Day trading or swing trading?
- Thread starter kike
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That depends on your personality. For me, swing trading is definitely much easier than day trading.
Swing trading uses Daily charts or higher, and higher time frames tend to be more reliable.
However, swing trading strategies can be applied to lower time frames, such as the 4 hour. Learn the ropes by swing trading on the daily, then drop down to the 4 hour when you get good at it. I wouldn't recommend going any lower.
However, swing trading strategies can be applied to lower time frames, such as the 4 hour. Learn the ropes by swing trading on the daily, then drop down to the 4 hour when you get good at it. I wouldn't recommend going any lower.
Swing trading is my preferred way
Though I don't understand your point about interest. It would seem to me that position trading has the greatest interest accumulation if you are holding the currency with the higher interest rate for a long time.
Though I don't understand your point about interest. It would seem to me that position trading has the greatest interest accumulation if you are holding the currency with the higher interest rate for a long time.
You are referring to carry trades, and the best place to go for detailed information on the subject is here:
http://www.babypips.com/school/undergraduate/fundamental-trading/carry-trade/
In my personal experience, successful trading is boring trading. The ones out there selling the "trading is exciting" gimic are either dead money or trading with someone else's money. Day trading may be more active but for the most part just as boring, the excitment comes when excess risk is involved. On the outside it looks like excitment on the hot seat its anxiety. I perfer to not label myself as either day/swing/position trader. The market opportunities in all reality set the pace and I could end up being either type depending on how successfully I manage through any given trade, heck I have had two positions in the past start as a day/swing trade and held them for months. No labels and if your bored your probably not over-trading and using proper risk managment. The higher timeframes will always be more reliable and trader friendly. 4hr is the perfect time frame in my opinion it shows everything on that timeframe. If your used to 5-15M charts it will take some getting used to but if you have a decent approach and some patience you can clean up on that time frame.
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I find trading interesting, but I agree with what you said about the "trading is exciting" thing. You need to be calm when you trade. If you find trading exciting, that means your emotions have come into play. Not good.
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