Joined Jan 2010
Status: I'm the greatest, man
I like to trade with the trend, but be careful some people get their panties in a twist regarding that word. To me its more of a discretionary thing.
So does that make my trading discretionary? I don't know.. I have strict rules that take into account institutional order flow, so does that make me an order flow trader? LOL hell no.
I take trades that sometimes last minutes, so I guess I could be classified as a day trader, but sometimes I hold my positions for more than a week, so I could be a swing trader half the time.
Occasionally I look at interest rate differentials when thinking about longer term trades, but I don't consider myself a carry trader at all because I'm not looking for income form the IRD.
I also suppose sometimes I trade ranges if the conditions are right fundamentally, but I don't really consider myself a trend trader.
I guess I can say what I'm not:
-A position trader
-An automated trader
But that doesn't mean that there's anything wrong with either of those, who cares look at your account while your trading and be objective about what works for you and what doesn't there aren't any short cuts to being profitable
I am definitely more of a swing trader so far my longest trade is 2 and a half hours which i am pretty happy with, a friend of mine who is a swing trader also his longest trade is 3 days lol and he has been trading for a shorter amount of time than me
Joined Sep 2010
Status: Life Time Member
A style of trading that attempts to profit from riding short, medium or long term trends in price.
A style of trading that attempts to profit from buying and selling currencies between a lower level of support and an upper level of resistance. The upper level of resistance and the lower level of support defines the range. The range forms a price channel where the price can be seen to oscillate between the two levels of support and resistance.
A style of trading whereby a trader attempts to profit from fundamental news announcements on a country's economy that may affect the value of a currency, usually seeking short term profit immediately after the announcement is released.
A style of trading that involves frequent trading seeking small gains over a very short period of time. Trades can last from seconds to minutes.
A style of trading that involves multiple trades on an intra-day basis. Trades can last from minutes to hours.
A style of trading that involves seeking to profit from short to medium term swings in trend. Trades can last from hours to days.
A style of trading whereby the trader attempts to profit from holding a currency with a higher rate of interest and selling a currency with a lower rate of interest, profiting from the daily interest rate differential of the position.
A style of trading that involves taking a longer term position that reflects a longer term outlook. Trades can last from weeks to months.
A style of trading that uses human judgement and decision making in every trade.
A style of trading that involves neither human decision making nor involvement, but uses a pre-programmed strategy based on technical or fundamental analysis to automatically execute trades via an automated software programme.