Written by Danielle Franklin
The trading performance is closely related to the trading personality. Every trader is different and depending on the personality, it is easier to find the right way to trade. What are the main trading styles? How to figure out which trading style is most suitable to your personality?
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Written by Danielle Franklin
The trading style solely depends on the individual agenda and preferences. One of the effective way to trade forex is swing trading. What is swing trading anyway? What is common misconception about swing trading? How can you swing trade efficiently?
Swing trade means placing a trade only when the opportunity strikes and hold it for a few hours or even a few days. Forex traders that use swing trading technique aim to catch large price movements instead of small ticks. In order to swing trade you have to concentrate on fundamental analysis of the currencies, since it is mostly fundamentals that force forex market to move one way or another.
In order to catch large price movements, forex swing traders tend to hold open positions for more than 24 hours, sometimes even for several days. The good thing about the low frequency of trades is low transaction costs (compared to, for example, day trading). The disadvantage of swing trading is the rollover fees, however even this is nothing compared to the spreads and the potential profits.
Written by Danielle Franklin
Trading forex can be based on technical indicators from the charts or on pure forex news releases. Major news affairs and economic data make huge impact on currency movements and ignoring new releases sounds like a big mistake. However, a lot of traders choose not to include forex news in their analysis. Why is trading news more difficult then it sounds? What are the reasons for traders to stay away from news trading?
Written by Danielle Franklin
The movement of the prices in forex trading depends on news and economic releases. Trading according to the news is one of the widely used trading techniques. The question many ask is how to trade the news and is it easy.
First of all, I have to make it loud and clear that trading on news isn’t as easy as it may sound. You see major changes in price movements after some of the news releases and you start vigorously shake in anticipation of easy money. Well, I have to disappoint you – trading news releases requires a lot of skills.
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