Your strategy should define who you are as a forex trader, and maybe that trader is strictly in and out in a day, no trade ever held overnight is the rule. Then again, maybe you want to be a day trader and a swing trader in and out in a day for one trade, but hold another for five days. Again, no law mandates how you trade. You should however, subject yourself to your trading plan, which is know what you are doing. You should also know who you are, so you can decide what type of trading best suits you, your personality, your temperament, and your mindset.
Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
No comments:
Post a Comment