The Type Of FOREX TRADER

   Many roads lead to Rome, so are a lot of ways to profit in trading forex. Everyone has a style of its own forex trading. You also need to have your own trading style. Don't bandwagon. Something of a success for others, not necessarily a good fit for you.

    Below will be discussed some of the styles of trading. With the online system trading forex margin system, then the user is online forex trading tends to be a trader. Called traders because they are very active. Traders usually hold an Exchange within relative short, could in a matter of seconds, minutes, hours, or weeks of han, some up to a maximum of three months. Some types of trading they do include:

1. Trend trading. Trading style that seeks to generate a profit and take into account the trends that happen either short, medium or long term trend. If the trend were to rise, traders are placing a buy position, can be rather short.

2. Range Trading. Trading style noodles using the upper and lower limits (support and resistance). The calculation is when prices approach the support or resistance usually will bounce. Well, with traders anticipate can benefit. The distance between the support and resistance

is range trading. Usually the price will move in

between this trading range.

3. News Trading. This trading style is trying

anticipating the effect of publication of news or data

economy that could affect. Usually the trader

trying to get a short term profit, because

currencies normally straight quickly for a moment

After the news came out.

4. Scalping. Literally and scalper is head lice

Skip. Trading style noodles is very active, but only

trying to get a small profit. Usually ranges

1-20 pips per trade. Just saves the position trader

in a matter of seconds or minutes. Though small, but

because it is done in a high frequency, and number of

large lot, total benefits also passable. A little bit, long so much.

5. Day Trading. This trading style take advantage

and daily fluctuations of currencies. Usually the trader

opening several positions within a day. Similar to

with a scalper free time horizonnya.

The range between a few minutes to hours per

trading.

6. Swing Trading. Trading style noodles take

gains and currency fluctuations in the period

longer. Time horizonnya is in

a matter of hours to a few days.

7. Carry Trading. Trading style mi tried to take

profits and holding currency rates

interest rate (interest rate) higher and selling eye

money with a lower interest rate. The profit

originate and the interest rate difference.

8. Position Trading. Trading style noodles using

a longer time horizon. He can open

position until a matter of weeks to months.

9. DiscretionaryTrading. This trading style using personal appraisals in any open position. For example, he may use fundamental analysis or technical, but he added his own assumptions.

10. Automated Trading. This trading style is a little or not at all using the intervention, but people use the trading software, it is usually called a robot. The advantages of this trading is reducing the emotional factor in thetrading. The drawback is can not take into account or anticipate the fundamental aspects and strongly depends on the sophistication of the software. When the advanced software, traders can profit consistently, otherwise

    When you are confused to determine your trading style, it is advisable to choose the style of trading with consideration especially in a matter of time. This time because of the problems of hard-bargained. If you are very busy, still work in other places as an employee, it is far more rational to be a trader or a long term investor. Not funny right, while working in the Office, you instead mencuri-curi glanced trading platform. The boss found out, can be a problem

If You ask me, where the best trading style, the answer is no. Every trading style represents the strengths and weaknesses of each. Not a trading style that you should look for the best, but the most fit in with our personality. If you are not comfortable with the style of aggressive day traders, why should impose din.

Please choose your own style. Remember, not all trading style appropriate to each trader. You must select the appropriate. You can also combine various styles of trading when necessary. It all depends on how much capital, the time that you can devote to forex, you assume the risk, courage and character or personality. In addition to this style of trading was also influenced by a forex broker you use. In some brokerage, you cannot use the Automated Trading, as a trading platform that is used does not support. Sometimes a few trading techniques also restricted, such as scalping, because there is a limitation of the number of positions that can be opened in a given period of time.

CAREFULLY BEFORE OPENING A POSITION

   Carefully before opening a position. It is very important before you regret it later. You should do a study first before making a decision to buy. When you shop in a store, in front of the cash register there

"CAREFULLY BEFORE BUYING. The GOODS PURCHASED are NON-REFUNDABLE ' it too all you have to do when opening a position.

    Look for information and analysis before opening a position. Make sure that your decision is right. Unfortunately many people do not like this move, as it usually requires analysis. People who are not accustomed to even become frustrating. So many people rely on the recommendations of others or spontaneous chancy.

I'm sure at least you definitely could do simple analysis.

BALANCING EMOTIONS

    As a man, a trader can get off and certainly not emotions. It is normal. But the uncontrolled emotions can ruin your trading plan. There are two main emotions that can affect the success of a trader, namely FEAR and GREED.

    Traders are likely just the greedy want to gain that much and quickly. Then he reckless use of excessive margins. At a time when price reverses direction, instead he stayed bite the fingers of greed can also encourage traders to hold open the position although he already saw profit in the open position. But choosing the position hold with the expectation of profit. But even as prices turned around rapidly and he became a great loss.

Very reasonable fear experienced traders, especially when the prices of currency bought reverses direction, not as expected. However if too afraid, she even hurry hurry closed position. If he is patient, it is not impossible price reverses direction and instead of profit. Fear is a natural thing. Fear of loss, fear of kejeblos all humane. If it is not at all afraid, a trader can actually be a frivolous purchase, origin, origin of tubruk. The fear that a berlebihanlah is not profitable, because it will always be too late to take action or in a hurry take

the action. So even a loss, or a benefit. Balancing fear and greed is an absolute necessity that you need to have. If not, for trading forex, you will never profit.

Here are some tips that you can do in balancing FEAR and GREED:

  1. Success greatly influenced how you were able to balance the role of fear and greed in everyday transactions. People who have a good early controls will easily do it. However, when you control difficult, you can stick to a disciplined trading planning follow. The analysis and determine at which point You open a position, specify the point of take profit and stop loss. Do this: Plan the trade and trade the plan.

  2. Fear greatly influenced how you manage Your cash flow. If you are using excessive margins, or spend all your wealth to speculate in the currency market, You can be sure will be very frightened when price reverses direction.

  3. Never achieved a profit if it fits Your target profit. Be thankful with what he already had. Don't be so like to profit a lot. There are still a lot of time on the other day to do trading. Specify Your take profit point. Stop trading after profit if necessary.