#MyCOSTrade #intraday #ScalpingTrading

What is Intraday Trading and is it right for you?

Intraday trading is one of the most common strategies on exchanges, allowing you to earn on short-term fluctuations in asset prices. The basic rule: open trades should be closed during the same trading day. This approach is popular on cryptocurrency exchanges, stock markets and Forex.

How do intraday traders make money?

Professional day traders focus on technical analysis to find optimal entry and exit points for trades. They analyze charts, patterns and technical indicators, and also evaluate trading volumes. Unlike long-term fundamental analysis, intraday trading requires a quick assessment of the current situation and short-term forecasts.

Asset liquidity is key to successful intraday trading. Traders choose the most liquid coins to enter into transactions quickly and efficiently.

Popular Intraday Trading Strategies

1️⃣Scalping: This is an aggressive style that involves opening and closing a large number of trades for small amounts during the day. Scalpers make money on minimal price fluctuations. Positions can be held for a few seconds to a few minutes. They often use margin trading and high leverage futures contracts.

2️⃣Range Trading: This strategy is based on the analysis of Japanese candlesticks to identify support and resistance levels. The trader buys an asset near the support level and sells near the resistance level, or vice versa, playing on preserving the price range.

3️⃣High-Frequency Trading (HFT): This is an algorithmic strategy where, with the help of special programs and trading robots, the maximum number of trades are made in milliseconds. HFT requires complex mathematical algorithms and a large number of calculations.