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What is Day trading? How to practice Day trading?
Day trading is a style of trading where financial instruments such as stocks, currencies, commodities, or options are bought and sold within the same trading day. The key characteristic of day trading is that all positions are closed before the market closes for the day, preventing the trader from holding any overnight positions. This distinguishes day trading from other strategies like swing trading or long-term investing, where assets may be held for days, weeks, or even years.
Options Vs CFDs: Understanding the Key Differences
The distinction between CFDs (Contracts for Difference) and options primarily lies in their respective trading styles, response to market conditions, ownership potential, method of leveraging the market, product pricing, transactional costs, and their trading platforms. Both these financial instruments provide unique advantages and cater to different trading goals and strategies.
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What does forex trading mean? What assets are traded during Forex trading? Check out this article to find the answer.
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Bitcoin Cash Intraday: as long as 365.4 is support look for 389.4
Bitcoin Cash (BCH/USD)
+9.30+3.23%
as long as 365.4 is support look for 389.4.
Our pivot point stands at 365.4.
Our preference: as long as 365.4 is support look for 389.4.
Alternative scenario: the downside breakout of 365.4 would call for 356.4 and 351.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 371.2 and 362.4).
Supports and resistances:
400.2 **
394.8 *
389.4 **
384.0
372.9 last
368.9
365.4 **
356.4 *
351.0 **
Our preference: as long as 365.4 is support look for 389.4.
Alternative scenario: the downside breakout of 365.4 would call for 356.4 and 351.
Comment: the RSI is above 50. The MACD is below its signal line and positive. The price could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 371.2 and 362.4).
Supports and resistances:
400.2 **
394.8 *
389.4 **
384.0
372.9 last
368.9
365.4 **
356.4 *
351.0 **
Disclaimer: References, analysis and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgment of the analyst, without considering the investment objectives and financial situation of the investors. All strategic opinions do not constitute investment advice or recommendations and are for references only. Our company also does not guarantee the accuracy of the strategic views and does not take any responsibility for the negative results caused by the trading strategies.
