Forex indicators - various tools of technical analysis of the situation in the world currency market. These are special tools that facilitate the planning of intraday trading on the market, as planning in these conditions is difficult. Short-term trading is characterized by the fact that all trades within the strategy must be completed during the business day and cannot be rolled over. The main characteristic is a responsive reaction to rapid market changes. Each piece of news immediately affects the quotes, so new information should be used immediately.
Traders can use different strategies in practice - from the simplest, suggesting buying and holding assets for some time, to more complex financial manipulations, involving the use of different assets and technical tools. One of the ways of forex trading, the use of which allows one to earn good money, is day trading. Let us find out what that is and what strategies it includes.
Almost all beginners have heard of the Price Action method, but many people identify it with the usual candlestick analysis, which is not quite correct. The fact is that the Price Action really takes over many of the provisions of the candlestick analysis, but it is an optimized method for the current market conditions. We suggest taking a closer look at this type of technical analysis to understand what Price Action is and how it can be applied to enhance your trading results.
Day trading is a strategy that involves trading within the day. Sometimes it is possible to transfer positions to the next day, but it is rare because of swaps. Basically, the absence of a rollover fee is the main advantage of intraday trading. Let's consider the essence, strategies, and principles of intraday trading in more detail.
In the trading world, scalping strategies are commonplace. Scalping, in general, is a style of trading that focuses on the use of tiny price movements in trading currency pairs, CDFs, and other highly volatile assets, which implies placing lots of trades in the minimum time and benefiting from small price fluctuations.