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Nairaland Forum / Nairaland / General / Business / 4 Trading Styles | Which One Are You? (218 Views)
Finding Your Trading Identity: What You Need To Know About Forex Trading Styles (2) (3) (4)
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4 Trading Styles | Which One Are You? by Tahir4: 9:11pm On Oct 15, 2022 |
https://www.wikifx.com/en/newsdetail/202210144684316135.html?source=zme3 Abstract:Trading is an art. There is no one size fits all. There is no one trading style that is superior to the other. An amateur trader could have trouble choosing and sticking to one trading style that suits them personally. This process could take some time and trial-and-error efforts, but this is a process that one has to go through in order to achieve long-term success as a trader. This strategy is suitable for traders who prefer short-term or fast price movements. Scalping strategies focus on accumulating small but frequent profits while minimizing losses. Although these short-term trades involve only a few pips of price movement when using high leverage levels, a slight error in execution can lead to detrimental losses. Therefore, scalping is a short-term trading strategy that involves frequent arbitrage in a short period of time. This is another type of short-term strategy where day traders generally do not overnight their trades and choose to leave the market on the same day. This prevents them from being affected by market volatility when they are not watching the market. Some traders prefer this method because it allows them to sleep peacefully at night. This strategy is suitable for traders who prefer a medium-term horizon that allows them to exit the market within a few days. This strategy aims to make money from the changes in swing highs and lows. The trader needs to carefully analyze the price movements to find reasonable entry and exit points to take maximum advantage of this strategy. Although traders do not have to keep their eyes on the screen, the risk of overnight and price gaps are still present. v This long-term trading strategy usually focuses on fundamental analysis, so position traders generally do not care about small market movements because it does not affect the general trend of the market. Observing central bank monetary policy, political events and other fundamental factors are what position traders focus on. This strategy is suitable for patient traders, as trading events may be measured in weeks, months or even years.
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Re: 4 Trading Styles | Which One Are You? by jackaustin631: 12:33am On Oct 16, 2022 |
Hi, I am looking for this Day Trading. is there any thread related to this? |
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