Fellow rookies,
What information feed does the intra-day trader use to identify sudden areas of strength/ weakness in a particular pair
(ie the trader wants to get in/ out during the day – higher volume, lower pips each time)
Note I am concerned here purely with price action (on the chart) and not any outside news events
[Presume he/ she is looking at a very short timeframe and there is a sudden indication or green light to proceed with the trade]
Also are you better trading with very liquid pairs (major currencies) which contain potential of high volumes of cash in/out
Best regards,
Kenny
What information feed does the intra-day trader use to identify sudden areas of strength/ weakness in a particular pair
(ie the trader wants to get in/ out during the day – higher volume, lower pips each time)
Note I am concerned here purely with price action (on the chart) and not any outside news events
[Presume he/ she is looking at a very short timeframe and there is a sudden indication or green light to proceed with the trade]
Also are you better trading with very liquid pairs (major currencies) which contain potential of high volumes of cash in/out
Best regards,
Kenny
Kenny