Intraday Forex Strategies.

Most traders prefer to maintain trades exclusively within a single day. The popularity of intraday Forex strategies is due to a number of positive aspects that significantly influence the potential profit margin.

The main advantages of this type of trading are described in the article " Intraday Forex Trading ."

Intraday strategies are forex trading schemes that limit the opening and closing of orders to a single calendar date. This means that a trade opened today is closed before the end of the day.

A wide variety of strategies can be used for this type of trading. Below, we'll discuss the most effective and popular ones. We'll also discuss important aspects of intraday trading.

• Scalping - the duration of transactions fluctuates from 1 to 15 minutes, which allows you to minimize the impact of correction and use maximum leverage, turning even one point of profit into a significant amount. The strategy is described in detail in the " Scalping " section.

• Breakout trading - in most cases, the price moves within certain boundaries, the breakout of these boundaries (especially in the direction opposite to the existing trend) is the signal to open a deal. A fairly simple and effective trading option, described in detail in the articles " Level Breakout Strategy " and " Level Breakout on Forex ".

• Price channels - no matter what time frame you analyze the price behavior, in any case, during its movement, the price forms a price channel. The boundaries of which are the support and resistance lines, with a more thorough study, you can always discover a certain pattern in the price movement, this pattern will be fundamental when opening new positions. If you are interested in this strategy, you can read about it in the article " Trading in a Channel ".

Intraday strategies differ from most trading options only in the duration of trades and the requirement to close them before the end of the day.

So, which time frame should be chosen for intraday trading?

The most popular timeframes are M30 and H1; those with small deposits and high leverage trade on M1 and M5.

Are there any special considerations when conducting analysis?

The most optimal trading option is to open trades in the afternoon, using the first half of the current day for analysis; this provides a more accurate picture of the market.
However, it's important to remember about forex sessions and the specifics of trading individual currency pairs. For example, when trading the EUR/USD, it makes sense to analyze its behavior primarily during the European trading session. What is

the duration of trades?

There are no specific timeframes; you can hold a trade during intraday trading from 1 minute to 23 hours, as long as there is sufficient collateral and the trend is in the desired direction.