When it comes to day trading the forex market, many day traders will spend an exorbitant amount of time conducting technical analysis, plotting support and resistance levels, and hoping once they place their trade that the price moves in their favour. Short-term trading can be very lucrative if done correctly, with perfect risk management and the right profit target, forex traders can extract consistent gains from the market, 50 pips at a time. It’s just about finding those perfect trading opportunities and applying the best forex day trading strategies.
Applying the Best Forex Day Trading Strategies: Firstly, let me ask you a question. Which time frames do you use? The only answer I should hear, is that time frames don’t exist. That is what we have proven time and time again here at Platinum. Whether trading long term or short term, we never rely on any time frames as there is simply no inherent benefit in any of them, they are simply different ways to display the same core data. When it comes to trading setups, we’re instead looking at a whole number of other things, including the price action of a particular pair in recent times. Before we enter a short or long trade, we make sure we’re fully up to date on our fundamental analysis first and foremost as this is possibly the most important aspect of any trade. Then we use our forex day trading strategies to determine if the trade is suitable and logical. If so, we will send out the trade signal to our clients in order for them to succeed as we succeed, extracting those all-important profits from the markets. If you want to be a Platinum trader and learn the forex day trading strategies that are proven to work time and time again, then it’s time to get in touch, and start on the path to becoming the best trader that you can be!
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At the heart of our continued success of the Platinum Trading System, is the highly complex Platinum Confluence Matrix.
This highly developed algorithmic Matrix makes trading a pleasure. The Confluence Matrix takes away the need to tick boxes, the need to spend time on your Technical Analysis, the need to look at multiple time frames; all of your focus can be fully applied to waiting for the Matrix to provide you with the optimum entry level for your trades.
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