How You Personality Affects Your Forex Trading Style

How You Personality Affects Your Forex Trading Style
Trading encompasses four main styles: scalping, day trading, swing trading, and position trading. The differences among the styles are based on the lengths of time that trades are held. Scalping trades are held for only a few seconds, or at most a few minutes. Day trades are held for a few seconds to a couple of hours. Swing trades may be held for a few days. Position trades are held from a few days to several years.
Novice traders can have trouble choosing the trading style that best suits their personality, but you must do so to achieve long-term success as a professional trader. If you are a trader and do not yet feel as though you have found your trading style, you still can. Here are some of the personality traits that go with the different styles of trading.
Choosing the trading style that best suits your personality gives you a better chance to profit as a trader. Be honest with yourself, even if you don't like some of the traits that are listed.
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