Forex Education Center/ Part 22 / FOREX FOR BEGINNERS COURSE / Lesson 3. Intra Day Trading

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Welcome to the Forex for Beginners course.
As a reminder the course is aimed for complete beginners.
I tried to keep the lessons short and to the point giving out clear examples and videos where required.

Lesson 3. Intra Day Trading:
In this tutorial we give a brief overview of what is intra day trading, how can you trade it and what is expected from you as an intra day trader.

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Intra day trading is the most common and popular between traders.

These kind of traders are those that can trade for a couple of hours during the day, trying to capture quick moves in the market during the busy sessions.

Technical analysis is of paramount importance in this case.

Mostly the 30minutes and 1 hour time frames are traded.

The intention of the trader is to capture some pips per trade which can vary from 20+ to 100+ pips per trade and a trade may remain open for couple of hours.

However an intra day trader normally closes the remaining portion of the trade at the end of the trading session.

Intra Day Trading requires discipline and the trader must be capable of controlling his emotions – greed and fear! It also requires trade management skills.

This involve setting an adequate and strategically placed stop loss, and clear profit targets.

Patience is key here too.

Of course you definitely need a number of profitable trading systems and good understanding of technical analysis.

Every comment, everyupvote, every support is really appreciated.
Thanks For Reading,
@lordoftruth
Samer

Below you can find the list with all the posts of Forex Education Center:

Part 01 / Live Vs. Demo Trading Accounts


Part 02 / Slippage


Part 03 / ECN Market


Part 04 / What Makes a Successful Price ActionTrader 


Part 05 / The Manual of the Forex Art of War


Part 06 / The Don’ts when you Compare Forex Brokers


Part 07 / What is behind Currency Pair Trading


Part 08 / Banks: Beacons of Fraud


Part 09 / Win With CFD’s


Part 10 / Fight and Win the Bulls and Bears


Part 11 / How to Spot a Forex Trading Fraud


Part 12 /  Become a Master with News Trading


Part 13 / The Forex Risk Management State of Mind


Part 14 / Top 10 Forex Trading Tips for Beginners – The Road to Success


Part 15 / Trader’s Strategy Checklist


Part 16 / E Currency Trading


Part 17 / E CURRENCY TRADING MAP


Part 18 / FOREX TRADING TUTORIALS


Part 19 / FOREX TRADING COURSES


Part 20 / FOREX FOR BEGINNERS COURSE / Lesson 1. Trading Currency Pairs


Part 21 / FOREX FOR BEGINNERS COURSE / Lesson 2. What is scalping

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