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First RED Day Trading Strategy - TRADINGVIEW DAY TRADING STRATEGY TESTED @B The Trader
In this video, I demonstrate a First RED day trading strategy using the TradingView day trading strategy wizard. This strategy is designed to trade the S&P 500 Index, crypto, and forex and is based on Price action.
I found this strategy on this channel that I watch regularly @B The Trader
These 2 brother uses a set of day-trading strategies to day trade and I wanted to backtest and potentially connect them to trading bots.
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Another best tradingview strategy that I'm going to be improving on every week. Data and can be used on ALL Pairs FOREX CRYPTO & STOCKS day trading swing or scalping.
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#trading #strategies #daytrading
Day Trading Forex and Crypto - What is Day Trading?
Day trading is a form of speculative investing, which is a good way to earn money if everything goes right. However, the risks are high and there are many regulations, such as margin requirements and SEC rules. As a result, you should always invest money you can afford to lose. This way, you will not be putting up important funds that you need to pay bills. Furthermore, if you are going to work full-time as a day trader, you should always save up some money for a rainy day.
When day trading, you can use a variety of strategies. One strategy is known as momentum trading. It involves finding assets with clear trends and then following them. These trends can be triggered by a news article, a new product launch, or a celebrity tweet. Regardless of the reason, the key to identifying a trend is to understand the price action of the asset. Then, you can determine how to make the trade.
Before starting to day trade, you should educate yourself on different techniques and strategies. You should also choose which market you want to trade on. Different markets have different rules. It is important to practice with paper trading before investing real money. It is also important to establish how much money you are willing to lose before entering the market.
DISCLAIMER (read it please): Leverage trading is ONLY for EXPERIENCED TRADERS. If you Trade with a BOT from 3Commas on Bybit it does NOT mean you have no risk. You can still lose money if the Bot suddenly gets unprofitable.
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