How can I trade Index for day trading?
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Majority of day trader love to trade index because that save lot of time to search good Stock to trade every day and you need to concentrate only on technical analysis of Index.
Once you know Stock market trend, Support and resistance, you are ready to do Index day trading.
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For Stock market trend use moving average and any other technical indicator like :
Moving Average (MA)
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On Balance Volume (OBV)
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Percentage Price Oscillators (PPO)
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Relative Strength Index (RSI)
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Stockhastic Oscillator (STO)
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Commodity Channel Index (CCI)
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Chaikin Money Flow oscillator (CMF).
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Rate Of Change (ROC)
When we use two or three technical indicators and in case of positive divergence and negative divergence it giving real good result, only you need to change time span and find out which is a better pair for you.
You can trade index by using index option | futures. Remember option or futures trading need lot of attention otherwise you can loose all of your money in a single trade. Never invest all of your money in a single option | futures | Stock trade for day trading or Stock trading.
Everyday there are opportunity so as long as you stay in Stock market, you make money. You don't want to loose all money in a single trade and run away from Stock market, as long as you stay in market that much money you can make.
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