- As the name implies, intraday trading occurs on short time frames within a single session. Traders manage open positions in terms of seconds, minutes, and hours, with the objective of capitalizing on rapid fluctuations in price.
- Most intraday trading systems are rooted in technical analysis. The study of price action itself is conducive to crafting decisions on compressed timeframes.
- Here are a few types of trading strategies exclusive to the intraday approach:
- Scalping
- High frequency trading
- Order-flow analysis
Intraday strategies depend on realizing small profits while assuming limited risk repeatedly to create profitability. Futures products, such as NIFTY, BANK NIFTY, WTI crude oil are ideal targets for intraday traders.