The main issue met by the beginners who are willing to learn how to trade is always the same, they don’t know where to start.
Well, like in all battles in history, victories are based on a good strategy…
So we came up with a shortlist of 7 day trading strategies for traders apprentices, on top of the very classic Momentum strategy – jumping on a stock whose price is moving up.
Check this out, newbies. And if you don´t find happiness here, you still have our trading horoscope to decide what to do with your money.
1. News Trading
The simplest one to explain: it’s about keeping up to date with major news event, and moving quickly to buy or sell as needed
Simply put, you should buy an asset when its price trend goes up, and sell when its trend goes down, expecting price movements to continue.
Choose a category, and then go short on a weak stock and long on a strong one. You dramatically increase your odds of achieving remarkable profits.
Breakout trade takes place when the stock price rises or drops above/below the former top or bottom resistance/support price.
With this very popular strategy in the forex market, you will sell as soon as the trade becomes profitable, capitalizing on minute price changes.
Learn the normal high and low range of a specific stock and always trade within it. The strategy where patience really pays off.
7. Reversal or Contrarian
Can be potentially dangerous as you aim to trade against the trend, defying basic logic by predicting the strength of possible pullbacks. Requires more advanced knowledge.
So tell us, what strategy did you choose? What is your favorite one? You can always try everything by setting up your account on AdelTrade, the gaming platform for traders, and entering one of our competitions where you can learn how to trade without any risks, playing virtual money in real market conditions.
Of course, another idea will be to consult our trading horoscope and trust astrology to pick up the best day trading strategy for you.