Forex Trading Styles and Strategies

There are several trading strategies you can use when it comes to forex trading. Some have been known to be more effective when compared to others.

You should research well about these various strategies in order to find out which one will fit you best. Here are some of the most popular strategies you can choose from:

• Day Trading Strategy: Trades set using this strategy are normally exited before the day comes to an end. This can prevent you from taking damage from any negative events that can happen overnight.
• Trend Trading Strategy: As a trend trader, you’re bound to follow the trend in order to determine the direction that the prices have been taking.
• Swing Trading Strategy: This strategy is usually used for trades that last through the period of one day to one week.

There are also various trading styles that depend on the time frame and holding period of every trade. This includes intraday trading, position trading, swing trading, trend trading, technical trading, and fundamental trading.

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