zones. ** If you like the content then take a look at the profile to get more daily ideas and learning material ** ** Comments and likes are greatly appreciated **
Editors' picks
CBOT_MINI:YM1!Education
by TradeTheStructure
16
Trend reversal pattern tutorial on $SPY for intraday tradersAMEX:SPY This is for intraday traders. While doing intraday trades watch out for a trend reversal around 10:15-10:30 AM to see market is showing any signs of trend reversal. If you catch this reversal right and keep your losses small, you can earn lot of money in a short period of time. You can get entries on a shorter time frame and keep adding if market keeps moving up or scale out taking profit. Today's trend reversal indicated by the yellow arrow happened around 10:15 printing a huge green candle.
AMEX:SPYEducation
by jaganjohn
5 MOST POPULAR TRADING STRATEGIES OANDA:XAUUSD HI TRADER'S : I ALWAYS SAY THAT (90% TRADER'S LOSS 90% CAPITAL IN 90 DAY'S) The reason is that Lack Of Knowledge , Lack of Patience , Lack of proper Risk management You can Be among Those 10% Trader's , Those Are earning regularly From Market But For That You Need To be Disciplined Trader THERE ARE 5 MOST POPULAR TRADING STRATEGIES : 1. SCALP TRADING : Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling. Scalping requires a trader to have a strict exit strategy Because one large loss could eliminate the many small gains the trader worked to obtain. 2. INTRA-DAY TRADING : Intraday trading means buying and selling stocks on the same trading day. Intraday trading is also known as Day Trading. Share prices keep fluctuating throughout the day, Intraday traders try to draw profits from these price movements by buying and selling shares during the same trading day. 3. SWING TRADING : Swing trading refers to the practice of trying to profit from market Swings of a minimum of 1 day and as long as several weeks. 4. TREND TRADING : Trend trading is a trading style that attempts to capture gains Through the analysis of an asset's momentum in a particular direction. When the price is moving in one overall direction, Such as up or down, that is called a trend. Trend traders enter into a long position when a security is trending upward. 5. POSITION TRADING : Position trading is a popular long-term trading strategy​ that allows individual traders to Hold a position for a long period of time, which is usually months or years NOTE : I HOPE YOU LIKE THE EDUCATIONAL POST , REMEMBER TO USE PROPER RISK MANAGEMENT WHILE TRADING.
OANDA:XAUUSDEducation
by INVESTRONE
DAY TRADING 101: How to Get StartedHello guys! Day trading is a popular way for traders to make money by buying and selling assets within the same trading day. However, before you begin day trading, it's important to understand the basics and develop a solid trading strategy. In this post, we'll cover the basics of day trading and provide some tips on how to get started. First, it's important to understand the different types of securities that you can day trade. Some popular options include stocks, options, futures, and currencies. Each of these securities has its own unique characteristics and requires different strategies, so it's important to choose the one that best fits your goals and risk tolerance. Next, you need to develop a trading plan . Your plan should include your trading strategy, the securities you plan to trade, and your risk management techniques. It's also important to set realistic goals and be prepared to stick to them. Once you have a trading plan in place, you need to practice . You can do this by using a simulation or paper trading account. This will allow you to test your trading strategy and learn from your mistakes before you start risking real money. Another important thing to consider is your risk management . This means understanding the level of risk you're willing to take and setting stop-losses and profit-taking orders to protect your capital. It's also important to maintain a proper risk-reward ratio, which means that the potential profit should be larger than the potential loss. In addition to the above, it's crucial to keep an eye on the market and news , as they can greatly impact your trades, so it's essential to stay updated with the latest news and trends. Finally, keep in mind that day trading requires discipline and patience, so be prepared to put in the time and effort to become a successful trader. To sum it up, day trading can be a great way to make money, but it's important to understand the basics and develop a solid trading strategy. Additionally, you should practice with a simulation or paper trading account, have a proper risk management, stay informed and be prepared to put in the time and effort. Which type of trading do you prefer?
BLACKBULL:US30Education
by m_maia14
1
What is day trading?What is day trading? Day trading is the buying and selling of stocks, foreign exchange, commodities and other assets or financial derivatives during a single trading session. Traders speculate on the movement in asset prices by employing various strategies. Decades ago, day trading was undertaken only by investment firms, financial institutions, trading funds and brokerages. Today, online trading platforms have brought day trading to the palm of a retail investor’s hand. According to US investment bank BNY Mellon, retail investors have become a “growing force to be reckoned with”. Their share of total equities traded went up to nearly 25% in 2021, from the 10% to 15% reported in the first decade of the 2000s. For many retail investors, day trading has become a career. Others have burnt their hands trying to make profits from this risky and fast-paced short-term strategy. Now that we have gone through the definition of day trading, let us read more about day traders, their techniques and strategies, and day trading examples. Life of a day trader An experienced day trader’s session will start hours before the market opens or the night before. The trader will take their time to analyze price charts, investor sentiment, corporate news, macroeconomic developments and more. As the stock market opens in the morning, some traders may sit on the sidelines in the first hour of a trading session to avoid the opening minutes that tend to be volatile. After the market settles, day traders spend the day scanning for market opportunities. Day traders usually stick to securities that they have experience with as they will be aware of the little intricacies regarding that particular security. The day trader will open and close positions according to their price targets and risk tolerance. A trader’s setup may involve hedging to protect against unexpected losses. Day trading is particularly popular with foreign exchange traders. Popular Forex pairs have deep liquidity and tight spread, which allow day traders to speculate on small price movements. Strategies used by day traders To understand how day trading works, readers need to know about the various intraday strategies used by traders. Scalping Scalping involves a day trader aiming to speculate on small changes in an asset’s price. Traders place numerous short-lived scalp trading bets in a day so that small profits add up to a significant daily gain. Day traders need to implement a strict exit strategy to prevent large losses. Range trading Day traders are known for their use of technical analysis which involves identifying support and resistance price levels and analysing price trends, volume and volatility. Range trading involves buying and selling of securities between a range of price where the top price is determined by the price resistance level and the bottom is determined by the price support level. Algorithmic day trading Algorithmic trading involves execution of trade orders based on pre-programmed instructions based on price, time and volume of a security. Algorithmic trading is extensively used by hedge funds and investment banks to carry out day trades in large orders at high speed. This is also known as high-frequency trading. News-based day trading The trader will set up his trade setup based on trading opportunities arising from expected corporate and macroeconomic developments. An example of this type of day trading is anticipating a fall in broad markets before the publication of market-moving data such as inflation numbers or corporate earnings calls. Day trading explained through examples To better understand day trading, let’s look at the following example. Note that it is for educational purposes only and does not constitute investment advice. John is a self-taught day trader who has learnt the art of intraday trading over time through trial and error. He specialises in stock trading and is particularly interested in the US equity market. Over the years, John has traded Apple (APPL) shares extensively and is well-versed with developments at the iPhone maker. Before Apple’s fourth-quarter earnings announcement, John conducted a thorough research on Apple and concluded that the company will report strong revenue and profit growth. John aimed to trade using news-based trading and range bound trading techniques on the day of the result announcement. The trader opened an intraday position with a target price of $155, based on identified resistance levels, and a stop-loss at $135, based on identified support levels for Apple shares trading at $145. If Apple announces higher-than-expected earnings, which would cause the stock to rise to a level above $155, John will book profit. In case the company surprises on the downside, causing the stock price to fall, John’s position will automatically close when the price falls below $135, booking a loss. During the day, John will constantly monitor Apple’s intraday performance to react to unexpected market volatility and to adjust his profit-taking and stop-loss levels, according to real-time performance. by capital.com
Education
by Sahran_Mohammed
LIQUIDITY RUNSLiquidity runs occurs when price gives a false break out below a support or above a resistance and the purpose is usually to take out the stops or liquidity lying around those areas. This liquidity is then used by market makers to open their large positions in the opposite directions. When a false break out occurs below a support, stop losses belonging to retail traders are wiped out and retail break out sellers get trapped. The opposite happens at a resistance level. Liquidity run is my favorite strategy when I'm anticipating market reversals or at times retracements like what happened with dollar pairs yesterday (5th Dec 2022).
FOREXCOM:XAUUSDEducation
by JayForexAcademy
THE ENGULFING CANDLE LIQUIDITY EntrySo let's learn something about engulfing candles entries. An engulfing candle is usually a momentum candle and in most cases signifies reversal and at times trend continuation. Now what you do is plot your fib on the engulfing candle from wick to wick and mark the 40-50% retracement area which becomes a potential supply liquidity zone to sell from a bearish engulfing and a demand liquidity zone to buy from a bullish engulfing. In short 90%+ of the time price will retrace back to these zones before continuing and can thus provide clean and safe entries with reduced drawdown, lower risk and a good risk to return. Try it
Education
by JayForexAcademy
1
Trading Setup is very ImportantBest Trading Setup makes money for you in market even you are wrong in Market #nifty #priceaction #priceactiontrading #optionanalysis #banknifty #bankniftyprediction #nifty50 #niftytomorrow #niftyprediction #niftyanalysis #niftyfifty #niftytoday #niftybank #banknifty #bankniftytomorrow #bankniftyprediction #bnkniftytrading #charts #technicalanalysis #crypto #sensex #nse #nseindia #bse #optionsellingstrategy #optionstrading #optionsellingstrategy #optionstrategy #optiontrading #optionsellingstrategy
NSE:NIFTYEducation
by gurubhai
15 Min. Scalping Strategy I HIGH WIN RATE15 Min. Scalping & Intraday Strategy I HIGH WIN RATE - Live Demonstration in the Asian Session - USDJPY About KiSS 2.0 Market Structure Method Trading Strategy: 1. It is a market structure based trading strategy (uses a naked chart and indicators for confluence) 2. Effective strategy for scalping and intraday trading 3. 93% win rate and its recommended to demo and record a minimum of 100-300 trades in a trading journal to find your unique edge 4. Use a unique risk management method to increase probability of wins Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Trading Academy
Education
by BKTradingAcademy
2
Intra-Day Trading TheoryTrading opinions can be made in a very concrete or a structured manner just like how investors study into the financial numbers of the stock they are about to invest into. Short-term traders also have its numbers they study into, it is the price behaviours or the price data of the instrument they are trading. When these data are converted into a pictorial format, it becomes a chart. And I am going to share with you a simple illustration on intra-day trading using trendline and divergence, to derive entries. You will find how this can be done in a very structured manner and you don’t have to guess too much into it. I have included some links below on my previous videos on trendlines and divergence. The first rule: The first about intra-day trading theory is we have to acknowledge the word “intra-day”, meaning all trades are done within the day itself, and we will have to square off all our positions before the market closes. This is Because we do not wish to carry any risks overnight with unexpected gaps. Micro E-Mini Nasdaq 0.25 = US$0.50 1.00 = US$2 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME_MINI:MNQ1!Education
by konhow
4
3 Types of Traders: Which Are You?3 Types of Traders: Which Are you? There are many different approaches of trading the financial markets that has provoked countless methods and strategies to be created over the decades. One popular way to simplify & view this is to break it down into 3 types of traders which is categorised by two main factors which include the trading frequency & timeframes used by each one of the trading types. 1️⃣ Scalper The large majority of beginner traders end up starting out with this type of trading because of numerous reasons. But mainly, this is due to the fast pace that the market moves, presenting many trading opportunities and giving off the perception of an opportunity to get rich quick. Ironically, this trading style is then considered as one of the most easiest and successful ways of trading by beginner traders, while being stated by professional traders to be one of the most difficult. Scalpers often have dozens of trading positions open at a time during multiple trading sessions and need to be in front of the charts at all times. Therefore, paying huge commissions to their broker due to spreads also making this type of trading have a high cost to it. Not to mention the chaos in lower timeframe analysis that eventually results in the majority to stop trading. This is not to say that you cannot be successful with scalping. However, the main obstacle alongside many other with scalping, is the level of constant focus & rapid-decision making required which can have massive negative effects on your overall trading psychology if not kept in check. 2️⃣ Intraday Intraday or day trading is the most popular type of trading amongst retail traders and is what I prefer the most myself. Staying relatively active, the market gives some time for the trader to reflect & think upon their analysis on the pairs they are analysing. Opening and managing on average ~1-2 positions per trading session, the intraday approach offers a degree of freedom. But does come at a cost due to the declining amount of volume and volatility, intraday traders may experience low risk:reward setups because of the average daily range of many pairs on the market. 3️⃣ Swing Swing trading is the best choice for individuals who want to pursue trading while having a full-time occupation outside of trading. This is possible due to this type of trading primarily focusing on the higher timeframes such as daily/weekly for a large proportion of their analysis. Thus, swing trading is not demanding when being combined with an individuals typical daily routine and trading psychology since they aim to catch mid/long-term market movements. With an average trade holding length of 2 weeks and only 1-2 positions being placed per week. Swing trading is regarded to be one of the least emotional approaches and involves low cost of trading with great risk:reward setups. Though, the main problem with swing trading is the degree of patience required when holding out for long period of times. Often resulting in the trader closing their positions too early and not having the ability to allow the positions to reach their final targets. Which type of trading do you prefer?
Education
by NimmoCapital
1