What are some good intraday trading strategies?
Hi mate. You should really introduce yourself, talk about your trading background or experience, what you hope to add to this community and gain. If you’re just a one question pony then you probably wont get a meaningful answer.
My advice would be make sure you want to trade intra day as opposed to longer timeframes, open a demo account and back test different strategies. If you need inspiration try the free systems section or Trading system section on babypips.
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There are a 100 different way to trade , you need to learn the basics and find a set rules that suit your lifestyle , trading is very hard and there are no short cuts or free rides , you have to put the work in to get the rewards out
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actually the success any kind of trading strategy depends on most powerful analyzing trading knowledge , so develop your money management first fo all. its for all traders.
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Trading from support and resistance, pick some volatile asset define levels from which price should bounce and catch pullback with short stops. Pretty simple but yet effective strategy, you just need to be careful on MM side and execution quality.
as a beginner support and resistance was my foremost source to trade accurately , i also suggest this. but dont depend on it completely. try to develop your skill each an every day.
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The ultimate goal is to make a system that will have an edge that will deliver consistent positive returns. I think it should not be a problem if you managed to achieve this goal with some simple unsophisticated trading algorithm, I mean we don’t need to complicate matters where it is unnecessary.
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