I am a day trader and hold my positions any where from a matter of moments to some hours. I’m primarily a scalper and am looking for taking advantage of short-term imbalances between demand and supply. I will continue in a trade as long as I’m able to identify a supply/demand imbalance.
The best platform will a person continuous real time currency quotes that are precise already displayed. The forex market is on 24 hours in time in record zones. Fx rates change within minutes therefore system should access the current information and lock with your transaction immediately.
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Your trading plan can be as simple as that, simply a series of statements answering those 7 questions. You also shouldn’t spend too a lot of time creating your trading plan as it will frequently change throughout your work.
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