7 Best Trading Strategies for the Indian Market.

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Are you a trader in India? I am sure you’ve been seeking to find some robust strategies to help you earn consistently on Olymp Trade.

Well, today on this post I will show you 7 best trading strategies for the Indian market.

It doesn’t matter that you just started trading yesterday or just a few minutes ago.

With these strategies, you can enhance your skills on the demo account or even use them to make real money on your live account.

Also Read: – HOW TO MAKE MONEY IN OLYMP TRADE INDIA.

  1. Scalping.

What is scalping?

Scalping is a fast paced approach to trading. You analyze charts, execute trades and exit them, all in matters seconds or minutes.

Are you that trader who likes fast results?

Can you afford the demands of fast paced trading which scalping is?

Well, you need to learn how to analyze data very fast to know where the price will head in the next minute, then trade in that direction.

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Placing very many trades in a day, all of which you enter and exit fast, is the whole idea of scalping.

Newbie traders find it hard analyzing chart data with speed, but experienced traders, not all though, have the advantage of fast data analysis.

Though so many traders have made huge profits in the Indian markets scalping, you realize that scalping may not be for everyone.

But if it sounds like something you can do, why not go ahead and trade using the scalping strategy?

  1. Intraday Trading.

Intraday trading is a trading strategy which involves placing many trades in a day and closing all pending trades before the markets closes (that same day).

Did you know that Intraday trading is also called day trading?

I thought you should know so that you don’t get confused the next time one word is used to mean the other.

In intraday trading, you mostly use higher time frames such as 5 minutes, 10 minutes, 30 minutes, 1 hour chart and so on.

This is because you are aiming to profit from a wider perspective of the market than in scalping.

Analyze charts on 5 minute to 1 hour time frames and make more conclusive trading decisions.

The number of trades here is also less than in scalping.

Remember, your aim is to profit from the best trading opportunities like the biggest price swings of that day.

Therefore, be patient and wait for the best trading opportunities the day can offer and trade them.

  1. Swing Trading.

Holding positions for a few days before exiting is called swing trading.

The goal of swing trading is to profit from price swings that occur over several days continuously before they halt.

How do you swing trade then?

Analyze your charts on high time frames like 4 hour, a day or even several days. You will see which swings have a probability of occurring for several days nonstop.

Once you have carefully analyzed a high time frame chart, then enter a position fearlessly.

You must target a reasonable profit and tame the trade with a Stop Loss so that your account balance is not jeopardized.

  1. Position Trading.

This trading strategy involves holding positions over longer periods such as weeks and months.

What is the goal of position trading?

To profit from those price moves which occur over long periods such as weeks and months before they reverse.

The way to position trade is to begin by analyzing long time frame charts such as day charts and week charts.

That way, you get the perspective of the price over a high time frame and you also have more data to act on before making trading decisions.

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Once you have analyzed and spotted a potential price move which might last for weeks or months, enter a position.

You should never forget that things may go south, so use a Stop Loss and then a Take Profit to target a reasonable amount of returns.

  1. News Trading.

What News trading means is exactly what you think – trading in response to news releases.

So you need to always be up-to-date with news events.

Once you get any relevant news to the asset you wish to trade, go ahead and open your position in the direction the news implies.

Are you wondering what all this means and how to actually effect it?

Well, let me explain. The Indian market offers so many assets including currencies and stocks.

Economies and banks are always releasing currency news in response to economic situations. Companies are also always releasing reports of their performance and changes.

You can use this information to buy assets in respect to positive news and sell them when a negative news comes up.

This is usually referred to as fundamental analysis and it is that simple to undertake. As long as you have enough time.

  1. Candlestick Chart Trading.

When traders employ heavy reliance on the candlestick chart type, the technique is called candlestick chart trading.

It involves setting your chart from all other types to candlesticks and then analyzing patterns to spot trading signals.

Candlesticks form candlestick patterns either singly or in groups.

Such patterns are the whole point of using the candlestick charts.

Traders use them to shape their trading decisions.

Common bullish candlestick patterns to look out for are the hammer, morning star, piercing line and the three white soldiers.

On the other hand, common bearish candlestick patterns include the hanging man, evening star, dark cloud cover and the three black crows.

  1. Range and Breakout Trading.

Ranges and breakouts go together.

A range is a situation where the price trades within an upper and lower level without breaking such levels. A breakout is when the price finally trades out of such levels and rallies away from the range.

How do you trade ranges in the Indian market?

By buying when the price is at the lower level and selling when the price is at the upper level.

Be sure that the price is not breaking out by first allowing the price to retest the level before entry.

Trade breakouts in the direction they occur, but by first allowing successful retesting of the broken level without the price returning into the range.

Wrapping up on the 7 Best Trading Strategies for the Indian Market.

You do not have to guess-trade all your life.

Make use of the above fool proof trading strategies alongside proper money management to win more trading.


*Risk warning:

The information provided does not constitute a recommendation to carry out transactions. When using this information, you are solely responsible for your decisions and assume all risks associated with the financial result of such transactions.
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Kenn Omollo is an investment writer and a business management consultant at Joon Online Limited. Reach him at - kenn@joon.co.ke

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