Daily trading forex for 100 USD profit per day
As an experienced day trader, I have been making steady gains of 100 USD per day by executing trades during the Asian session. Over time, I developed my own trading strategy and adhered to it strictly, thereby ensuring stability and profitability in my transactions.My trading strategy is based on analyzing the overnight market movements after the US market closes to determine the early morning trend for the next day's trade. I closely observe the market's behavior and fluctuations throughout the night, especially focusing on the performance of currency pairs when they close at the end of the US session as this often reflects market preference.
Once I identify the trend, I immediately follow through with the trade during the Asian session's opening. When executing trades, I employ a "scalping" approach, frequently entering and exiting the market within short periods, aiming for small profits from price discrepancies. This method requires sharp market awareness and quick reactions, but as long as risk management is strictly controlled, substantial profits can be accumulated within a relatively short period.
I am particularly stringent about setting up proper stop-losses before each trade. Before each transaction, I set a reasonable stop-loss point to ensure that if the market moves against me, I can swiftly exit and minimize losses. Rigorous stop-loss protection not only safeguards my capital but also allows me to remain emotionally calm, preventing hasty decisions due to emotional fluctuations.
Through this trading method, I have managed to maintain an average daily gain around 100 USD. Of course, the forex market is unpredictable and not every day brings ideal returns, but overall, this strategy has allowed me to achieve decent results in intraday trading.
Throughout practice and reflection, I firmly believe that successful forex trading is not just dependent on an effective strategy but also on discipline and risk control. Only by strictly following the trading plan and being vigilant towards market risks can one succeed in the forex market.
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