Different types of forex trading

By: Yura555 Date of post: 09.07.2017

Scalpers hold onto for a few seconds to a few minutes at the most.

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Their main objective is to grab very small amounts of pips as many times as they can throughout the busiest times of the day. Day traders usually pick side at the beginning of the day, acting on their bias, and then finishing the day with either a profit or a loss. These kinds of traders do not hold their trades overnight.

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Swing traders are for those people that like to hold on to trades for several days at a time. Position traders are those that have trades that last for several weeks, months, or even years.

These traders know that fundamental themes will be the predominant factor when analyzing the markets and therefore make their trading decisions based on them. One never learns to understand anything but what one loves.

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