( POLL ) What type of trader are you

[AlecMac]

Hi I am a day trader which makes me a combination of scalperposition trader swing trader anyone who day trades will need more than just one strategy system as the market goes through various stages. The trick is knowing when to apply the the correct strategy to the correct market. Thats the bit that is not so easy for example after spending two years full time day trading a variety of strategies with some success some failures the overall depressing thing is this: If I had just gone long USD/JPY at the start of the two years I would have made a great deal more than messing about every day. I can say the saem for many FX ps over that 2 year period long euro/gbp long eur/usd etc. You all know what I mean? But in current times just taking a position holding would not be that wise as most of the main FX ps have broken trend most could retrend in either direction so perhaps now is the time for day trading? Again who really knows? I think times like this are used by the retail FX companies to wipe out small retail traders. Does anyone have any experience of this?
I have also just came across a site offering offshore bank accounts with overdrafts that have 98% guaranteed acceptance to any one world wide I think? Not sure if they help USA residents but sure they help almost anyone else. I have started using the account which gave me a euro overdraft of Euro2500 the only downside is that I had to place GBP500 on deposit the site is offshoretruth do a google search. I am trying to become an affiliate as I think it will be a great help for traders? Anyway I have been burned by a couple of brokers one very large well known the other pretends to be a ECN but offers the same price feeds as the first charges high commissions also. I had a good experience with Interactive brokers but silly old me went chasing higher gearing. I am asking is it basically go for a broker with low gearing dont get done or is there anyone out there who offers decent gearing does not take the other end of the trade? Any hints on best place to trade greatly welcome thanks all.

[pinalli]

Hi there

It is important to define the outset if you'll be 'scalping' (trying to get a few points off the market) trading intra-day or going longer term. This will also determine what chart period you're looking at. If you trade many times a day there's no point basing your technical analysis on a daily graph you'll probably want to analyse 30 minute or hour graphs.

Additionally it is important to know the different time periods when various financial centers enter exit the market as this creates more or less volatility liquidity can influence market movements.

Thats my views which other trader can vary.