Downloading...
Download

Tradingstyles

Find Your Trading Style: What Type Of Trader Are You ? Good morning, trading family! Ever feel overwhelmed by all the different trading strategies out there? You're not alone, and today we’re here to help you figure out exactly which trading style suits you. In this video, we’ll explore the four main types of trading—Scalping, Day Trading, Swing Trading, and Position Trading—and give you real-life examples so you can see which one fits your personality and goals best. Whether you’re someone who thrives on fast-paced, high-energy trades or prefers to take a step back and play the long game, this video will give you the clarity you need to trade with confidence. My goal is to help you tailor your strategy so it feels natural and aligns with how you want to trade. If you find this valuable, please comment below and tell me which type of trader you think you are! Don’t forget to like or share this video so other traders can benefit from it too. Your feedback can make a huge difference for someone else in our trading family! Happy Trading Mindbloome Trader
Education
by Mindbloome-Trading
Forex Fundamentals: Building Winning StrategiesForex trading success hinges on a well-defined strategy, as it sets a clear direction and methodology, whether it be scalping, day trading, or another approach. Key to this is understanding the market conditions under which your strategy thrives, as different strategies perform variably across market environments. Employing technical indicators is crucial in providing insights and aiding in decision-making, but they must align with your overall strategy for coherence and effectiveness. The core of any trading strategy lies in its entry and exit criteria. These criteria ensure disciplined and non-impulsive trading decisions, allowing for entry and exit from the market at the most opportune times. Equally vital is stringent risk management, which protects your capital by defining the risk per trade and setting maximum drawdown limits. In tandem with this, appropriate position sizing mitigates the risk of substantial losses and maintains the health of your trading account. Backtesting the strategy against historical data is indispensable for understanding its potential effectiveness and challenges. This, followed by forward testing in real-time conditions, often in a demo environment, allows for fine-tuning and adaptation to current market dynamics. Constant adjustments and optimization of your strategy are necessary as financial markets are ever-evolving, and a static strategy is often a recipe for failure. However, the strategy itself is only part of the equation. The psychological aspect of trading – maintaining discipline and managing emotional responses – is equally critical. Regular performance evaluations and reviews provide insights into the strategy's effectiveness and areas that require improvement, fostering a cycle of continuous learning and adaptation. In the realm of Forex trading, patience and consistency are not just virtues but necessities. The development, implementation, and refinement of a trading strategy is a meticulous and ongoing process. Success in trading emerges from a disciplined approach, a willingness to learn continuously, and an adaptability to evolving market conditions. It's a journey where each step, from understanding market conditions to psychological resilience, plays a pivotal role in shaping a trader's path to achievement.
Education
by Wiiso
❓What's Your Trading Style❓Which of these methods is your favorite trading method? Comment below 👇 🔹 Breakout trading Breakout trading involves identifying key levels of support and resistance and entering a trade when the price breaks through one of these levels. Traders using this strategy look for price patterns that suggest a breakout is likely to occur. For example, a trader might look for a currency pair that has been trading in a narrow range for an extended period and then enter a trade when the price breaks out of that range. Example: A trader might identify a resistance level on the EUR/USD currency pair at 1.2000. If the price breaks through that level, the trader might enter a long position, anticipating that the price will continue to rise. 🔹 Momentum trading Momentum trading involves entering a trade based on the strength of a trend. Traders using this strategy look for currency pairs that are trending strongly in one direction and then enter a trade in the same direction as the trend. This strategy is based on the assumption that the trend will continue. Example: A trader might notice that the USD/JPY currency pair has been trending higher for several weeks. The trader might then enter a long position, anticipating that the trend will continue. 🔹 Reversal trading Reversal trading involves entering a trade when a trend is about to reverse. Traders using this strategy look for signs that a trend is losing momentum or that a reversal is imminent. This strategy is based on the assumption that the trend will change direction. Example: A trader might notice that the GBP/USD currency pair has been trending higher for several weeks but is now showing signs of weakness. The trader might then enter a short position, anticipating that the trend will reverse. In summary, breakout trading involves entering a trade when the price breaks through a key level of support or resistance, momentum trading involves entering a trade based on the strength of a trend, and reversal trading involves entering a trade when a trend is about to reverse. Each strategy has its strengths and weaknesses, and traders should choose the strategy that best suits their trading style and risk tolerance. 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
3
How to choose the best style of trading?First one style - Scalping Scalping between 1 second to 3-10 min is literally “scalping” every price movement. We opened a deal, get a profit and closed trade. Its a risky and nervous way of trading. Meanwhile, scalping remains potentially the most profitable type of trading. Hardcore scalpers love to fight the market, Their strategy consists in a large number of small trades. The main goal is to close with a positive result. Scalping is interesting for new traders because + quickly gain experience; intensively study the mechanics of the market and graphic patterns; train the psychology of a trader. you do not need a large initial deposit, for scalping multiple turnover of working capital gives the potential to increase the deposit; many trading signals during the day, even on the same trading pair - Sitting in front of monitors for hours, focusing on the course of trading in order to catch that very good moment to enter a deal is not an easy A lot of stress. If you trade with leverages to pump your deposit you can lose all deposit if you trade without stop loss Day trading or intraday 1 hour - 1 day Its simple - After trading day, all transactions should be closed. No matter what happen on a market, cuz crypto trade 24 hours you open position at 7 and closed all positions by end of your trading day. + • Less risk and emotional stress, trading several hours a day; • Greater leverage or margin; • You can not bother much with fundamental analysis; • Don't worry about bad news that comes out between trades. It is recommended for all beginners to start in day trading. You need to learn to control emotions, learn to see market movements, changes in the trend, the mood of the players, correctly place orders and limits. Swing trading (aka medium-term, from 1 week to a month). You can hold your position for a days,weeks, months; Ideally, while the trend continues. Anyone with ideas and investment capital can try swing trading. Because of the longer time frame (1 hour, 4 hours, 1 day), the swing trader doesn't need to be at their monitor all day. Holding an open position for days or weeks can result in higher returns than trading the same security multiple times a day. Less stress There is time for doing other things, keeping the nerves and energy in a healthy state. Swing trading can be done through a simple computer or smartphone. - But Because swing traders hold their positions longer than intraday traders, they also run the risk of higher losses. Especially the risk of losses increases by holding the position every other day. Swing traders rarely enter at the best prices. Checking the chart 1-2 times a day, they are content with what the market will offer at the time of opening a position. Increased waiting time for a signal to enter a position, you can wait for the setup day after day. Medium term trading. This method is for those traders who catch long swings. "Medium-term" holds positions for many weeks and months. Medium-term traders hold positions from several months to several years. + Less stress, Lots of free time. For example someone can trade during all week, but medium trader can buy Bitcoin now for example at 20k and sell it at 50K after few month. Its more about fundamental analysis; Holding a position for several months is not suitable for traders who are used to being active. Long term investment. This type of trading on the principle of "buy and hold" BENEFITS OF LONG-TERM INVESTING Less stress: no need to constantly monitor the market. Time Savings: Less hassle: You don't have to learn different trading strategies or platforms as you won't be an active intraday trader. Long-term trading, as the name suggests, requires you to have free capital. And it should be free for many years to come. You must be prepared that a certain part of your capital will be locked and you cannot use it to benefit from short-term speculation. Deep knowledge. Long term trading requires an advanced understanding of the assets you are investing in. You cannot simply make decisions based on certain news, tips, or rumors. It is also not enough to rely only on charts or indicator signals to buy or sell. You need to be a specialist in fundamental analysis. - Age limits. You must have a life horizon in order to reap the benefits of the investment. If you are 60 years old, then it is too late to start a career as an investor for obvious reasons. Guys thank you for reading. Write in a comments what style crypto trading do you use mostly? And why. Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
Education
by Crypto4light
📌 Different 'trading Styles' ❗❗ 🤔-Trading encompasses four main styles: scalping, day trading, swing trading, and position trading. The differences among the styles are based on the lengths of time that trades are held. Scalping trades are held for only a few seconds, or at most a few minutes. Day trades are held for a few seconds to a couple of hours. Swing trades may be held for a few days. Position trades are held from a few days to several years. Novice traders can have trouble choosing the trading style that best suits their personality, but you must do so to achieve long-term success as a professional trader. If you are a trader and do not yet feel as though you have found your trading style, you still can. Here are some of the personality traits that go with the different styles of trading. 1.Scalping Scalping is a very rapid trading style. Scalpers often make trades within just a few seconds of each other, and often in opposite directions. That means they may go long one minute but short the next. Scalping is best suited to active traders who can make instant decisions and act on them with no hesitation. Impatient people often make the best scalpers, because they expect their trades to make a profit right away. They will exit the trade quickly if it goes against them. To succeed as a scalper requires focus and concentration. It is not a suitable trading style for anyone who is easily distracted or prone to daydreaming. So if you've been thinking about something else while reading this, then scalping might not be for you. 2.Day Trading Day trading suits traders who prefer to start and complete a task on the same day. That's you if you are the type who starts to paint your kitchen and won't go to bed until the job is finished, even if that means staying up until 3 a.m. Many day traders would never make swing or position trades. They would not be able to sleep at night knowing they had an active trade that could be affected by price movements during the night. 3.Swing Trading Swing trading is good for people who have the patience to wait for a trade, but want a quick profit soon after they enter it. Swing traders almost always hold their trades overnight. So if you'd be nervous holding a trade while away from a computer, this is not the style for you. Swing trading generally requires a larger stop-loss than day trading. The ability to keep calm when a trade is against you is vital. 4.Position Trading Position trading is the longest term trading of all. It often involves trades that last for several years. Thus, position trading is only suited to the most patient and least excitable traders. Its targets are often several thousand ticks. If your heart starts beating rapidly when a trade is at 25 ticks in profit, position trading is probably not for you. Position traders must be able to ignore popular opinion. A single position trade will often hold through both bull and bear markets. For instance, a long position trade may need to be held through a full year when the general public is convinced that the economy is in a recession. If other people can easily sway you, then position trading will be a challenge for you. >>Choosing a trading style requires the flexibility to know when a trading style is not working for you. It also requires the consistency to stick with the right style, even when its performance lags. One of the biggest mistakes that new traders make is to change trading styles (and trading systems) at the first sign of trouble. Constantly changing your trading style or trading system is a sure way to catch every losing streak. Once you are comfortable with a trading style, remain faithful to it. The loyalty will reward you with results in the long run. Sources:thebalance.com
COINBASE:BTCUSDEducation
by PRO_SMART_Trader
2
I'm shorting GBPUSD Is anyone else 🙋‍♂️🙌Trade label on the chart shows full details. We are working the 15M time frame on this strategy. We're looking for the green line which is take profit target. Little red arrow is entry point and purple line is stop loss. Trade history can be seen below this trade idea too for full transparency. ------------------------------------------ I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily. Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way. ------------------------------------------ Please hit the 👍 LIKE button if you like my ideas🙏 Also follow my profile, then you will receive a notification whenever I post a trading idea - so you don't miss them. 🙌 No one likes missing out, do they? Also, see my 'related ideas' below to see more just like this. The stats for this pair are shown below too. Thank you. Darren
Short
by pow_removetheguesswork
2
Trader Profile - Asking Yourself The Right Questions1. YOUR TRADER PROFILE The first thing most traders will have to do is build a portfolio, this process is more complex than just choosing what assets to trade, and in order to build a good portfolio you will need to find your trader profile, which can be determined by asking yourself the following questions: What is your initial capital? What is your targeted return rate? What is your risk aversion? What is the investment horizon? What is your availability? All these questions are related to each other, and as such, it can be difficult to find non-conflictive answers to them. The following sections give information about the theme of each question so that you may more easily identify your trader profile. 1.1 Initial Capital The initial capital you are willing to invest is an important matter, again we could ask ourselves various questions to determine it, but let's go with a simpler approach. A low capital can have a wide variety of effects. Capital is directly related to buying power, and a low buying power will result in the trader being unable to trade certain assets, but more importantly, it comes with a reduced ability to diversify a portfolio, and as a result, makes traders unable to lower their risk level. Leverage can increase buying power without having to have higher capital but it involves significantly increased risk. Having a low capital also means potentially reducing the lifetime of your portfolio since you won't be able to tank more losses, thus conflicting with your investment horizon target. Certain markets are more accessible than others for traders with low capital, this is the case of the forex and cryptocurrency markets that offer high leverages compared to the stock markets. 1.2 Risk/Returns Risk/returns are two correlated concepts, the more returns you expect from an investment, the more risk you are taking, an investment with large potential profits and low risk does not exist. Knowing your risk aversion is crucial if you want to build a good portfolio, and you will need to choose this level in coherence with the other aspects of your trader profile. Financial instruments all have a different risk/return ratio, and it is important to choose them wisely based on your profile. It is also possible to mix various financial instruments in your portfolio, this is a good way to reduce risk, as such you can have a portfolio consisting of 60% derivatives (futures, options...) and 40% bonds. 1.3 Investment Horizon Your investment horizon will be a huge factor of your success in trading, certain traders focus on long term trading, holding positions for years, and will use the buy and hold strategy. Others might hold a position from several days to several months, they are often defined as "swing-traders". Finally, some traders might open and close positions within one trading day, and as such are named "day-traders", a particularly well-known type of day-traders are scalpers, who usually hold positions for only several minutes. Most beginners in trading will start day-trading, and a lot will try scalping, however, it must be noted that the shorter your investment horizon is, the more difficult it will be to be consistently profitable. This has various reasons, one of them is that shorter-term investments require more precise timing, also you are expecting smaller profits than ones you would get using longer-term investments, thus encouraging a trader to use higher leverage, thus maximizing risk, also opening a high number of positions will mean you will lose more from frictional costs (commission, spread...), and since your profits will mostly be smaller, frictional costs will have a higher impact on your profit margin. We strongly advise beginners to stay away from scalping. 1.4 Availability Trading requires time and effort, and it is impossible not to be involved with your positions (even when everything is automated). However, some users will still have more time than others. Traders will have to do certain tasks: Monitor existing positions Execute orders Research for information Users who can allocate a majority of their time to trading will be able to build & update more advanced portfolios and do shorter-term trades, however, traders with less time will often have to seek longer-term trading styles such as swing trading. Conclusion Trader profiles will vary across every trader and understanding the importance of asking yourself the right questions to identify your own trader profile will likely help you overall increase your chances of success in trading. Thank you for reading!
BNC:BLXEducation
by LuxAlgo
8
Mistakes not to MakeI'm gonna try and keep this short. Today is the start of a HUGE trading weekend, and I still have to get ready and head up. Anyways. Look at my charts again. This is the 1H tf. I kept all the successful and failed trade setups I entered with annotations for justification, etc. There are a couple things to do that I didn't. 1) Recognize the larger trend. That I did. it's heading down, with rallying points along the way. 2) Always wait for the break and retest. Every move the market makes is a break and retest of some sort. What's the direction? What's the larger trend? Does the market look like it is? Questions to ask yourself when looking at a chart 3) Remember those long candles I mentioned in my last post? Those would be the perfect time to enter the sell. You'll notice too, there's a red harmonic on the chart. That's on the 15min tf. Pull it down, you'll see it. Once that was completed, and the PSAR flipped above the candles, yeah, that was the point when the two long sell candles developed. Those show the breakout. Along bullish or bearish candle is the sign of a breakout, so those are the best times to come in. Me, now, even after seeing that, I entered. That was my big mistake. Before when I entered on a trade it was before the pullback was completed. Here it just looked like it was too late. 4) It also pays to know your trading style, and If you use indicators to know the settings that would work for you with that style. 5) Also, also, it pays to recognize when your chart is getting too complicated for you to read. I know some traders whose charts are *packed*. Others keep things minimal. I think at this point, mine is a bit too much, so i may have to start over my analyses fresh.
Education
by kayleighramesar
4