Everyone has his or her trading style

Discussion in 'General Forex Discussion' started by Ovidio Lettiere, Dec 30, 2020.

  1. Ovidio Lettiere

    Ovidio Lettiere ECZ Member

    Joined:
    Aug 28, 2020
    Posts:
    153
    Likes Received:
    5
    Every person is different. So, every trader has their preference and trading style. So, I recommend trader should build their trading strategy according to their need, preference, and style. The trader can backtest their created strategy in the demo account. Eurotrader provides it for free. Don’t use your strategy in the real account until you get your expected result in the demo account.
     
    Amy Lempriere likes this.
  2. Amy Lempriere

    Amy Lempriere ECZ Member

    Joined:
    Jul 23, 2020
    Posts:
    162
    Likes Received:
    0
    Each one uses a different strategy. However, some make a profit and some make a loss. Because their mind is not the same. Loss can never be covered if you can't trade with a positive mindset. To cover losses you need to learn from risk management and mistakes. If you learn from mistakes, those mistakes are less likely to happen later. And Money Management and Risk Management help in providing trading security.
     
  3. PinkSugar

    PinkSugar ECZ Member

    Joined:
    Apr 11, 2016
    Posts:
    566
    Likes Received:
    1
    There are four main styles of trading, namely scalping, day trading, swing trading, and position trading. The difference between the styles is based on the length of time that trades are held for. Scalping trades are only held for a few seconds, or at most a few minutes. Day trading trades are held for anywhere from a few seconds to a couple of hours. Swing trading trades are usually held for a few days. Position trading trades are held for anywhere from a few days to several years. Choosing the trading style that best suits their personality can be a difficult task for new traders, but is necessary for their long-term success as a professional trader.