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    How Do Virtuosos Make Money in Intraday Trading?

    Abstract:WikiFX shares with you several know-hows concluded from the successfully profitable experiences of some intraday-trading masters, in a bid to prevent you from twists and turns.
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      1. Proven techniques lay foundation for gaining profits stably, including the signals of market entry or exit, the operation of stop-loss or stop-profit, and the size of positions. Otherwise the trend of intraday trading may remain out-of-order, making steady profit-gaining impossible.

      2. Only entering the market that you are specialized in and carrying out the stop-loss operation decisively can keep you alive in forex trading even if the conduct of stop-profit operation is hesitant.

      3. Its better to make short-term transactions according to the analysis on long-term ones in intraday trading, i.e., analyzing the 5- or 30-minute even intraday K-line preferentially. It is important to close positions on the heels of gaining profits due to capricious intraday trends.

      4. Please dont be stuck in your obsessions or trapped by losses due to heavy positions because you are apt to be severely emotional after watching trading charts for a long time in intraday trading.

      5. The only thing under your control in the market is operating stop-loss or stop-profit. The primary principle is keeping stop-loss within your acceptable range all the time.

      6. Observing the trend of the market through the price fluctuation is indispensable to exploring the opportunity of market entry as new situations are possible to emerge daily due to the abruptness and contingency of intraday trading.

      Expectations for every transaction in the wake of its commencement should be abandoned. Entering or exiting the market should be conducted based on signals instead of emotions.

      Stay on WikiFX to get lessons from experts who have traded forex for over 20 years.

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