#MyTradingStyle Duration of Trade: Very short, within a single trading day.
Time Commitment: High, period. This style requires you to constantly monitor the market throughout the day so as to not miss trading opportunities.
Research and Preparation: The research demands are not as intense, but the preparation can be. You have to analyze daily market conditions, economic releases, and news events. You also have limited time to use technical indicators to analyze the markets.
Knowledge/Skills: This trading style is skill-heavy, requiring quick decision-making, strong focus, and a solid understanding of technical analysis and market indicators.
Financial Risk: The financial risk is high, as you’ll need to capitalize on small price movements using high leverage which can significantly amplify your losses.
Scalping
Duration of Trade: Extremely short, often seconds to minutes.
Time Commitment: The time commitment is very high, and you’re virtually glued to your screen for minutes to hours.
Research and Preparation: This style requires high tactical performance, as strategy, from a market or economic perspective, has little to do with the micro movements that you’re trying to exploit.
Knowledge/Skills: You need the fine-tuned ability to make decisions instantaneously. This means you need excellent reflexes and a deep understanding of market microstructure.
Financial Risk: The risk is high. You’re virtually trading market noise, and many of these small movements you’re trying to capture aren’t necessarily significant. You will need to make many small trades, where fees and slippage can add up. Plus, your high leverage can severely amplify your losses.
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