What is the Method in Intraday Trading?

Intraday is a daily trading model that is widely used by traders. This strategy is widely applied by some traders to get short-term profits. So intraday traders will pay attention to intraday price movements using real time charts to benefit from short term price fluctuations.

Intraday techniques are not like long-term techniques that require traders' patience in waiting for certainty of trading results. Positions are opened and closed on the same day, so traders can get profit on the same day. Even if you get a loss, the loss experienced will not be protracted.

Such a technique is easier to help traders to quickly move on and focus on finding new opportunities the next day. Perhaps that is what makes intraday trading popular with many traders.

Strategies traders use for intraday trading:

Scalping

Scalping makes a lot of small profits from small daily price changes. Range trading, using support and resistance levels to determine buying and selling decisions.

News-based Trading

News based trading takes trading opportunities due to increased volatility around important economic news releases.

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