SigmaForex Trading Time

Day trading essentially means that you enter the market at the beginning of the day and exit it the same day, or in some instances the next day, in which case you pay a roll over fee to the broker. In the process you either make a profit or loss. It sounds simple, but in effect it is a lot more difficult in reality. In essence you have very little time frame to book a profit and that could happen only if you have made your judgment clearly. Now what are these advanced forex trading concepts that could help you in day trading? It is nothing but some vital technical analysis point of view pertaining to forex trading. Before telling you what advanced forex trading concepts is all about, it is worthwhile remembering that, while technical analysis has more to do with day trading, fundamental analysis is helpful to the long-term trader. Ideally you should use a combination of both types of analysis at any point of time in forex trading. But it is just that you use more of technical analysis in day trading. Of course we will learn more of fundamental analysis and technical analysis later on in the articles Fundamental Analysis in Forex Trading and Technical analysis in Forex trading.
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