They are known as “swing traders.” Finally, long-term operations involve terms ranging from a few days, weeks, months, and in some cases, years.Ĭould it be otherwise? They argue. Alternatively, l so traders in the medium term usually keep operations open for a few hours to a few days. The operators to focus on short-term operations (open and closed typically on the same day) would traders day (day traders).

The duration of open positions will depend on the type of trader. Think about the duration of your operations The operators can even focus only on certain currencies to become familiar with their features and movements. No market is the same, and restrict the scope of these can help traders understand the essential details of specific markets. Less-experienced traders need to limit the number of markets in which they wish to trade. The other is that having a well-planned strategy is a trader’s way of protecting himself against financial chaos and loss. One of them is that this behavior in itself is a trading strategy known as opportunistic trading. So why is it not advisable to trade the market at any time simply based on instinct? After all, diets and other nutritional regimens work well for some, but others can eat what they want without problems. If you confess that you have no strategy, it is possible that they will look at you in disbelief. How it works, how they developed it, and whether it performs well in terms of profitability. At some point, all novice traders will need to answer questions from veterans about their trading strategy.

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