2. Index
1. Short Term Day Trading
2. Day Trading Entry and Exit
3. Scalping Trading
3.
4. Short Term Day Trading
In short-term day trading the main focus on all the
entrances into and exits from, the market needs
to take place on the same day.
In fact, often day trades can take just a few hours
to enter an end, with the hope that each trade
nets a small profit, and that those small profits
add up.
5. Day trading right now seems to be the trendy
thing for the new traders, but one thing that Forex
traders beginning should know is day trading is a
pretty advanced Forex trading strategy, and
should not be jumped into by newbies.
6. Day Trading Entry and Exit
Day trading requires a quick entry and exit and
the ability to use technical analysis and apply it
directly to trades efficiently.
The strategy used by day traders isn't to find one
long-term trade that does well but to find several
smaller trades that make a few pips here and a
few pips there.
This strategy is to have enough wins over losses
that they add up to a solid profit for the trader.
7. If you have ten small gains and three small losses
from day trading, then the hope is that those
combined gains will give you a much solid profit
on the day.
That's how day trading works, making it a far
more aggressive form of Forex trading than Forex
swing trading or long-term trading.
8. Scalping Trading
Scalping is an example of day trading in the
Forex markets.
Traders who employ scalping trading methods
are traders who buy into a position intending to
see quick movement and profit off a short
transaction, often within a minute or a couple of
minutes of making their entry into the market.
9. True scalping involves when a trader opens and
closes a position in literally minutes or sometimes
even less than a minute.
10. This quick in and out is hoping that after a quick
movement and show of profit, and immediate exit
will in theory help minimize risk while collecting
smaller profits bit by bit.
This is an advanced type of trading, that shouldn't
be tried by pure beginners into the Forex market,
though if you get a good system and some
experience, this could become an option down
the line.
11. If you are just getting started, learn about long-
term trades first, which tend to be at least the little
more stable.