Some people stay far away from forex because they believe that making the wrong move and losing a single trade is the end of their account. As you’ll learn in the article below, there’s a lot more that goes in to becoming a successful trader than one single move, and thus, it takes more than one wrong move to lose. Check out this info.
It is a good idea to figure out what type of trader you are before even considering trading with real money. Generally speaking, there are four styles of trading based on the duration of open trades: scalping, day trading, swing, and position. The scalper opens and closes trades within minutes or even seconds, the day trader holds trades from between minutes and hours within a single day. The swing trader holds trades usually for a day and up to about a week. Finally, the position trader …