Different approaches of trading

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.

In my live trading I do only long-term trading! Because, scalping trading isn’t suitable according to my own trading strategy! Since I need to use the wider stop loss trading tool in my trading!

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.

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.

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.

Gambling isn't trading. Wrong mindset.

I'm also a fan of scalping and long term trading, but typically do more long term trading recently because I just don't have as much time to dedicate to trading being a stay at home mom.

I mostly love to trade long-term.

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.

Day trading, position trading, swing trading, and scalping are all approaches to trading that traders can use. I personally prefer day trading as I intend to make short-term gains.

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.

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.

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.

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.

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.

There are many strategies and approaches to trading.
It's true.
The main thing is to allocate capital correctly in order to avoid the casino effect.
Still, it's a business.
Business loves the patience.

Exactly we better take care our business to make it successful and to have good future

I don't think that gambling is a way of trading. This is a very risky and illegal activity.

This is the freedom of our direction. Almost everyone can find something suitable. It's true. Especially if there is such a desire.