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I've been #daytrading the $EURUSD for 14 years.
Here are 10 key day trading insights that have kept me in the game.
Including strategies, ways to improve, position-sizing, making rapid trades on the fly, and more.
A thread👇
Here are 10 key day trading insights that have kept me in the game.
Including strategies, ways to improve, position-sizing, making rapid trades on the fly, and more.
A thread👇
1. When day trading #forex, I only trade the EURUSD.
It has enough movement, the smallest spread, and the biggest volume (which translates to less slippage on orders).
No need to waste time or effort on anything else.
Specialize and get good at one thing.
It has enough movement, the smallest spread, and the biggest volume (which translates to less slippage on orders).
No need to waste time or effort on anything else.
Specialize and get good at one thing.
2. Use an ECN broker for day trading.
The spread should be under 0.5 pips & the commissions under $5/standard lot.
$0 to $3 commissions and under 0.4 pip spread is much better.
Bigger spreads and commissions create a disadvantage...
The spread should be under 0.5 pips & the commissions under $5/standard lot.
$0 to $3 commissions and under 0.4 pip spread is much better.
Bigger spreads and commissions create a disadvantage...
