What Is Your Trading Style?

A lot of traders are just trading according to their emotion and feeling. Sometimes they just want to trade hourly our trade daily. This is very danger, since inconsistency behavior would only result from the inconsistency result. You will never and ever can measure your success or failure in trading. If you're profiting from it, then it's good. However, if you're losing money, you surely want to know why you're losing money.

Trading style is a way how you trade and how long would you want to hold the position. Most of it categorized into three categories: intra day, medium and long term trading style.

For an intra day trader, they only keep their position under one day. The buy and sell transaction or vice versa will finish in one day.

As for a medium trader, they tend to hold it maximum one week.

While the long term trader could hold a position more than one week and the extreme case, they would hold it more than a year (which is very rare). Only some people could do this, Warren Buffet is the perfect example for a stock trader that plays in long term trading style.

Now which one is your trading stye? Every trader have their own level of comfortness. Try to trade in demo account. Ask this question to yourself. If you hold position longer than a week, are you comfort with it? Try different time frame and your trading hours. You will know which time frame you would love to trade. ADX indicator would help you determine which currency pair that are traded the most in certain times.

Once you find out which one do you like, then improve your trading system to get a better result. For me, I'm a medium and long term trader. I don't like to sit in front of my terminal trade every hour and holding my pee. Find what suits you the best and stick with it if it's profitable.

Now, go trade and find out your trading style.

If you have any questions just visit http://www.theforexstrikesback.com and drop me the email.

By: Ge Jun Yin

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My name is Ge Jun Yin, I’m a trader whose living from trading. My background is trading XAU USD. In my younger age (14th years old), I trade physical gold and jewellery a lot. Family business, can’t help it. I have to work to earn my position in family. Having a lot of passion in forex world, have made me to trade and live the trading lifestyle. Yep… no boss that order me around and wake me up to go to work, yippie…! Feel free to visit me at www.theforexstrikesback.com, please do drop by and I