MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » General Trading Forum

[Admin]

Hi all

It would be interesting to find out what time-scales members are looking for in trades.

Are you:

Scalper: Looking to hold positions for a matter of minutes.
Day Trader Looking to close out all positions by the end of the day

Swing Trader: Holding a trade open for between a day and a week

Position Trader: A trader who is looking to hold a position for a number of weeks

Long Term Trader: Someone who is holding a trade open for months at a time

Buy and Hold Trader: A trader who is looking for a return over a number of years.

[mishak]

Good idea about this poll !

Intresting that there are no BuyAndHold investors. In fact, in February 13th, 1973 just after the second gold devaluation (when currencies were finally liberalized 30 years ago) 1 modern EUR was equal to 0.66 USD cents. USD/JPY was 266.67.

So if you had sold USD then and buy DEM, you will earn 75% profit, equavalent to 2.56% annually without compounding. In JPY you got 140% profit, which comes to 4.66% annually.

Very good conservative investment - bet against the USD.

[Micke256]

daytrader here, I guess most in here are daytraders with the definition made MoneyTec. I'll try to become a swing trader within the next 12 months

[psit]

I think day trader will be the answer of all professional traders.

Psit.

[BOLDBOY]

I'M JUST A DAY TRADER~
ONLY BECAUSE I'M A BEGINNING TRADER~


boldboy

[novice]

Trend trader

Ideal holding period 2-3 months, longer if everything is going great.

Adding units along the way.

Take profits with a trailing stop 1 tick above/below relative high/low on shorts/longs.

[overload]

Originally posted by MoneyTec
Swing Trader: Holding a trade open for between a day and a week.

Couldn't a "swing trader" also be called a "trend trader"?

OverLord

[bullish_it]

I'm kind of mixing these styles: looking on fundamental predictions, I'm a swing trader. Still, if intraday the prices swing constantly with 10-20pips I don't refuse a scalping, trying also to keep the original trend. If the pair is in consolidation or expecting some barrier breaks for getting a new trend, I close my positions overnight. So, what kind of trader am I?

[mishak]

to bullish_it

Hi, it looks like you are a daytrader. You didn't describe situations when you keep the position for several days.

Anyhow, choose whatever you are enjoying the most and vote
Good luck

for testing purposes it is #265 for me

[bullish_it]

hi mishak,

when taking some positions for more than one day I'm taking profits gradually when the price approaches the (fundamental predicted) target of 1.30.
As an example, 3 weeks ago the USD/CAD was ~1.343 and I had a total amount of about 500k:: starting from 1.31, I placed buy orders of 50k/each at every 10 pips, down to 1.30.

However, I already voted for "scalping".

[loco]

trade em all..wherever the opportunity arises..in & out over a day..plus position trade..although stops have to be miles away to be a buy & holder in fx markets, huh...

[Ugly_Dog]

So how do you apply stops on a weekly/monthly platform? Don't you get stopped out by swings?

[Orion602]

any "Buy and Hold Traders" here?

do you trade only in direction to earn interest rates differential?

[cbelcher76]

intraday

[Mr 50%]

I am between a daytrader and a short-term swing trader.

Many of my positions get carried overnight, eventhough they are usually open for less than 24 hours.

very rarely positions go for 48 trading hours or more.