#MyTradingStyle #MyTradingStyle : Types of Trading Styles

1. Scalping

Enters and exits trades within minutes.

Relies on small and rapid 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.

Does not keep the trade open for another day.

Relies on news and quick technical analysis.

3. Swing Trading

Holds the trade for days or weeks.

Relies on trends and moving averages.

Requires patience and deeper analysis.

4. 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 % of your capital do you enter with?

Do you use stop loss? Or not?

3. Psychological Discipline:

Do you exit quickly when you profit? Or do you panic and sell at a loss?

Do you follow a plan? Or do you act randomly?

4. Your Goals for Trading:

Do you want daily income? Or do you want to double your capital in the long term?

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