π #Web3Education: Intraday Trading β What Is It and What Are the Advantages of This Strategy?Analyze assets in the morning, open positions, and close all positions and cancel orders in the evening. This is Intraday trading. This approach allows traders to earn quickly using leverage, have a low capital requirement for trading, and better control risks.
For example, you open a long position on BTC with an initial value of $50 000. And you only have $500. In classic spot trading, with a price increase to $60 000, you would only earn $100. And you might wait for this for a week, a month, or sometimes even longer. But with Intraday trading, it's different.
You have $500. You open a position at $50 000 with 10x leverage. And you'll earn the same $100 if the price rises by just $1000. Such fluctuation is more likely within one day if you've analyzed the market situation well enough.
This also leads to the risks of the strategy: high complexity and the experience required from you to properly analyze processes and make correct decisions. Usually, this strategy is traded on 5-minute, hourly, and 4-hour timeframes.
Have you used this approach, and what results have you achieved?
Don't forget to check out our exchange for the best trading conditions and educational resources to enhance your trading skills
β‘οΈ https://web3.world/swap