Online intraday trading training

Today my online Intraday trading training guide will help you to learn the Intraday trading strategy. It may take 10000-hour to read.

Because experienced traders think that success comes from hard work and execution. 

Therefore, if you want to be a successful day trader, you must spend 10000 hours to test the day trading strategies.

First, you have to choose the best stocks or currency pairs to day trade.

1. If you'd like to pick stocks for day trading, you should find the popular stocks like Apple or Google.
2. If you are a forex day trader, you should decide the 7 major currency pairs to trade.

Second, you have to choose the right currency pairs that fits your day trading strategy.

• If you have identified a trending market, you will use the moving average strategy.
• If there is a range-bound market, you will use the grid trading strategy.

Third, you should become a self taught successful day trader. For instance, you have to read the best day trading books and learn forex trading with babypips.

Fourth, many beginners never open a demo account and practice the day trading strategy. However, many experienced traders believe that trade with a demo account is the best way to learn Intraday trading strategy. 

• you must trade the same amount of capital in the forex demo account as will be traded in the live market. 
• you have to take forex demo trading seriously. 
• you should develop a solid, profitable day trading strategy while on demo trading.

Fifth, a lot of beginners just want to find a simple day trading strategy. But many experienced traders think Intraday trading is a business and run it on business principles. 

Sixth, experienced traders have been building a day trading plan and maintaining a day trading journal. They often review and analyze the trades constantly.

Seventh, even a day trader, you will read the daily chart.

Eighth, you should develop a checklist before day trading. It can help you find the best day trading entry and exit points.

Now this day trading diary summaries the reason for failure. It all comes down to one thing: I can't determine the best day trading entry point.

Here is the EUR/AUD daily chart:

EURAUD daily chart from ctrader

Without any doubt, EURAUD on the daily chart is in a downtrend. Therefore, I set the sell limit order @ 1.3770.

However, the weekly support level is 1.3750 on the chart. 

From the chart, this is the worst day trading entry point.

EURAUD weekly chart from ctrader

This is my Intraday trading training courses. Next I will teach you the day trading system secrets.

Further reading: Learn Forex: The ADX Indicator Is a Power Tool for Trading Trends