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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.
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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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EUR/USD Intraday: as long as 1.0838 is support look for 1.0898
EUR/USD (EUR/USD)
-0.00255-0.23%
as long as 1.0838 is support look for 1.0898.
Our pivot point is at 1.0838.
Our preference: as long as 1.0838 is support look for 1.0898.
Alternative scenario: below 1.0838, expect 1.0817 and 1.0804.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.0859) but above its 50 period moving average (1.0855).
Supports and resistances:
1.0923 **
1.0910 *
1.0898 **
1.0885
1.0858 last
1.0847
1.0838 **
1.0817 *
1.0804 **
Our preference: as long as 1.0838 is support look for 1.0898.
Alternative scenario: below 1.0838, expect 1.0817 and 1.0804.
Comment: the RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.0859) but above its 50 period moving average (1.0855).
Supports and resistances:
1.0923 **
1.0910 *
1.0898 **
1.0885
1.0858 last
1.0847
1.0838 **
1.0817 *
1.0804 **
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.
