This strategy is suitable for those who want to make forex trading as their job. If you want to invest occasionally, day trading is not for you. The Day traders open and close positions during the day, not holding positions overnight.
This chart shows the price bounce “Moving Average” throughout a single trading day. Ideally, you can sell when the price cannot pass the “Moving Average” line and bounce back to the downtrend.
In this case, as long you sell in the morning (Asian session), you will be able to sell lowest in the evening before bedtime. Day Trading strategy will have a favorable risk-reward ratio and abundant trading opportunities but required strong technical analysis.