Who is Day Trading for?
Intraday trading strategies are suitable for the following categories of traders:
- Beginners. Day trading does not require instant decision-making. A signal that appears on a signal candlestick can be verified on other timeframes, in related or directly correlated markets, and patterns can be found. In the H1 interval, you have 10 minutes for a complete analysis. Whatever, regulated forex brokers are interested to provide awesome giveaways to their clients like New Year 2022 Promo Contest(LiteFinance).
- Traders who cannot spend 8-10 or more hours at their computer. In the H1 interval, it is enough to follow an open position for 5-10 minutes per hour.
- Traders who work in different markets with a large number of assets at the same time. Since it's enough to follow one trade-in H1 for 5-10 minutes per hour, you can open another 5-10 trades and follow them one by one.
- Traders who work with different types of strategies to diversify their risks. For example, they combine short-term scalping, swing trading, and day trading in different charts.
- Fundamental traders. The price reacts to the news from the economic calendar within 1-4 hours. Daily strategies are often based on fundamental analysis.
I think, now you can ensure your trading journey with day trading!
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