Understanding What Trading Strategies Could Fit Your Life
Multiple Ways To Profit From The Markets, Find What Best Suits you.
Swing Trading
The term ‘swing trading’ refers to trading both sides on the movements of any financial market. Swing traders aim to ‘buy’ a particular currency cross when they suspect that the market will rise. Otherwise, they can ‘sell’ an asset when they suspect that the price will fall.
Swing traders will take full advantage of the market’s movements as the price swings back and forth. Swing trading is a technical approach to analysing markets, you will need to pay attention to large news events as to make sure the overall narrative hasn't changed.
Being a successful swing trader will be achieved through studying charts and
analysing the individual movements that comprise a bigger picture trend.
Successful swing trading relies on the interpretation of the length and duration of each swing, as these define important support and resistance levels.
Additionally, swing traders will need to identify trends where the markets encounter increasing levels of supply or demand.
Traders also consider if momentum is increasing or decreasing within each swing while monitoring trades.
Buying at discounted prices and selling at premium prices will be crucial to make this model work.
Day Trader
Day trading is suitable for traders that would like to actively trade in the daytime, generally as a full time profession.
If you are in full time employment then day trading maybe a struggle for you.
They take advantage of price fluctuations in-between the market open and close hours, often holding multiple positions, but do not leave positions open overnight in order to minimise the risk of overnight market volatility. It’s recommended that these types of traders follow an organised trading plan that can quickly adapt to fast market movements.
If you are in full time employment then day trading maybe a struggle for you.
Scalper
We can look at scalpers from two different perspectives.
Scalpers enter and exit the financial markets quickly, usually within seconds or minutes, using higher levels of leverage to place larger-sized trades in the hopes of achieving greater profits from minuscule price changes.
Or
Use higher time frame bias with lower time frame refined zones, this is where the scalper will manipulate.
A scalper, in the context of market supply-demand theory, also refers to a person who buys large quantities of in-demand items, such as new electronics or event tickets, at regular price, hoping that the items sell out. The scalper then resells the items at a higher price.
REMAIN COACHABLE
YOUR NEVER THE FINISHED ARTICLE!
You may find that you will purchase multiple courses over you time as a trader, this is normal.
You will find that you have reached the ceiling with one particular strategy, so you may find the need to look at expanding your knowledge on different approaches.