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This strategy is what works for me personally. It may not work for others. Took me a long time to figure out exactly what works for me and the right names to focus on. The journey to become consistently profitable is long and never ending but worth it if you are passionate about trading!
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DISCLAIMER: I am not a licensed financial professional. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. Your investment decisions are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion in this video.
Is Momentum Trading Profitable, Scalping + Momentum Names = Consistently Profitable Trader.
Momentum in finance is based on the following essential variables:
Volume is the amount of a specific asset that is traded within a given timespan. Volume is not the number of transactions, yet the number of properties traded– so, if five buyers acquisition one asset each, it looks the like if one buyer acquisitions five of the asset.
Volume is important to Momentum traders, as they need to be able to go into and leave positions quickly, which relies upon there being a consistent stream of buyers and vendors out there. If a market has a high number of buyers and vendors, it is referred to as a liquid market as it is much easier to exchange an asset for money. Whereas if a market has a low number of buyers and vendors, it is regarded as illiquid.
Volatility is Momentum Trader’s traders’ support. Volatility is the degree of modification in an asset’s price– if a market is very volatile, it implies that there allow price swings, while a market with reduced volatility is comparatively steady.
Momentum traders will seek out volatile markets, in order to make use of short-term fluctuates in an asset’s worth. As Momentum trading efforts to capitalise on volatility, it is necessary to have a suitable risk monitoring approach in place to secure your trades from negative market motions. This ought to include quits and limitations.
Momentum trading strategies are generally concentrated on short-term market motions, yet the period of a profession can rely on for how long the trend preserves its strength. This could make is suitable for traders that utilize longer-term designs such as position trading, in addition to those that prefer short-term designs, such as day trading and scalping.
How to begin Momentum trading
Identify the asset you have an interest in
Devise Momentum Trader’s trading approach based on technological indications and analysis
Practise trading in a safe atmosphere making use of an IG demo account
Start trading on live markets by opening up an account with IG
Conversely, you can discover more regarding trading strategies and indications with IG Academy’s range of on the internet training courses.
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