Today I will show you the intraday trading tips. Intraday trading is a risky and challenging business. In fact many beginners don't make money on the intraday trading.
First a successful trader believe that intraday trading is a business.
Many beginners suppose they can make a lot of money in the markets. However they ignored the intraday trading plan and the day trading diary.
Now you have to build your own intraday trading plan and keep a intraday trading journal.
By the way Jesse livermore has a record book about the price patterns.
Second how to pick a good stock for intraday trading?
A stock should offer enough liquidity and Volatility. On the one hand,a stock would matches the intraday trading strategy setup rules.
What's more how to pick the best currency pairs?
There are only six major currency pairs: AUDUSD, USDJPY, EURUSD, GBPUSD, USDCHF, USDCAD
Nevertheless I like AUDJPY, GBPAUD
Third what are your intraday trading strategies?
Your intraday trading strategies should match the market.
For example I will use the grid trading strategies and pick the range-bound market.
What's more some traders just want to make money. But they don't have their own intraday trading strategies.
Therefore as a beginner, you can automatically copy the intraday trading signals in real-time on MetaTrader 4.
By the way, the beginners should read some best trading systems books
For example Trading Systems and Methods + Website (5th edition) by Perry J. Kaufman.
These are my intraday trading tips.
Further reading How to Find the ’Best’ Currency Pair to Trade
First a successful trader believe that intraday trading is a business.
Many beginners suppose they can make a lot of money in the markets. However they ignored the intraday trading plan and the day trading diary.
Now you have to build your own intraday trading plan and keep a intraday trading journal.
By the way Jesse livermore has a record book about the price patterns.
Second how to pick a good stock for intraday trading?
A stock should offer enough liquidity and Volatility. On the one hand,a stock would matches the intraday trading strategy setup rules.
What's more how to pick the best currency pairs?
There are only six major currency pairs: AUDUSD, USDJPY, EURUSD, GBPUSD, USDCHF, USDCAD
Nevertheless I like AUDJPY, GBPAUD
Third what are your intraday trading strategies?
Your intraday trading strategies should match the market.
For example I will use the grid trading strategies and pick the range-bound market.
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| AUDUSD daily chart a range-bound market from ctrader |
Therefore as a beginner, you can automatically copy the intraday trading signals in real-time on MetaTrader 4.
By the way, the beginners should read some best trading systems books
For example Trading Systems and Methods + Website (5th edition) by Perry J. Kaufman.
These are my intraday trading tips.
Further reading How to Find the ’Best’ Currency Pair to Trade
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