Top 5 Best Forex Day Trading Strategies That Work

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Day Trading Forex Strategy !!

Hello guys , just would like to have your opinion about what is the best strategy in day trading for forex, Like which strategy was successful for you guys ?
submitted by alshamarii to Forex [link] [comments]

Is this guy telling the hard truth?

I always dreamt of becoming a multi millionaire in 5 to 10 years but this guy has brought an interesting point to the table:
Day Trading Market Ceiling There also a Day Trading Market Ceiling. A successful day trader (not an investor, though) will eventually get capped out, as the market simply can’t accommodate an infinitely increasing position size for a particular strategy. To make more the trader either needs to alter the strategy, or also trade something else…and this may or may not work. Change one thing and you can’t assume all else will stay the same. To attain the returns discussed in the “How Much Day Traders Make,” multiple trades are made each day. Trades are likely only lasting a couple minutes. While multiple-millions of dollars worth of stocks, futures or currencies may change hands over the course of couple hours, day traders have precise entry points. Therefore, position size is limited to the amount of liquidity (volume) available at the exact moment a trader needs to get into and out of trades. Investors, hedge funds and mutual funds can accumulate or dispose of positions over weeks, taking advantage of days or even weeks worth liquidity. Day traders don’t have that luxury. It doesn’t matter if a stock trades millions of shares a day; if there is only 100 shares available when they need to take the trade (based on the strategy) that’s all they get. That’s an extreme example, but at any given moment there isn’t infinite liquidity available–there is what there is, and that means there is a limit to how big of a position you can accumulate and dispose of when your strategy calls for it. Based on personal experience, in day trading forex I wouldn’t be comfortable taking more than 5 standard lots on a day trade. Some may take more, most traders would take way less. Taking a larger amount would mean significantly increased risk of slippage or partial fills (you end up with the whole position on losing trades, but only partial positions on some winning trades). Possible gains attained by taking a larger position are offset by these negative factors. At 10:1 or 15:1 leverage a forex day trader–using a day trading forex strategy similar to mine— may cap out at around a $50,000 to $75,000 account (including leverage, that means trading close to $1million). Beyond that, they may find little additional gains, unless they alter their strategy, take longer term trades or stagger their entries and exits at various prices. Changing a strategy to accommodate a larger position isn’t a bad thing, but it takes additional research/practice time…and is it worth it? Only each individual can answer that for them self. In the ES futures market I cap out at about 10 contracts, and that only requires a $40,000 to $75,000 account (maybe even less depending on how much you risk per trade). There is no reason to trade more in my opinion. Could you day trade more contracts? Sure, you could probably get away with 100 contracts some days/some trades…but why? It would take a long time to work up to carrying those sorts of positions, and even trading a few contracts can produce a good living. The same goes for the stock market. Even in a very liquid stock or ETF like the SPDR S&P 500 (SPY) you will hit a limit on how much you can effectively trade on a short time frame. It may be a big limit, but you do hit it. To see the minimum amount of capital you need to day trade, see How Much Do I Need to Become a Day Trader. The bottom line is that you hit a limit on the amount of capital you can utilize effectively, and beyond that your percentage returns will likely decrease. For example, it’s much easier to make 10% a month on a $20,000 account than it is to make 10% a month on $20,000,000. That means day trader tend to withdraw all proceeds over and above their “efficient capital limit.” So a $50,000 day trading forex accounts stays a $50,000 account and monthly profits are withdrawn and spent (like any other job) or allocated to something else. In other words the account doesn’t keep compounding indefinitely, the trader nor the market can withstand doing that…there are ceilings…psychological, natural (life) and structural (market).
Source: https://vantagepointtrading.com/why-day-traders-can-make-big-returns-but-arent-millionaires/

The entire article is a good read. Go read it. But in a way this shattered my dream. So tell me is this guy telling the hard truth or just bull shitting?
He also says that he has met a lot of day traders and most make between 50,000 to 200,000 per year. So aiming for that is a more "realistic goal" then making close to a million dollar per year.
submitted by geardrivetrain to Daytrading [link] [comments]

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submitted by TheBlindSquirrel17 to Daytrading [link] [comments]

It is an instant profit in #GBPJPY. #NeuralTrader indicated a buy with good momentum and so we made 70 #pips in a quick time. If you can spend only a few minutes for #FX every day, then Neural Trader is your best shot https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/

It is an instant profit in #GBPJPY. #NeuralTrader indicated a buy with good momentum and so we made 70 #pips in a quick time. If you can spend only a few minutes for #FX every day, then Neural Trader is your best shot https://wetalktrade.com/velocity-finder-best-forex-trading-strategies/ submitted by Wetalktrade to u/Wetalktrade [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

Forex Trading Strategies Guide: Best Forex day trading strategy

Forex Trading Strategies Guide: Best Forex day trading strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

Simple Forex Trading Strategy: How To Make 40 plus Pips Per Day

Simple Forex Trading Strategy: How To Make 40 plus Pips Per Day submitted by judethegreat to Daytrading [link] [comments]

What’s a good forex day trading strategy?

submitted by ahafiz1 to Forex [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

Forex Trading Strategies Guide: Best Forex day trading strategy

Forex Trading Strategies Guide: Best Forex day trading strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

200 pips a day - Forex Trading Strategy

200 pips a day - Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

How to Trade Forex: The End of Day Forex Trading Strategy

How to Trade Forex: The End of Day Forex Trading Strategy submitted by jackcarey123 to u/jackcarey123 [link] [comments]

Day Trading Forex With The Best Day Trading Strategies ... SIMPLE & PROFITABLE Trend-following Forex Trading Strategy ... 95% Winning Forex Trading Formula - Beat The Market Maker📈 END OF DAY TRADING STRATEGY - THE BEST STRATEGY FOR PART-TIME TRADERS! The best forex day trading strategies  Trader Tips - YouTube HOW TO GROW $100 TO $2,000 IN 3 DAYS TRADING FOREX IN 2020 ... BEST Forex Trading Strategy To Make $1000 per Day in 2019 ... Forex strategy: 20 pips a Day! - YouTube The Easiest Forex STRATEGY! You must watch! 🙄 - YouTube

Woodie CCI Trend Forex Day Trading Strategy is a trend following day trading strategy that provides trade signals based on short-term trends on the lower timeframes but are filtered based on a mid-term trend moving average. Sadukey Indicator . Sadukey indicator is a momentum indicator which identifies short-term trend directions. It indicates the trend by overlaying bars on the price chart ... Day Trade Forex Trend Following Strategy has been developed to assist trend-based intraday or day traders to carry out their daily trading task with consistent success. Besides, detecting the forex trend, it also signals the overbought and oversold condition of the market so that traders can be prepared in advance to catch the upcoming trend from the right place. Day trading strategy is said to be one of the most basic forex trading strategies that all forex traders must know. If you know the basics, you can improve from that. Without the basics, how can you even build a decent strategy? So that’s why in today’s article, we will focus on the details of day trading strategy. Trade Forex & CFDs on 80+ currencies, choosing from a range of Forex majors, Forex minors, and exotic currency pairs, with access to the latest technical analysis and trading information. Trade the right way, open your live account now by clicking the banner below! Forex Day Trading Tips. The practice of day trading is the least popular among professional traders, and the most popular among ... This trading strategy is a day trading strategy fixed on the 5-minute chart. With this strategy, if the trade gathers momentum and starts to trend, the position could be held onto for many candles, even for the whole trading session. This allows the trade to catch quite some pips while at the same time avoiding holding onto the position overnight. Day Trading einfach lernen mit einer Strategie. Eine Trading Strategie ist im Trading Ablauf beim Forex Handel ein wichtiges Element. Gerade Daytrader Anfänger überschätzen die Wichtigkeit der Trading Strategie. Im Daytrading ist häufig die Psychologie und das Geld Management der ausschlaggebende Faktor. Die Strategie gibt Ihnen als Trader ... Day trading is a trading style that involves opening and closing your trades intraday through margin accounts, which means you borrow extra funds from your day trading broker to trade with larger ...

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Day Trading Forex With The Best Day Trading Strategies ...

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