Thursday, September 4, 2014

Forex, equities or futures has its advantages

The best trades for the day trader comes when the markets enter into a trend. Next day gaps can open with a gap down that formed a major top the day before. When prices broke the last minor bottom, they also broke lows and gave a signal to enter the trend short. This is where daytrding can be tough on a new traders.  By maintaining the stops above the most recent minor top, a trader was in on most of the collapse of the markets on that day.  A daytrader was able to find the right trades to capture a larger part of the dominant trend. Thus that they will not get the absolute high or low for entry, but trading with the trend allows you safer, higher probability, lower risk trades that build the consistent profits day traders want.
Equities Day trading