Forex trading can be oriented on different
time horizons. Day traders on forex market trading throughout the day.
Swing traders in forex trading hold their positions longer - several
days or week. The swing trading system looks to take larger moves
ranging from 100-300 pips over a period of a few days or weeks. Swing in forex trading means IN on the lowest and OUT on the highest point of weekly swing in the currencies. Forex trading has more predictable environment than stocks. Simply because the liquidity on forex trading market is higher and governments and states would not allow their currency suddenly move on 20%. So when on the forex market significant events happen the swing in the currency value will be slow and recognizable. Forex trading could also be different by the type of analysis it based on. Forex trading could be solely based on intraday technical signals, and disregard fundamental aspects completely There are those on forex trading who take the larger picture into consideration when deciding their intraday trades. And there are swing traders who use longer-term analysis of technicals and fundamentals when trying to determine good entry opportunities for forex trading. There is also automated forex trading. Automated forex trading is a strategy over different forex trading strategies. Automated trading systems allow you to do forex trading in several strategies at any time or the same time. This macro forex trading style requires in depth knowledge and experience of forex trading, forex trading strategies and the system of automated forex trading itself. |