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Different approaches of trading
Member Since Feb 16, 2022
60 posts
Mar 29, 2022 at 07:52
Member Since Feb 16, 2022
60 posts
There are different approaches of trading that traders follow, among them scalping, long term trading, hedging etc are acceptable forms of trading. Another form of trading is gambling which maximum traders follow but is a legit form of trading. Personally, I prefer both scalping and long term trading because I think hedging is not a good way of trading.
Member Since Jan 06, 2022
18 posts
Apr 27, 2022 at 07:13
Member Since Jan 06, 2022
18 posts
There are many trading strategies available in the market that mostly trader follows. It includes strategies like a news trading strategy, an End-of-the day trading strategy, a Swing trading strategy, Day trading strategy, Trend trading strategy, Scalping trading strategy, and a Position trading strategy.
When it comes to being a successful trader, patience is important, and mistakes and losses are expected as you learn and improve your trading abilities.
It's important to note that the top traders are adaptive and can adjust their trading techniques according to market conditions. As a result, learning about each specific trading technique is a smart idea, and by mixing several trading tactics, you will become flexible to any circumstance.
When it comes to being a successful trader, patience is important, and mistakes and losses are expected as you learn and improve your trading abilities.
It's important to note that the top traders are adaptive and can adjust their trading techniques according to market conditions. As a result, learning about each specific trading technique is a smart idea, and by mixing several trading tactics, you will become flexible to any circumstance.
Member Since Apr 14, 2022
44 posts
Apr 29, 2022 at 11:24
Member Since Apr 14, 2022
44 posts
Day trading, position trading, swing trading, and scalping are some of the popular trading approaches one can follow but if you are a beginner then I would suggest swing trading strategy as it focuses on taking smaller gains in short term trends and cutting losses quicker.
Member Since May 19, 2020
321 posts
Apr 29, 2022 at 14:57
Member Since May 19, 2020
321 posts
If you get profit, then you are using the right approach.
Some issue is that scalping requires an automated system, since fast close/open is important. But for day and position trading, manual, automated and mixed trading is fully suitable. This makes the last two options more flexible.
Some issue is that scalping requires an automated system, since fast close/open is important. But for day and position trading, manual, automated and mixed trading is fully suitable. This makes the last two options more flexible.
@Marcellus8610
Member Since Apr 09, 2019
516 posts
Member Since Aug 05, 2021
394 posts
Member Since Aug 10, 2021
172 posts
Member Since May 29, 2022
34 posts
Jun 17, 2022 at 00:26
Member Since May 29, 2022
34 posts
Position traders are interested in long-term price movement and maximising possible rewards from large price changes. As a result, deals typically last several weeks, months, or even years. Position traders often analyse and assess markets utilising weekly and monthly price charts, as well as a combination of technical indicators and fundamental research to find probable entry and exit levels.
Jun 29, 2022 at 15:35
Member Since Feb 16, 2022
65 posts
Traders are many traders who prefer news trading much because it gives them quick profit. But, we rarely see deriving 100 pips of profit from news. Even though market becomes volatile during news, but it doesn’t so much that can give you that much profit at a time.
Jul 01, 2022 at 04:14
Member Since Jun 03, 2022
25 posts
Pendular posted:
I don’t think gambling is a good approach to follow in forex trading. We should stick to a good strategy and trade based on analysis. Hedging is not bad if you can execute it properly. Otherwise it will yield no good results.
Gambling can never be a good approach. You need to have a good amount of knowledge and skills in order to be profitable and manage risks.
Jul 25, 2022 at 05:36
Member Since Jun 02, 2022
23 posts
Gambling is not a form of trading. It is in itself an activity that is addictive and risky. I have to mention that some traders turn into gamblers if they don’t study well and take challenges for the sake of making money. Basic education is really important for traders so that they can find the right path of trading for them.
Member Since Aug 19, 2021
203 posts
Jul 28, 2022 at 12:11
Member Since Aug 19, 2021
203 posts
Tilokvarma posted:
There are different approaches of trading that traders follow, among them scalping, long term trading, hedging etc are acceptable forms of trading. Another form of trading is gambling which maximum traders follow but is a legit form of trading. Personally, I prefer both scalping and long term trading because I think hedging is not a good way of trading.
Oh how can you combine scalping and long-term trading?? These are absolutely two opposite ways of trading. And for them you need to select different trading strategies. And maybe even different trading indicators. How do you manage to connect them? As for me scalpers are not able to trade for a long period at all. Not enough nerves to withstand at least one minus pip.
Member Since Jul 06, 2022
23 posts
Aug 18, 2022 at 09:17
Member Since Aug 03, 2022
25 posts
Trading is not gambling in any sense. Traders work hard in developing skills and educating themselves, unlike gamblers who depend on luck. Skilled traders who have been in the market for a long time make decisions based on strategy and a right approach. They develop their own plan based on their prior experience. A good approach is essential when trading since without it, you will never be able to achieve good returns in forex.

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