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Swingtrader

3 Types of Traders: Which Are You?3 Types of Traders: Which Are you? There are many different approaches of trading the financial markets that has provoked countless methods and strategies to be created over the decades. One popular way to simplify & view this is to break it down into 3 types of traders which is categorised by two main factors which include the trading frequency & timeframes used by each one of the trading types. 1️⃣ Scalper The large majority of beginner traders end up starting out with this type of trading because of numerous reasons. But mainly, this is due to the fast pace that the market moves, presenting many trading opportunities and giving off the perception of an opportunity to get rich quick. Ironically, this trading style is then considered as one of the most easiest and successful ways of trading by beginner traders, while being stated by professional traders to be one of the most difficult. Scalpers often have dozens of trading positions open at a time during multiple trading sessions and need to be in front of the charts at all times. Therefore, paying huge commissions to their broker due to spreads also making this type of trading have a high cost to it. Not to mention the chaos in lower timeframe analysis that eventually results in the majority to stop trading. This is not to say that you cannot be successful with scalping. However, the main obstacle alongside many other with scalping, is the level of constant focus & rapid-decision making required which can have massive negative effects on your overall trading psychology if not kept in check. 2️⃣ Intraday Intraday or day trading is the most popular type of trading amongst retail traders and is what I prefer the most myself. Staying relatively active, the market gives some time for the trader to reflect & think upon their analysis on the pairs they are analysing. Opening and managing on average ~1-2 positions per trading session, the intraday approach offers a degree of freedom. But does come at a cost due to the declining amount of volume and volatility, intraday traders may experience low risk:reward setups because of the average daily range of many pairs on the market. 3️⃣ Swing Swing trading is the best choice for individuals who want to pursue trading while having a full-time occupation outside of trading. This is possible due to this type of trading primarily focusing on the higher timeframes such as daily/weekly for a large proportion of their analysis. Thus, swing trading is not demanding when being combined with an individuals typical daily routine and trading psychology since they aim to catch mid/long-term market movements. With an average trade holding length of 2 weeks and only 1-2 positions being placed per week. Swing trading is regarded to be one of the least emotional approaches and involves low cost of trading with great risk:reward setups. Though, the main problem with swing trading is the degree of patience required when holding out for long period of times. Often resulting in the trader closing their positions too early and not having the ability to allow the positions to reach their final targets. Which type of trading do you prefer?
Education
by NimmoCapital
1
MANA Swing idea! $$$As stated is respecting the Flag. We might see a breakout soon. This one Falls In our research on swing set ups with a good ratio of Risk and Reward. As always we put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Subscribe and don’t miss OUT the next research. Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains. Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
COINBASE:MANAUSDLong
by JhonMontana
EURNZD: Important Breakout & Bearish Outlook 🇪🇺🇳🇿 Hey traders, Have you seen this bearish breakout of a key weekly structure on EURNZD. It opens a potential for a strong bearish continuation. For entries, consider a wide daily area: 1.633 - 1.663 is the zone from where I will look for shorting opportunities. I will wait for an occasional retest of that and then will look for a confirmation to sell. Next support is 1.59 ❤️Please, support this idea with like and comment!❤️
Short
by VasilyTrader
13
Best Most Possible Buy in Bull run.According to my analysis, I see a good buy in Rallis 313-315 in this bullish market. Reasons: 1. Supertrend {14/3} generated a buy signal 2. Average Directional Index is above 20* and is rising. 3. 200 ema and 50ema crossing. Time frame: 1day, Strategy Type: Swing Trade *ADX above 20 generally suggests that stock is not in sideways. I firmly believe that Rallis can give 5-20% in 10 to 15 days. NOTE: This is my personal opinion only, not a tip or something. I am not SEBI registered, this is for educational purposes only, you may use my strategy but I will not be responsible in any way for the profit or losses if occurred.
NSE:RALLISLong
by mohitkumarentrepreneur
Pending trade for AUDJPY analysisFX:AUDJPY This is my analysis for the pending trade. Since my confirmations are not all meet yet, that why it's pending. Great things comes to those how wait, also profitable trades. As you know I'm a swing trader and I don't used any indicators for my analysis I only use resistance, support and trend lines to predict the future. Probably two weeks from today all my confirmations will be confirmed since this is a daily time frame. then from there I'll enter my one of the last trades in 2021.
by Prince_Ncama