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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.
What is Forex Trading?
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 Intraday: as long as 66410 is support look for 69020
Bitcoin (BTC/USD)
+1280.16+2.42%
as long as 66410 is support look for 69020.
Our pivot point stands at 66410.
Our preference: as long as 66410 is support look for 69020.
Alternative scenario: below 66410, expect 65420 and 64830.
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 67088 and 65866).
Supports and resistances:
70200 **
69610 *
69020 **
68430
67246 last
66800
66410 **
65420 *
64830 **
Our preference: as long as 66410 is support look for 69020.
Alternative scenario: below 66410, expect 65420 and 64830.
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 67088 and 65866).
Supports and resistances:
70200 **
69610 *
69020 **
68430
67246 last
66800
66410 **
65420 *
64830 **
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.
