3 Key Trading Strategies From Plus500

3 Key Trading Strategies From Plus500

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Plus500, one of the largest CFD trading platforms online, has recently created a video outlining 3 key trading strategies you can use to optimize your trading positions. As Plus 500 mentions, there are many trading options that can be successfully used, but they focus on Day TradingPosition Trading, and Swing Trading.

The first thing that Plus 500 mentions is the importance of developing some kind of trading strategy for yourself. This strategy will help you optimize your decision making and (hopefully) your overall earnings. The nice thing about having a trading strategy is that it can be customized to fit your needs and work simultaneously along side other strategies. 

Day Trading

The first trading strategy that is mentioned is day trading; or conducting trades via buy and sell options within the same day. This trading strategy focused heavily on short term market fluctuation and targeted windows to maximize trading potential. When you are day trading, it is important to operate with stop-loss options, as it is important to lock in profits or minimize your downside loss by locking in a trade at a certain price. This also helps take the emotional aspect out of trading, as your trades are preset and pre-determined.

Position Trading

Position trading is a medium term strategy that relies on opening a position for a longer time period, such as days, weeks, or months. Unlike day trading, which relies heavily on technical analysis, position trading relies heavily on fundamental analysis, which determines the potential value of a financial instrument by examining and analyzing micro and macroeconomic relevant data. When using the position trading strategy, the trader will wait for the financial instrument to reach a certain level of support before opening their long position and then hold it until it reaches its expected outcome. When conducting this type of trading strategy it is important to have a strong grasp on the underlying fundamental value of the financial instrument.

Swing Trading

Swing trading involves a trader utilizing technical analysis in order to identify trends in a market and capitalize on those future trends with their trades. This strategy involves entering a position at a resistance point and trying to “ride the wave” of the trend and take advantage of the position. Plus500 offers over 90 different technical indicators, so you can develop an in depth strategy in order to track and capitalized on changing market trends.

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