#MyTradingStyle: Types of trading styles
1. Quick trading (Scalping)
Enters and exits trades within minutes.
Depends on small and quick movements.
Requires high focus and quick decision-making.
Often uses leverage and indicators like RSI and MACD.
2. Day trading
Opens and closes trades on the same day.
What keeps the trade open for another day.
Depends on news and quick technical analysis.
3. Medium-term trading (Swing Trading)
Keeps the trade for days or weeks.
It depends on trends and moving averages.
Requires patience and deeper analysis.
4. Long-term investing or trading (Position Trading)
Holds the currency or stock for months or even years.
Focuses more on fundamental analysis.
Cares about the project or company behind the financial asset.
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⚠️ Secondly: 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 a stop loss? Or not?
3. Psychological discipline:
Do you quickly look to take profits? Or are you afraid and sell at a loss?
Do you follow a plan? Or act randomly?
4. Your goals from trading:
Do you want daily income? Or do you want to double your capital in the long term?
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🧠 Example of style analysis:
For example, if you are:
You enter the market after hearing news about a currency,
And buys without a clear plan,
And you are afraid and sell as soon as you see a 5% loss,
This is an unorganized emotional approach, and it needs development in terms of:
Define an entry and exit plan.
Emotional control.
Knowing when to buy and when to sell.
