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danydebrown 6 years, 3 months ago.
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There are lots of people in this market who want to make their profit by trading in Forex. There are also many other markets for people who are interested in trading like the stock markets. These stock markets have some limitations that are not in Forex and one of them is the deposit of the big amount of money. You will not get the chance to start your trading career by depositing only 10 dollars in your account. People will laugh at you if you tell them you have 10 dollars and you want to open a stock account. You will need more than that that is why trading in Forex is getting popular. You can open your account with 10 dollar and other traders will support you in this decision. Traders open their account in Forex and money does not come pouring from the sky. You have to earn your money by trading with the right strategy and this article is going to tell you about Forex positional strategy. This strategy is widely used by people all over the world and you are expected to make your money if you follow this strategy. You will not make the profit instantly but with time and practice, you will start to make the small profit with your strategy.
Long term trader
Trading is an art and there is no shortcut way to become a Forex millionaire. It’s true that if you trade the lower time frame then you will have lots of trading signals. But when you are dealing with the lower time frame data you need to be very careful since the market exhibit lots of false spikes and signals. For this very reason, some expert traders at Singapore always prefer higher time frame trading. Being a short time trader you will always have to take a bigger risk and at the end of the month, you might not even make any profit. But when it comes to long-term trading you are reducing your risk exposure to a great extent.Being a long-term trader there is no guarantee that you will be making a profit in every single month. Losing is just a part of your trading career. The professional Singaporean traders in the exchange traded funds community always consider this industry as a probability factor. They simply aim for high-risk-reward trade setup so that even after having more losing trades they remain on the profitable side.
What is the positional trading strategy?
From the name, you could have guessed that this trading strategy is about holding your positions on the market. There are two types of strategies that are used by traders in the market. They are short-term strategies and long-term strategies. The strategy that we are talking about is a long-term strategy and its long-term strategy gives more profit to the traders. In this positional trading strategy, you will be placing your trades like the other strategies in markets. The difference is you will not close your trades in a day or weeks. When the other people are closing their trades, you will be holding them on the market for days and even weeks. This time can also be for months and you cannot be impatient. This is a long-term strategy and it needs you to be patient.Why would I follow this long-term strategy?
You may think that why would you follow this long-term strategy. People who trade with short-term strategy do not make the profit. You may think these short-term strategies are better than long-term strategy, you do not have to wait for months and weeks but when you are trading in live markets, you will understand the importance of patience. The market will be changing from time to time and only the patience traders who can hold their trades will be successful. If you think you can make money slowly in Forex, you should follow positional trading strategy.
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