Intraday and Intraweek trade


18/10/2011
Intraday trade
Adherents of this type of trade are mostly beginners, it is connected with currency market dynamics which attracts novices. Intraday trade has the following peculiarities:
 
• Positions can be opened during one trading day and by the end of the day they should be closed or, in case of urgency, transferred to the next trading day with setting protecting orders;
• All deals are short-term and meant for taking only some part of profit;
• During a day the number of deals can exceed one;
• Intraday trading does not require large financial investments;
• The time lag is min charts.

Intraweek trade
As a rule, traders, disappointed with intraday trade, try this strategy. Intraweek trade does not have strong market movement as intraday trade. It may seem that market is motionless. But it is just at first sight. Intraweek trade has some peculiarities as follows:
 
• A deal can remain opened for ten days;
• All deals are counted on taking the major part of profit on market movement;
• As a rule, not more than 2 positions are opened during a week;
• Requirements for invested funds are much higher than for intraday trading;
• The time lag is multi-hours charts.