Intraday Forex strategies.

Most traders prefer to maintain transactions exclusively within one day; the popularity of intraday Forex strategies is due to a lot of positive aspects that significantly affect the probable size of profit.

The main advantages of such trading are described in the material “ Intraday trading on Forex ”.

Intraday strategies are Forex trading schemes in which the opening and closing of an order is limited to one calendar date, that is, a deal opened today is closed before the end of the day.

You can use quite a large number of strategies for this type of trading; below we will talk about the most effective and popular of them. And also about important aspects of intraday trading.

• Scalping - the duration of transactions ranges from 1 to 15 minutes, which allows you to minimize the impact of the 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.

• Trading on a breakout - the price in most cases moves within certain boundaries, the breakdown of these boundaries (especially in the direction opposite to the existing trend) is precisely a signal to open a transaction. A fairly simple and effective trading option, described in as much detail as possible in the articles “ Level Breakout Strategy ” and “ Level Breakout in Forex ”.

• Price channels - no matter what time period you analyze price behavior, in any case, during its movement, the price forms a price channel. The boundaries of which are the support and resistance lines; upon closer study, you will always be able to detect 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 strategists differ from most trading options only in the duration of transactions and the condition for their completion before the end of the day.

What time frame should you choose for intraday trading?

The most popular time period is M30 and H1; with a small deposit and high leverage they trade on M1 and M5.

Are there any specific features of the analysis?

The most optimal trading option is when transactions are opened in the afternoon, and the first half of the current day is used for analysis, and you get a more accurate picture of the market.
But we should not forget about Forex sessions and the peculiarities of trading individual currency pairs.

For example, when working with the euro/dollar, it makes sense to analyze its behavior mainly during the European trading session. Duration of trades?

There are no special limits; you can hold a trade during intraday trading from 1 minute to 23 hours, the main thing is that there is enough collateral and the trend corresponds to the chosen direction.