Who is a day trader and how to become one? In this article, we study the main principles of day strategies and the qualities that a trader needs to trade successfully.
Today, I will try to enumerate 7 trading strategies of 2022, which will be especially useful for you if you have not tried some of them yet. Always keep in mind that however beautiful a trading strategy may seem, never rush at using it on real money.
Indicators have long been introduced to the trading systems of many traders. As a minimum, they are of good help in chart analysis, as a maximum, they are the base of the whole trading system. Algorithmic trading, which means automatizing the work and creating trading robots, is also mostly based on the signals of various indicators.
Beginner traders usually consider money management to be some dull paperwork; outwitting and conquering the market for a short-term profit seems much more exciting. Short-term effects give you the feeling of a victory but are very few. Such an approach tends to end up in a failure as it is, in essence, playing with the market but not a serious systematic approach. And after the trader realizes that trading requires a strategy and a plan, they start to consider studying some money management models.