Beginner VS Type of Trader

The type of trading stile should be also influenced by the experience and knowledge or have nothing to do with it?
Can a beginner start as successfully as a scalper, day trader, swing trader, position trader, carry trader,…?
Does it have mostly to do with personality?


Thanks

I’m not an expert in Forex but I know there are a lot of traders talking about following the system that fit with your personality.

I trade in a particular way and it’s successful for me. But someone has tried it and it was a disaster. Lucky for him it was a demo account.

Experience will eventually carry you. Without experience, you won't know what to do when certain situations come about.

I do believe that a trader should find the trading style that best fits their lifestyle and personality, but I also believe that a good trader can successfully learn more than 1 style of trading.

For a novice trader I would suggest starting with larger timeframes and then working their way down to smaller timeframes until you have found your preferred time slice. On larger timeframes you have more time to think and analyze a potential setup. Scalping can be just as profitable as swing or position trading (sometimes even more so), but you have to posses a quick trigger finger and be able to think on your feet. The rapid pace of shorter timeframes can be discouraging for individuals new to the trading business.

I personally watch the 1 minute up to the daily and sometimes the weekly, but I primarily trade off of the 1 and 5 minute charts. I choose these timeframes because I like to see daily setups, daily results, and compound my returns daily. There was a time a only traded the daily chart or maybe the hourly, but I now have the time and experience to trade the smaller timeframes.

Take a group of 20-30 trades on a given timeframe and ask yourself how do you feel. Were you comfortable with the pace? Were you able to make a profit or at least keep your losses small? Did it fit your lifestyle?

Happy trading.

so much have been said about trading style and trader`s personality i guess we all have to make our mistakes, fall so we can rise again. in fx trading we just have to loose to find our winning sprit.

Thank you every one.

For a tenderfoot trader I would recommend beginning with bigger time allotments and afterward working their way down to littler time allotments until the point that you have discovered your favored time cut. On bigger time periods you have more opportunity to think and investigate a potential setup. Scalping can be similarly as productive as swing or position trading once in a while significantly more in this way, yet you need to forces a fast trigger finger and have the capacity to think and react quickly. The quick pace of shorter time allotments can dishearten for people new to the trading business.

Nice post Faysal 13. Thank you for activity with great information.

Naturally, new traders start their trading with lots of up and down! I seem, new traders should trade more than 1K, then they should calculate their trading history on their suitable trading style!