Want To Be an Intraday Trader?

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Want To Be an Intraday Trader? It’s How It Works and What Benefits Can Get

Trader Intraday – In this discussion we will focus on discussing what is meant by intraday traders and some of the benefits that can be obtained. The discussion this time will be very useful for beginners who currently do not have a clear trading style and are still in the trial and error phase.

Here’s a further explanation.

Intraday Trading

Trading with intraday techniques is to make a sale within 1 business day or a maximum of 2 working days. In this way, you should really know when it’s appropriate to make a purchase and when it’s the right time to sell.

Now let’s take an intraday example on stock trading case, where in 1 year JCI has at least 200 working days. With the probability of winning using this technique is only 6/10 and every profit will get 1.4% and so will the losses that will be earned.

The calculation of profitnya like this, because only 60% that will produce meaning there are only about 120 working days. With profits reaching 1.4%, it means there will be a total profit of around 168%.

On the other hand the loss was around 1.4%, so it was 1.4% multiplied by 1.4% per day thus there would be a loss of 112%. So in one know the percentage of loss and profit you will get makes a surplus of 56%.

The ratio we illustrate with the sahan case is not the original benchmark, because if you are able to design good rules and systems, it could be that the profit ratio could be improved even more.

The advantage of using intraday techniques is that as traders you only need to open 1 position per pair in one day. With positions opened and closed in one day, you don’t need to worry about getting a swap or negative interest.

5 Positive Value When You Intraday Trading

1. The ability to see market movements

Most traders feel that getting a daily profit is better than playing in the long run.So the traders not only get the benefits there, but also can hone their trading skills.

Thus traders can hone their ability to predict market movement patterns. The market can also provide an open opportunity in processing daily profit for traders.

2. Reducing Stress Levels

Intraday traders have the tendency of not sleeping to monitor the positions they have. They prefer to know the results of their hard work before they can go to bed soundly.

Jada traders with this type prefer to sleep in a calm state and do not need to worry about their position again. With a quieter resting pattern, traders with this type can avoid the stress.

3. Save Margin

An intraday trader can save margins, when compared to traders who understand their position overnight.

4. Low Trading Costs

Intraday trading has a lower swap cost. So that traders can get the benefits in full without any large swap pieces.

5. Lack of Risk

The next benefit is that trading with intraday techniques tends to make you feel safe. This technique will keep you away from the upcoming market movements that can hit the open positions overnight.

3 Trading Items You Can Use to Conduct Intraday Trading

1.Index Hangseng, Dow Jones, Nasdaq

Where you can start by first trading in Hang Seng in the morning and evening and then proceeding with the United States market at night.

2.Pair Forex GBP / USD, EUR / USD

We recommend that these 2 currency pairs be chosen, because the movements tend to follow the economic data that is available every day.

3.Gold

Then you can trade gold, because the daily movement has a large range. Even so, you still have to pay attention to money management, because gold trading is very volatile.

Although there are several benefits you can get, trading in this way requires a hard work and sacrifice that needs to be done by a trader. The thing you have to remember is that it is impossible to become a trader in just one day.

You also still have to hone your trading strategy and understand well the fundamental analysis that is done.

Many traders prefer intraday traders because of the challenge of seeing the daily adrenaline-driven price movements.

If you include people who are not easily bored with existing charts and are able to see price movements up and down each day, intraday trading is a suitable type of trading to use.

Conclusion

Each type of trading has advantages and disadvantages of each and you can use based on conformity with your personality. We hope that the full explanation we have made regarding this intraday trader is very useful for all of you who have read it.

If you find it suitable to apply this technique, then feel free to try it out. If you still need another explanation regarding the above topic, please do not hesitate to ask us through the comments field below. We’ll be happy to answer any incoming questions.

Hopefully what we have said above is useful and inspiring!

Good luck!

author
Forex4Live.com is a forex trading system website that started to be published since 2011 and has been used by thousands of traders around the world. The system is very simple and accurate, priced at $ 167 for a lifetime membership with no monthly fees or hidden fees. Our team created this system by testing thousands of indicators then selecting 23 indicators and combining them into one great trading system.
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