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Forex Day trading

Forex Day trading
In many years, peoples talk about position trading, swing trading, and day trading, but what is the different between position trading, swing trading and day trading. ?

Position trading is the trading activity in foreign exchange market which is placing a trade position in trade for months or even years.

Swing trading is the trading activity in foreign exchange market which is placing a trade position and exit position in a few hours or even to several days, and maybe it takes a week or two to position trading.

Day trading is the trading activity in foreign exchange market which is placing a trade and only takes for several hours or even only takes for several minutes, and all trades will be closed at the end of day.

It is up to you which one you gonna trade with, day trading, swing trading or position trading. The important factor is each of these trading method needs a different set of trading skills, In this articles I want to talk about day trading.

To become a day trader , you have to be in front of your trading platform or your computer to set , analyze or to manage the trades. Day trader just require to set about the current market and trades the next day when they open a new trade, A day trader will make many trades in single day trading.

The day trader usually wants a many actions, they make in and out decision quickly. Even they have a losses and profits every day , but the goals is to have less losses than profits. Day trader have more loss trades than winning trades but they still make money because the let their winning trades run and cut the losing trades out early.

Day trading is mot for everyone, You should try this method first before make sure the day trading method is for you. Many day trader use small time frame to make decision, they use one and five minutes chart, they would not look at the 4 hour or day time frame chart to make trading decision. Day traders need a trading strategy or trading system, they should have a set of signals that allow day trader to make quick decisions. Even there is many indicators that available in trading world , like moving average, macd indicator, stochastic indicator, bollinger bands, relative strength index and etc. not all indicators and time frames are good for day trading. For day trading , the day trader only look trend at 15 minutes chart and then look 5 minutes chart to take position entry and exit trade, They just traded in the direction of the trend of the 15 minute chart when they are do day trading.

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