Day Trading Academy
Welcome to our Day Trading Academy
You will learn about the following concepts
- Introduction to Day Trading
- Character types suitable to day trade
- Money management and strategy evaluation
- Long-term and short-term factors driving the Forex market
- Major currency profiles
- Day Trading strategies
Welcome to yet another section of Binary Tribune’s Forex school. With this guide we aim to provide a comprehensive view of one of the most popular trading styles – Day Trading. Our goal is to acquaint beginner and intermediate traders with the nature of day trading, its advantages and disadvantages, and also help them determine whether they are suitable to day trade or not. We hope that after you have read the following chapters, you will be one step closer to becoming a more accomplished trader, regardless of whether you have chosen to begin practicing day trading or only learned something new and useful.
In our day trading guide, we will familiarize you with the core concepts of this trading style, as well as the required personality traits and resources a day trader must possess, in order to be consistently profitable. We will discuss ways to secure, evaluate and optimize your performance, as well as point out the most significant long-term and short-term factors driving the Forex market.
For those beginners who still haven’t decided which crosses to trade, we have prepared detailed profiles of the major currencies, which make up almost all of the Forex market’s turnover. Last but not least, we will discuss some of the most popular day trading strategies, which in our opinion will allow you to achieve a decent level of return. We also include a few strategies, regarding more swing trading than day trading, as they exceed the generally accepted time frame of day trading.
Our primary objective is to continuously guide you through the process of improving your trading skills, and with the following content we hope to do just that. Even if you have already chosen another trading style, we believe that you will still be able to find new and useful information, so be our guest and read on.
Table Of Contents
Introduction to Day Trading
What is Day Trading
How Best to Describe the Essence of Day Trading
Why Should a Trader Choose Day Trading ?
Which Types of People Should Avoid Day Trading
Day Trading as a Business
Regulation Framework, Part I
Regulation Framework, Part II
Money Management in Day Trading
Further Talk on Money Management
Day Trading Strategy Testing
Evaluating Forex Strategy Performance
Long-Term Factors Driving the Foreign Exchange Market: Capital Flows
Long-term Factors Driving the Foreign Exchange Market: Trade Flows
Purchasing Power Parity and Interest Rate Parity Theories
Short-Term Factors Driving the Foreign Exchange Market
Major Currency Profiles
Profile of United States' Dollar - Overview of Economy
Profile of United States' Dollar - Important Facts
Profile of United States' Dollar - Major Economic Reports
United States Dollar Index
Profile of the Euro - Economic Overview and Monetary Policy
Profile of the Euro - Characteristics and Major Economic Indicators
Profile of Japan's Yen - Overview of Economy
Profile of Japan's Yen - Important Facts
Profile of Japan's Yen - Major Economic Reports
Profile of the Swiss Franc - Economic Overview and Monetary Policy
Profile of the Swiss Franc - Characteristics and Major Economic Indicators
Profile of United Kingdom's Pound - Overview of Economy
Profile of United Kingdom's Pound - Important Facts
Profile of United Kingdom's Pound - Major Economic Reports
Profile of the Canadian Dollar - Economic Overview and Monetary Policy
Profile of the Canadian Dollar - Characteristics
Profile of Australia's Dollar - Overview of Economy
Profile of Australia's Dollar - Important Facts
Profile of Australia's Dollar - Major Economic Reports
Profile of China's Yuan - Overview of Economy
Profile of China's Yuan - Characteristics and Economic Indicators
Fundamental and technical trading strategies
Positioning According to Central Banks' Interventions
Using Carry Trades to Maximize Profit
Positioning According to Changes in Commodity Prices
Positioning According to Bond Spreads
Positioning According to Equity Market Movements
Positioning According to Major Macroeconomic Events
Choosing Currency Pairs According to Their Components' Strength Differential
Trading the News - Proactive Approach
Trading the News - Reactive Approach
Trading the News - Combining the Proactive and the Reactive Approaches
Positioning Based on Analyzing Different Time Frames
Positioning at Breakouts from Inside Days
Positioning at Large Volatility Zones
Positioning Within Trading Channels and Following Breakouts
"Fading False Breakouts" Trading Strategy
How to Sift Out Failed Breakouts (Swing Trading Strategy)
Sequence of Moving Averages (Swing Trading Strategy)
Short-Term Momentum Trading