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Summary
The markets are ever-changing. Every day the market adopts different behavior characteristics. Trading the daily bias allows traders the agility for fast updating the market view due to its impulsive changes.
Besides analysis and bias, day trading has many more advantages. Being out from the market at the end of the trading session, has a positive effect for the trader’s lifestyle, in terms of less pressure, defined working hours, faster learning and improvement curve, and much more.
In the upcoming series of webinars, we will dive deep into how to analyze day trading opportunities based on Order flow/supply and demand and price action concepts.
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Editors’ Picks
EUR/USD holds losses below 1.0900 amid cautious mood
EUR/USD is posting small losses while below 1.0900 in the European session on Tuesday. The pair treads water amid a cautious market mood, as traders weigh the US political updates and China slowdown worries. The US Dollar holds steady, in the absence of top-tier economic data.
GBP/USD stays pressured toward 1.2900 as US Dollar stabilizes
GBP/USD is on the defensive toward 1.2900, lacking firm direction in European trading on Tuesday. The US Dollar looks to stabilize after the early decline, weighing on the pair. Traders await mid-tier US housing data for fresh trading impetus.
Gold price remains at bay with US data in focus
Gold price trades with caution in the countdown to a string of US economic data. Firm Fed rate cut hopes to keep the upside in the US Dollar limited.
Bitcoin price struggles around $67,000 as US Government transfers, Mt. Gox funds movement weigh
Bitcoin struggles around the $67,000 mark and declines by 1.7% at the time of writing on Tuesday at around $66,350. BTC spot ETFs saw significant inflows of $530.20 million on Monday.
Big tech rebound ahead of earnings, Oil slips
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Tesla and Google are due to report earnings today after the bell, and their results could shift the wind in either direction. Despite almost doubling its stock price between April and July, Tesla sees appetite for its cars and its market share under pressure.