Best forex strategy day trading

best forex strategy day trading

Or, he/she may apply day trading strategies only on some currency pairs. It has to be really simple to tell the direction of the trend. There is a myth that states, to become successful you must start with a large sum of money in your account. Riding the trend, in this case, means entering on pullbacks. Here is a strategy we recommend for trading bitcoin.

Demo account and only then live if you can be profitable in at least two months of demo trading. They dont care why the price moves.

And, the price is at support at the same time. It can also be essential to check the news for such events as the oil supply and demand release each week. Ex4 (default setting Slope Direction Line. Exponential Moving Average 21-period (EMA21, red colour in the example). Write down what worked, what didnt and do your own statistics. They also use breakout indicators.