Intraday Forex Trading – Other – August 19, 2021

Andrey Kozak

Forex day trading is a popular trading strategy in which you buy and sell a financial instrument in one day with the intention of taking advantage of small price fluctuations. Intraday trading is another short-term trading style, but unlike scalping, you generally only enter one trade per day and close it at the end of the day. These traders like to pick a side early in the day, act on their preconceptions, and then end the day with profit or loss. Intraday trading is suitable for forex traders who have enough time during the day to analyze, execute, and monitor a trade. If you think scalping is too fast, but swing trading is a bit slow for your liking, then day trading may be what you need. You can become a daily forex trader if: • You would like to start and end a trade in one day. • You have time to analyze the markets at the beginning of the day and the ability to follow it throughout the day. • You like to know if you win or lose at the end of the day. You may NOT be a daily forex trader if: • You like long or short term trading. • You don’t have time to analyze the markets and monitor them throughout the day. • You have a day job.

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