Day trading strategies best trading strategy tips and tricks, every trade wish to have a strategy that 100% works while trading in Forex there are thousands of strategies that traders use around the globe but unfortunately, none of them work 100% we make and use strategies to lose less than losing too much money.
Every trader tries to find the best and the useful strategies which are made and used by the professional traders around the globe.
So here are the three best strategies for the traders. They are useful, easy to understand and so much profitable to trade with these strategies.
we have the best three Day trading strategies for all the traders around the globe.
Three best Day trading strategies
1. Strong breakouts
While trading in the biggest financial market in the globe the dummies wait for the trading tips and the professional trader trade on the strong breakouts.
Trading on the strong breakouts areas has a lot of opportunities and a low risk on your losing money.
You can see the simple strategy in a real currency chart. by looking at the chart we can understand the simple strategy.
You can see the price coming down nicely, strongly and with full momentum.
Then the price is moving sideways which is known as consolidation. and we know what happens when consolidations happen. Exactly the price is going to change its direction with full straight and momentum.
The price has broken the consolidation area and it is moving down strongly.
Thus we are ready for the trade. But first, let us wait for the pullback.
After the pullback, the price falls strongly with its full strength. and we soon reached our profit target and earn a very trade with very easy strategy.
2. Price Action
Price action is also one of the easiest and most used strategies by the traders around the world.
It is very important to understand the Language of the market to be a good trader. and only price action can speak the language of the market.
The above picture defines this strategy very well. luckily we find both strategies on one chart AUD/USD.
Talking about the strategy is very simple and easy but you must know about price action.
The must know the types of candles and how they work. Every candle has its meaning.
You can see a large candle with a very big wick which means the sellers lose their momentum and the buyers are controlling the market now.
A Big candle with big wick surely shows that the price is going to change its direction
And it is the best place to order a buy trade and it is 100% confirmed.
We took a trade and in a few hours, the market reached our target it shows a great trade with a very easy strategy.
3. Reversal at support or resistance
Trading on support and resistance is very easy and common among the people.
but trading on reversal at support and resistance is a very profitable strategy.
Support and resistance triangle form is a chart pattern that we usually see in the market.
In support and resistance triangle form level the price has to reverse off the line at least two times before confirming its direction.
It is very important that all traders must know one thing about support and resistance.
Don’t trust trendline exclusively and wait for the consolidation breakout or reversal pattern near support or resistance to trigger trade.
You can see the price consolidation near support and resistance and then moved all through upward strongly.
These are the best three Day trading strategies we will do our best to bring more useful trading strategies for the traders.
Day trading strategies best trading strategy tips and tricks,These three strategies are amazing both for new and professional traders for more strategies and information about forex visit our site Techzeer.