Is there any particular way for a profitable trading?

<p>Several strategies and ideas exist to help intra-day traders maximize their profits. The most important thing is to manage the risks involved. First of all, only trade with money you can afford to lose. For day trading, traders should set aside a specific amount of money. Furthermore, avoid taking out loans to trade since the market can go either way. In addition, one should not quit the day job immediately and think that profits from stock trading will cover all bills.</p>

<p id="isPasted">You can be consistently profitable trading any financial market and conducting business in any profession. Do not let negative thinking limit what you can achieve. There is always an answer to every question and a solution to every problem. The first thing a trader needs to do is to believe in themselves. If you think the market is ominous and out to get you that will be your reality and that will work against you and your trading psychology. Why not turn that on its head and believe that anything is possible? If you believe that you can overcome all obstacles in your path you will persevere and accomplish great things. No one got anywhere without hard work and applying themselves through a sustained effort.</p><p>As long as the price is moving you can make profits. When the price stops moving you cannot make any profit. Price has to continue to move because Smart Money (those that control and run all financial markets) needs to get paid every week. Until the market stops moving stop focusing on why you can’t win and start focusing on getting your unfair share of profits from the market.</p>

<p id="isPasted">Here are a few intraday trading strategies that you can employ:</p><p>1. Momentum trading strategy: Intraday trading mostly involves tracking stocks that show a decent amount of fluctuation on a usual basis. There are generally around 20-30% of stocks in the market that shows a decent amount of fluctuation. The fluctuation is called momentum fluctuation. In momentum trading, traders try to select the stocks that move in a predicted direction in high volume. It is optimal for benefiting from a stock’s momentum in the market.</p><p>2. Breakout trading strategy: Breakout market strategies are used for entering the market when the price goes beyond its support and resistance. Traders use different indicators to find these patterns in the market. Traders calculate the breakout price and wait for the breakout. However, this strategy must be practiced with caution.</p><p>3. Reversal trading strategy: In this strategy, traders will try to identify the stocks which are either at highs or lows. These stocks have a good chance of reversing their movement. Once the reversal begins, the traders wait for the securities to get to the highs. The trader will square off their position once they have earned their profits.</p>

<p>There is no single way to guarantee profitability in trading. Trading carries inherent risks and it is not suitable for everyone. It is important to carefully consider your own financial situation and risk tolerance before deciding to trade. It is also essential to thoroughly educate yourself about trading, including learning about different financial instruments and strategies and using risk management techniques such as setting stop-loss orders. It is also important to remain disciplined and not let emotions guide your decisions.</p>

<p id="isPasted">The most profitable trading style is scalping, and it’s the most difficult to do, catching market movement on the 1-minute chart.</p><p>In 2nd place is day trading, catching market movement within a trading day.</p><p>In 3rd place is middle-term trading, making a couple of orders per week, and waiting for profit for several days/weeks</p><p>And in 4th place is long-term trading, making some orders during a month and waiting for profit for half a year or longer.</p><p>Long-term and middle-term trading doesn’t require sitting in front of the monitor and waiting when the market gives a signal to buy or sell. Checking the market situation once per day is enough to determine where you will enter or exit the market.</p><p>This style of trading is less profitable compared with others as if you enter the market and expect to catch a 300–500+ pips trend, that can be in a couple of weeks(months).</p><p>The positive thing is that you don’t need to work hard and spend a lot of time on it, and you can connect it with 2nd job if you don’t have time on Forex within a day.</p><p>Day trading requires checking the market situation at least once per hour, for catching market movement during the day, and profit is much bigger than in long-term trading.</p><p>If the market is swinging with 30–50 pips within a day, you can catch these waves, and collect 100 pips in a day, so with good volatility, you can collect 300–500 pips within a week.</p><p>But in this style of trading you have to spend more time, and connecting with a full-time job will be very difficult.</p><p>Scalping requires constant monitoring of the chart, and being in a market every 5 minutes, as catching waves on a 1-minute chart requires good reaction and mobility.</p><p>It is the hardest style, but MOST profitable. With good market volatility, you can collect up to 200–300 pips in a day.</p><p>More work you do - the more profit you get. It’s not only in trading, but in another job as well.</p>