Don’t waste your time – keep track of how NFP affects the US dollar!

Data Collection Notice

We maintain a record of your data to run this website. By clicking the button, you agree to our Privacy Policy.

facebook logo with graphic

Join Us on Facebook

Stay on top of company updates, trading news, and so much more!

Thanks, I already follow your page!
forex book graphic

Beginner Forex Book

Your ultimate guide through the world of trading.

Get Forex Book

Check Your Inbox!

In our email, you will find the Forex 101 book. Just tap the button to get it!

FBS Mobile Personal Area

market's logo FREE - On the App Store

Get

Risk warning: ᏟᖴᎠs are complex instruments and come with a high risk of losing money rapidly due to leverage.

69.21% of retail investor accounts lose money when trading ᏟᖴᎠs with this provider.

You should consider whether you understand how ᏟᖴᎠs work and whether you can afford to take the high risk of losing your money.

Day trading

Information is not investment advice

It is another short-term trading style. A day trader normally takes a single trade a day and closes it once the day is over.

The key goal of a day trader is to generate profits within the course of a day; they don’t like keeping their position open overnight.

This style of trading suits best those FX traders who have plenty of time throughout the day to analyze the market situation and adjust their position in accordance with the intraday fluctuations of the price. If scalping is too fast for you and swing trading is a bit slow, it means that you’re a day trader.

Day Trading strategy

A day trader should have strong analytical skills, actively use various indicators and other technical tools. Also, he/she has to have a sound background in economics to be able to recognize fundamental trading signals. Also, he/she should have a truly powerful exit strategy to close his/her opened positions with the highest returns at the end of the day.

Since day traders frequently turn over their positions, they normally trade with liquid currencies to limit spread costs.

The trader with steel nerves

Martin-S.-Schwartz.png

A good example of a day trader is Martin S. Schwartz, the man whose steel nerves and great intellect earned him great fortune and the well-deserved name of Pit Bull. He received national attention when he won the US Investing Championship in 1984. His day trading style became invincible at that time. He never held a position open for a long period of time. To make his bets he followed technical indicators and received trading signals from economic reports and other tools of fundamental analysis.

When it comes to news and fundamental data, most traders just focus on the actual numbers and then wonder why the markets are not behaving according to the news release. Marty Schwartz believed that a trade should be based not on the actual number printed in the headline of economic release, but on the reaction of the market participants that appears after the publication of the data. Marty advised traders to forget about their guesses, thoughts, and listen to what market is telling, because the purpose of trading is not in the confirmation of your guesses, but in earning money.

Our day trader often used technical indicators for the prediction of price direction. His all-time favorite analytical tool is 10-period exponential moving average (EMA). This technical instrument helped Marty to distinguish between bullish and bearish scenarios in short-term trades.

Popular

Will the CPI Crash the USD?

 The most impactful releases of this week will fill the market with volatility and sharp movements.

Crypto Market Changes The Trend

Happy Tuesday, dear traders! Here’s what we follow: 

The US Labor Market And Real Estate Market Are In Focus This Week

Labor Market and Real Estate Market data was published yesterday. Markets are slowing down, so the economy is in recession. Today the traders should pay attention to the Retail sales in Canada.

Choose your payment system

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later