【Short-term Strategy (Scalping & Day Trading) Feature ③】Basics of Day Trading
【Feature】Winning is Everything!! Short-Term Strategy (Scalping & Day Trading) Feature
・① Why focus on short-term strategies now — what top traders say!
・③ Basic day trading techniques ←This article is here
・④ Indicators advantageous for scalping & day trading!
※This article is a republication/edit of an article from FX攻略.com, December 2020 issue. Please note that the market information described may differ from current market conditions.
Three Basics of Day Trading
The three basic techniques introduced here are not limited to day trading; they are fundamental elements of trading in general.
The first is “identifying trend formation.” To maximize profits, riding the trend is important. The second is “time frames with an edge.” FX trades 24 hours, but price movements aren’t the same at all times, so find the time window you excel in. The third is “taking realistic price ranges.” Profits depend on your exits. It’s difficult, but to avoid aiming too high or too low, here are indicators that can help with prudent profit targets.