New to day trading?
A day trader needs to exercise a high degree of discipline to take profit from intraday price action. If you’re just starting out or experiencing a run of losses, it can help to spend time mastering technical day trading strategies before increasing your long-term exposure.
Many successful day traders pick just one or two set-ups, such as a breakout or moving average crossover, then rinse and repeat. With good risk management in place and consistent profit building in their account, they typically use demo accounts to perfect their strategies before opening a live account and increasing their position sizing in live conditions.
Help with your day trading strategies
Whatever your preferred day trading strategies, we can supplement those with our range of powerful analysis tools so you can better identify potential opportunities as they arise. For instance, you can scan and analyse the intraday markets using our automatic chart pattern recognition and pattern quality indicators.
Our OANDA mobile app offers technical analysis (powered by AutoChartist), a web-based charting application, to scan data for price changes and volatility. And for the fundamentals side of things, we also have an economic calendar with key events and announcements, such as FOMC meetings and earnings reports, that may affect your day trading strategies.
