Methods
#MyTradingStyle: Types of trading methods
1. Fast trading (Scalping)
Enters and exits trades within minutes.
Relies on small and quick movements.
Requires high concentration and quick decision-making.
Often uses leverage and indicators like RSI and MACD.
2. Day trading (Day Trading)
Opens and closes trades on the same day.
Does not keep the trade open for another day.
Relies on news and quick technical analysis.
3. Medium-term trading (Swing Trading)
Holds the trade for days or weeks.
Relies on trends and moving averages.
Requires patience and deeper analysis.
4. Long-term investment or trading (Position Trading)
Holds the currency or stock for months or even years.
Focuses more on fundamental analysis.
Is concerned with the project or company behind the financial asset.
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⚠️ Second: Components of a successful trading style
1. Market Analysis:
Do you use charts? Indicators? News?
2. Capital Management:
What percentage of your capital do you enter with?
Do you use stop loss? Or not?
3. Psychological Discipline:
Do you quickly take profit when you earn? Or do you panic and sell at a loss?
Do you follow a plan? Or act randomly?
4. Your trading goals:
Do you want daily income? Or do you want to multiply your capital in the long term?
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🧠 Example of style analysis:
For example:
You enter the market after hearing news about a currency,
And you buy without a clear plan,
And you panic and sell as soon as you see a 5% loss,
This is an emotional and unorganized style, and needs development in terms of:
Define an entry and exit plan.
Control of emotion.
Knowing when to buy and when to sell.
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