Intraday trading, or day trading, involves buying and selling financial instruments within the same trading day. Here are some effective intraday trading strategies: 1. Scalping Description : This strategy involves making numerous trades throughout the day to capture small price changes. How to Execute : Traders often hold positions for seconds to minutes and rely on high volume and liquidity. 2. Momentum Trading Description : Traders buy stocks that are moving significantly in one direction on high volume. How to Execute : Use technical indicators like the Relative Strength Index (RSI) or moving averages to identify strong trends and enter positions accordingly. 3. Range Trading Description : This strategy involves identifying key support and resistance levels and trading within that range. How to Execute : Buy near support and sell near resistance, using tools like Bollinger Bands to identify price volatility. 4. Breakout Trading Description : Traders lo...
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