Some steps you can learn and follow a short-term CFD strategy:
You should use simple tools but can be multifunctional
The point is you simply use the default tool only from the trading platform to be able to help perform technical analysis on CFD strategy. You do not need to look for a very complicated tool with the use of external plugins. In general, if the indicator is more complex are then the level of flexibility will also be lower.
The use of simple tools is better judged by comparison with complex ones. Because of the use can be tailored to a variety of market conditions. The CFD tool, for example, is the trend line for CFD trading. Almost all modern trading has the tools to draw trend line or line that is easy to be applied by the trader.
Use other indicators so you can clarify trading
In order for the trading signal to work more clearly, traders generally will utilize additional indicators can confirm at the opening level in an accurate position. The additional indicators should also be as simple as possible because if more and more buildup of the indicator is fed it will complicate the process of decision making.
An additional indicator is such as a Moving Average. You can use this indicator to get a trading signal by waiting until there is an intersection or crossover with the signal line.
Determine the limits on price movements using support and resistance
The trading signal will only give confirmation of entry point in order to open position. As for closing it, you should take advantage of other clues, such as support and resistance. These two lines will confirm where the restrictions on price movements, where the price is when it has touched the limit, so it is likely there will be a reversal price or reversal.
That is the discussion of short-term CFDs. A forex trader does not hurt to know more about the short-term CFD trading strategy in order to get a greater profit opportunity.