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Intraday Trading Strategies for Commodity Market

Various techniques are used to earn consistent profits. There are some intraday trading tips and strategies that are most used by traders.

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Intraday Trading Strategies for Commodity Market

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  1. Intraday trading strategies for commodity market Intraday trading strategies for commodity market and stock market Online trading is done on a large scale in all countries of the world. Of course this is considered a risky business. But if the right discipline and patience are used then big profits can be made here. Various techniques are used to earn consistent profits. There are some intraday trading tips and strategies that are most used by traders. Similar Popular strategies will be given in this post. 1. Opening range breakout strategy This intraday trading strategy is most commonly used by intraday traders. A straight line is drawn at the upper and lower levels of the opening hour of a commodity. When a commodity breaks its initial levels in any direction, traders make their positions in that direction. The timing of the commodity's opening range can also be changed. One hour can be used in commodity and 30 minutes in stock market. The diagram of this strategy is shown below.

  2. 2. Previous day range breakout strategy This intraday trading strategy is also most commonly used by intraday traders. A straight line is drawn at the upper and lower levels of the previous day of a commodity. When a commodity breaks its previous levels in any direction, traders make their positions in that direction. This strategy depends on the psychology of the traders. If a commodity or stock breaks the previous day's high or low, it is an indicator of a strong trend. The diagram of this strategy is shown below.

  3. 3. Trends line breakout intraday strategy It is based on the intraday strategy trend line. In this strategy, the data of some time is used. This strategy uses technical charts to easily understand trend breakouts. A line is plotted by basing any two high points of the last few candles. In the same way, a line is plotted by baseing the two lower points. After this, if the commodity breaks both the above lines in any direction. Positions can be made in exactly the same direction. This strategy can also be used for long-term investment. The strategy picture is shown below.

  4. All the strategies published in this post have been given for the purpose of education only. This website does not recommend any investment. Be sure to seek the help of your discretion or your financial advisor before investing. For more share market tips and stock trading tips for intraday visit – Alliance Research Thank you

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