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    Thread: Which Trading Style Do You Prefer?

    1. #1
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      Default Which Trading Style Do You Prefer?

      There are 3 common trading styles in Forex trading which are scalping, intraday and swing. Which one you prefer and state you reasons.


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      Default

      i prefer aggressive trading..instead scalping or counter trade is like more risky....


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      I Prefer to trade with the scalping system because i don't love to leave my trades until the next day so all my trades always has targets from 20 to 30 pips only and stop loss about 20 pip and i always trade for making 40 pips daily so i open more trades and if i lost in 4 trades and won on 6 trades this mean that i achieved my daily target then i close my Platform ( metatrader ) and leave the chart until the next Day .

      I tried to trade based on Long term trading but i failed because i am not patience on the trades and The emotions as the fear always control on me and this always lead me to closing all the trades early without any waiting on the profits so i prefer the trading with scalping system only to open and close all my trades at the same day and also i see that the success in the trading with the scalping system can make us reach profits more than the profits that we can make it with any other system .


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      I prefer to like scalping and counter trading. I am all time love trading and profit earning from every trade. When i trade start as per my strategy or planning stop loss 30 pips but take profit 60 or 50 pips as per analysis market or indicators. I am everyday trade open minimum 4 or 6 trade and earning money than closed my platform.


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      I prefer Swing Trading as it fits my work schedule, since I do have 8-5 work job.
      I can view and monitor my chart at my work but deep analysis is not possible, so what I do is analyze the market, execute or close my trade after the new york session which is 5am on my current country time.

      I am applying an end of day trading approach which I wait for the daily close candle before executing or closing any trade.
      And I normally analyze the market over the weekend so that I am prepared already in the coming weeks and just wait for an obvious trade setup that I have drawn.
      Basically, I keep my trade open minimum of 2 days or even weeks and I just let my trade play out, I just closed it if I see a daily close candle that against my trade.


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      I like to trading in Forex as a scalper because I follow to candlesticks chart pattern and I think this very best for scalping. Scalping is a very good trading system for Forex. Now I try to discus why I prefer scalping in Forex.

      - Scalping is short time trading system so a trader quickly get his trading result in Forex.
      -Though scalping is short time trading system so a trader can close his trade with small loss.
      - I like to trade with candlesticks pattern and always I use 15m time frame which are very profit able for scalping because I get signal in here like hammer,pinbar,doji, Doji star, Morning star etc. Which are help me to makes profitable trading in Forex.
      - Though scalping is a short time trading system so a trader can get many chance for open entry which can gives a trader many profit in Forex.

      Finally I want to say that scalping is a good trading system in Forex and I like trade with scalping in Forex all reason which are above. I hope if a trader can makes a expert trader so he can get success in forex only with scalping in Forex.


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    13. #7
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      I myself attempted every style out there like scalping, day trading, swing trading but after trying different style I have found that as I am not a full time trader it's better for me to hold my trade for a longer time and that's why swing trading helped me a lot because I don't have to monitor every move of the market. Another trading method that I try to practice is trend following. Although the market does not trend all the time but when it trends it gives a quite good profit which actually makes up for all losses and thus it's very much useful for the trader who don't have enough time for monitoring chart or for the traders who does not like to sit in front of the chart all day long.

      The longer time-frame helps me to find the prevailing trend and it also tells us the big picture of the market and where it's likely to head. Also by holding the trade for long time helps a trader to scale in with the direction of the market so that the profit can be maximized. The trader also don't have to be concerned about whats happening in the smaller time frame and thus it becomes relaxing with trading this style for me. As I said earlier that every trading style has some pros and cons so it really depends on the perception of the trader, everyone has their own style and we should respect each others style.
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      Swing trading in the context of Forex Trading is to open a position and then the position is held for several days to several weeks and even months. With the target of 'catching' a big trend. It is expected that this can achieve significant profit in the range of hundreds of pips.

      If you want to understand Swing Trading easily, imagine or analogy like you are investing in buying gold bars.
      You may not invest in buying gold bars for sale again in just 3 days or a week later.
      Even if the price goes up, it's not significant. Especially if you buy only 10 grams. If you invest gold, your mindset is sure to keep it for a long time at least 1 year and then sell it again to get a significant profit.

      Such is Swing Trading, just because the current era of Forex Trading is done online and realtime, the timeframe can be shortened. The number of years to get a profit can be shortened to a matter of days, weeks or months.
      That can happen because of the Leverage system in the retail trading era where it allows you to open more volume positions but with still affordable capital. Because the volume is bigger / more, the profit target can be achieved with a shorter timeframe.

      Like if you buy a lot of gold bars, for example 100 Kg. Even though the profit per gram is a little but because the quantity is a lot, the overall profit is a lot.
      In doing Swing Trading, traders can use a Technical, Fundamental or both approach. But we don't specifically discuss further about Swing Trading techniques because it's a different discussion.


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    17. #9
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      Post Slow and Steady Wins the Race

      Slow and Steady Wins the Race is my my only trading style. For example, today I made a good profit on gold and I could do more trading but I didn't do that. I thought since I have earned enough, now it's time to watch market like my favorite movie! At the beginning I lost my every profit and ultimately my capital just for trading more and not taking rest! The time I started my slow and steady strategy, I am significantly developing my statistics and hope to continue that in future.


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    19. #10
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      In addition to the good knowledge and the effective application of technical analysis, fundamental analysis and the psychology of trading, a trader is expected to have developed a stable working strategy that suits his or her style.
      There are several trading styles which are scalping, short term, medium term and the long term. Each style has a corresponding time frame which it works effectively with.
      Personally I am very comfortable using 4hr and the Daily and these are the time frames for the medium term. It provides an opportunity within 1 to 2 days and yields as much as 200 pips at a go. It goes down well with my personality


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