If you’re reading this and you have tried so many trading strategies without success, today I’ll be introducing you to the intraday trading software which am sure many have heard of. This software is not only simple to learn but it is also easy to trade even if you are a beginner. It is based on both technical and mechanical analysis, taking only a few seconds to analyze and giving you consistent profits every single day, month after month. An intraday trading software can do so much for you if you pick the right one. Below are features of a good intraday trading software;
Best entry and exit software (buy & sell, support & resistance): this function helps trader for best buy and sell. Traders can get the perfect entry in best levels & exit on up to 5 targets, this system is for intraday & positional trading and useful for forex currency trading.
Breakouts Detection: One of the best indicators to help a trader spot when price may be decisively breaking out the range is volume. Volume commonly declines as price approaches the extremes of the trading range. If the price challenges the boundary of the range right when there is a sharp increase in trading volume, this can indicate a potential breakout and allows the trader to adjust their market position and trading strategy accordingly. A common breakout strategy is to enter the market in the direction of whatever breakout signal occurs.
Intraday range bound detection: a range-bound market is one in which price bounces in between a specific high price and low price. The high price acts as a major resistance level in which price can’t seem to break through. Likewise, the low price acts as a major support level in which price can’t seem to break as well. Market movement could be classified as horizontal or sideways. This unique function in an intraday trading software prevents traders from wipsaw trade (false trade) and also alerts for upside or downside range bound broken and gives entry when it comes in wide range.
Top and bottom detection: reversals are defined as a change in the overall trend of price. When an uptrend switches to a downtrend, a top signal generates. When a downtrend switches to an uptrend, a bottom signal generates. This function helps traders to book profit in long and short positions, and can get perfect entry in bottom and exit on tops, this signal is also useful for positional trading and forex currency trading.
Top bottom & breakouts scanner for multiple symbols trading:this scanner is usually used to scan top bottom from selected multiple symbols or auto market watch symbols. It can be used to scan for top bottom and breakouts for multiple symbols and it’s also useful for forex currency trading.
Every investor has his or her own tolerance for risk, a varying level of knowledge of the markets, and different personal financial requirements. It is good to get to know your need, so a good intraday trading software can help you achieve your investment goals. It is advisable that you also have a good investment strategy to follow while investing in the stock market for successful trading.