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A Simple Day Trading Strategy - TradingMarkets.comOnce the overall trend is established, you move to a smaller time frame chart and look for trading opportunities in the direction of that trend.Get Free Forex Training Videos, Forex Day Trading Course, and Daily Currency Market Analysis.
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You will want to keep yourself up-to-date on the latest economic news so that you can make your trading decisions at the beginning of the day.
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In this example we see that there was a long and exhausted downtrend on the 4hr chart.The idea here is to find the end of a trend and get in early when the trend reverses.First determine what the overall trend is by looking at a longer time frame.The information contained within this site is for educational purposes only.
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