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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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Litecoin Intraday: rebound towards 70.5
Litecoin (LTC/USD)
+0.50+0.82%
rebound towards 70.5.
Our pivot point is at 67.0.
Our preference: rebound towards 70.5.
Alternative scenario: below 67.0, expect 65.7 and 64.9.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68.8 and 70.6).
Supports and resistances:
72.0 **
71.3 *
70.5 **
69.7
68.1 last
67.5
67.0 **
65.7 *
64.9 **
Our preference: rebound towards 70.5.
Alternative scenario: below 67.0, expect 65.7 and 64.9.
Comment: the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the price stands below its 20 and 50 period moving average (respectively at 68.8 and 70.6).
Supports and resistances:
72.0 **
71.3 *
70.5 **
69.7
68.1 last
67.5
67.0 **
65.7 *
64.9 **
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.
