There are different trading styles that
can be applied.Thoset raders looking for very quick moves can adapt
scalping strategies and tactics. A great portion of forex traders put
on trades that have moderate-size intraday durations that allow the
currency pair to move through a range. These traders go for 10 to 30
pip moves. Multiple day trades allow for larger profit objectives of
100 pips or more. Forex trading can also include the goal of trading
for income. This goal is featured in carry trades and is a dominant
strategy of large hedge funds and institutions. But carry trades are
also possible for the average retail trader.
The beginning trader should explore
many of these styles and strategies by creating trading setups that
use a combination of technical indicators, and chart patterns to pin-
point conditions for a trade there is no single style of trading,
nor any one technical indicator
or methodology that will be sufficient.
Successful trading of forex is a combination of
fundamental knowledge, technical
tactics, and experience in pattern recognition.
The main style of trading are:
Range Trader,
Scalper Trader,
Day Trader,
Swing Trader,
Position Trader,
Meccanical Trader,
Carry trader,
News Trader.
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| Trading Styles |
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