ForexDayTradingSystems,

Strategies,andTips
In this presentation, we will try to
explain the trading system is strategy
and tips

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 Intra-Day trading
system
In this system, the professional forex
traders open and close their trades on
the same day. In this system, the traders
try to guess how far the market can move
just in one day. This kind of trading is a
little bit riskier compared to other trading
systems.
The Forex traders always remain in action
and all the day they have to be present in
front of their computer. We all know that
if you trade in a narrow time span, it will
increase your risk of losing the trade.
Intraday trading is very risky because it
have many harsh rules & unforgiving
those who don’t follow.
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 Scalping
Scalping is a forex day trading system.
The purpose of scalping is to gain a
minimum small amount of profit
depending on the minimum price change
that occurs in the market within a small
time frame. Most of the time scalpers
look for a quantitative method to solve
the problems.

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Scalping Cont’d
• In scalping, traders open a trade very quickly and also
close it also very quickly. In this situation, there is no
time for analysis, prediction, and trend following.
Scalping might be profitable but at the same time, it is a
very risky business. In some trade, there will be lost and
in some trade, there will be profit. But overall your
gaining percentage has to be higher to be profitable on
the scalping business.
• In scalping, the most difficult part is using stop loss to
close your losing position in time. In scalping business,
there is no time to wait for the market to recover.

• If you want to be a scalper, you have to develop a

knowledge of market movement. So always try to look
into the volatile instrument, good liquidity, and perfect
execution speed. So if you can master the scalping, then
it could be the best strategy in the financial market. If
you can reduce the risk, then scalping could be the best
business in the whole financial market.

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Background of the forex day
trading system
In this day trading system trade is carried out within the
day. It starts on the day and it always closes on the same
day. People who follow this kind of strategy is known as
day traders.
Generally, day trading comprises of different technical
signals. In the past time, day trading was limited to the
financial organization and individual speculators. The
majority of the day traders comprise the employees of the
banks, investment firms, and individuals who are
specialized in equity and fund management.
With the advent of the electronic trading system and the
margin trading system, the forex business has earned
popularity among the ordinary people sitting at home
doing the trading online.

Because of the easy access to forex trading, anyone sitting

at home can do this business.

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How to make a profit in the day
trading business
Day trader uses a high amount of capital and makes a profit
from slide change in price. Traders work in the highly liquid
index and currencies. In short, the traders do not look for very
high or low price change. Because in scalping there is no point
of waiting for the market to recover. As a day trader, your
target should be to generate a minimum of pips within a
certain day.

Generally, forex traders make a profit on the high and lows of

the price movement. In day trading system traders generally
expect to make less profit per trade but the number of trade
is very high.

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The Best Forex Day Trading Systems
There are various kinds of day trading systems. So it is imperative not to
confuse them with the trading strategy. There is a difference between
system and strategy. A strategy is more detailed and provides more
information with entry and exit points.

Scalping
In this process, the buy and sell take place just after the
trade attains profitability. In this trading system, the trader
attains profitability when it is up by a few pips. If you
follow this process you can trade many times and generate
quite a large amount but the income per trade will be
small.
Fading
Fading means shorting of stocks, an index, a currency pair,
in an upward movement.
In this trading system, the price is set when buyers start to
start it again. On the other way, you are aiming to make
pips on the market movement.

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Daily Pivots
In this process, profit is earned using the volatility of the
daily price of assets. The buy and the sell take place during
the low period of the day and closing in trade occurs at the
high time of the day. The price target here has an almost
similar pattern as mentioned above.

Momentum
In this kind of day trading system trading is done on news
releases. Locating the strong move which is currently the
trend and which is also supported by the high volumes.
The trader target the price when the volume starts to
decrease than the bearish candles start to appear. You are
supposed to acquire assets a few hours before the news is
released and sale it after the market has moved to your
direction.

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 Conclusion and recommendation
Forex day trading system is popular among the rookie traders but not among the professional traders. If you
are a novice in this business you should get some experiences in long term trading. First, you have to prove
yourself by gaining profit in the long run. When you will have more experience, the lower time frame you
need. Day traders began with research and tend to look for a different method to improve their trading.
Here are a few tips that you need to follow:
· Open a demo account
· Choose one of the strategies
· Trade on a demo account until you are consistently profitable.
· Always try to trade on a demo account exactly as you would trade with a live account.

The habits you develop in the demo account, it will carry you over into your live trading.

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ThankYou
The Forex Secret
info@TheForexSecret.com
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