There are many strategies you can try in day trading. And earn between 100 and 50 dollars a day.
1. Momentum trading strategy
- It depends on following stocks or currencies that show strong price movement in a specific direction, whether upward or downward.
- Indicators such as the Relative Strength Index or Momentum indicator can be used to identify opportunities.
2. Range trading strategy
- It depends on specifying price ranges within which the stock or currency can move.
- The asset is bought when the minimum of the range is reached and sold when the maximum is reached.
3. Breakout strategy
- It depends on searching for moments when the price breaks important support or resistance levels.
Trades are opened when the breakout occurs with the expectation that the movement will continue in the same direction.
4. Pullback trading strategy
- It relies on searching for buying opportunities in the upward trend when the price declines for a short period, or selling opportunities in the downward trend when the price rises for a short period.
- Indicators such as moving averages can be used to identify pullback points.
5. News trading strategy
- It depends on exploiting important news events that affect the market.
- Large profits can be achieved during periods of announcing financial reports or economic events.
Before implementing any strategy, it is important to conduct tests and experiments to ensure it suits your trading style and risk tolerance. It is also preferable to use the demo account to apply strategies before trading with real money
