There are various methods used to trade Forex and each with different ideas about how often to trade, how long to hold a position, and when to enter or exit the market. We have listed the 4 most common trading styles for your reference.
Scalpers
Scalping is a trading style that specializes in profiting off of small price changes and making a fast profit off reselling.
Day Traders
A Day Trader is a type of trader who executes a relatively large volume of short and long trades to capitalize on intraday market price action. These kinds of traders do not hold their trades overnight.
Swing Traders
Swing Trading is a strategy that focuses on taking smaller gains in short-term trends and cutting losses quicker. Swing Traders can hold on to trades for several days to several weeks at a time.
Position Traders
Position Trading is a strategy wherein a trading position is held for a long period (generally weeks or months) to achieve profit.
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