SECRETS OF PROFITABLE DAY TRADING. №1.
Hello everyone!
Today we will discuss a very important topic - intraday trading.
Intraday trading is considered not an easy task, but quite profitable.
There are a few secrets that every trader should know about.
These secrets will greatly improve your trading and relieve you of unnecessary stress.
SECRET 1 - Don't trade below H1
During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.
On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.
The higher the timeframe, the stronger the setups formed on it.
SECRET 2 - Don't make too many trades
Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.
Each trade should be entered after the setup signal, don't open trades just because you feel like it.
Look for clear signals, like in the books.
Wait, don't rush.
SECRET 3 - Number of tools
Day trading involves many quick decisions from the trader.
If you follow 30 pairs at once, you will not be able to clearly analyze the market and will not be able to make the right decisions.
There are enough deals inside the day, so keep an eye on 3 pairs, no more.
For beginners and it will be a lot, start with one pair and as you get better, add more charts.
Don't make it difficult for yourself, it's not easy.
SECRET 4 - Risks
The old risk rule still works and works well.
Do not risk more than 1% of your capital on each trade.
This rule applies most to beginners.
Experienced traders can deviate from this rule and risk a little more.
But this applies to experienced traders and even they should not risk 50% of the capital.
It's too much.
SECRET 5 - News
News has always influenced and will influence the market.
If the news is not so scary for high timeframes, then for smaller ones it can become a big loss.
Do not trade half an hour before the release of important news.
This is a dangerous time when the market can go either way very quickly, stopping your position.
Don't take risks.
Good luck!
End of the first part.
Today we will discuss a very important topic - intraday trading.
Intraday trading is considered not an easy task, but quite profitable.
There are a few secrets that every trader should know about.
These secrets will greatly improve your trading and relieve you of unnecessary stress.
SECRET 1 - Don't trade below H1
During the day, the trader uses setups that will often give false signals on small timeframes, which will make trading nervous and unprofitable.
On H1 timeframes and above, setups are processed much better and there will not be as many false signals as on small timeframes.
The higher the timeframe, the stronger the setups formed on it.
SECRET 2 - Don't make too many trades
Even if you think that intraday trading involves a large number of transactions, this does not mean that you need to open transactions often.
Each trade should be entered after the setup signal, don't open trades just because you feel like it.
Look for clear signals, like in the books.
Wait, don't rush.
SECRET 3 - Number of tools
Day trading involves many quick decisions from the trader.
If you follow 30 pairs at once, you will not be able to clearly analyze the market and will not be able to make the right decisions.
There are enough deals inside the day, so keep an eye on 3 pairs, no more.
For beginners and it will be a lot, start with one pair and as you get better, add more charts.
Don't make it difficult for yourself, it's not easy.
SECRET 4 - Risks
The old risk rule still works and works well.
Do not risk more than 1% of your capital on each trade.
This rule applies most to beginners.
Experienced traders can deviate from this rule and risk a little more.
But this applies to experienced traders and even they should not risk 50% of the capital.
It's too much.
SECRET 5 - News
News has always influenced and will influence the market.
If the news is not so scary for high timeframes, then for smaller ones it can become a big loss.
Do not trade half an hour before the release of important news.
This is a dangerous time when the market can go either way very quickly, stopping your position.
Don't take risks.
Good luck!
End of the first part.
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🔻FREE Telegram channel🔻
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🔻Contact for Paid SIGNALS🔻
t.me/DeGRAMForex
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