WHICH STYLE OF TRADING TO CHOOSE?

The market is as diverse as life itself. The main thing is to get well. Learn more about mobile trading platform. In order to make good money trading on the stock exchange , you need your trading style to match your personal character, circumstances, and experience as much as possible. If a trader has a penchant for one style of trading, then his results in a different style will be much worse, even negative. It's like working in a position you don't like. Therefore, it is so important for a novice trader to know his niche in the market and act in his “own style”. Then synergy will work, and the efficiency of trade will go uphill. TYPES OF TRADING In the global world of financial markets, trading is divided into types based on the time during which the position (deal) is held. So, there are 6 generally accepted types (styles): High-frequency trading - trades last for a fraction of a second. scalping. The position holding time is calculated in seconds and several minutes. Day trading. This type of trading is also called intraday trading, or intraday trading. As the name implies, all transactions are carried out within the same trading session. Positions are held no longer than the duration of the trading session. An intraday trader goes home with no open trades. Swing trading. The position is held for more than one day. Usually - from several days to several months. There are no clear time frames here. Medium term trading. This method is for those traders who catch long swings. "Medium-term" holds positions for many weeks and months. Long term investment. This type of trading on the principle of "buy and hold" is most suitable for the stock market. A striking example is one of the richest people on the planet, Warren Buffett.