i do both if its required. its good to be flexible i believe. if im day traiding and its going against me ill hold and scalp it until it changes which could be a couple days. i only do this with one pair im happy wont go to far out my comfort zone. play comfortable. i had a trade go 3g against me last wk i scalped 2g off it and now its just about in profit.hope that helps woof
it all depends on how much time and $$$ you have. You need a big account to be a swing trader (but this has benefit of not taking up much time). A day trader is much more time intensive but has the advantage of requiring a much smaller account
@Williamfreed but that one strategy doesn't work in all market conditions. My plan stays very simple. When the market is fluctuating a lot i adopt scalping strategy as it allows me to gain enough pips with regular ins and outs, and if the market is a bit steady i prefer swing trading it and hold the position for longer period of time.
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