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Posted

I am a forex trader and trade with TenkoFX. While examining the position, each trade position that you take in the forex market can be held for a brief span or quite a while. By short I mean seconds or minutes. By long I mean hours, days, weeks or months. You choose this by the style of trading that you go into. When you close your position, the pickup or misfortune is immediately attributed/charged to your brokerage account. This is an exceedingly fluid market and orders in either course and either opening or shutting a position are executed in milliseconds.

  • 4 weeks later...
Posted

I think you are taking about position trading where a trader holds a trade for long term. It is best for those who don't have time to check charts and can have a look after a day closes. For position trading you need good knowledge about long term market. I am trading with FXPM where I get low spreads and good personal care.

Posted

Forex market allows us to exchange currencies in any period of time as it is remaining open for 24/7. But we must know when to execute a trade, which position should take in a particular trade. You can take either short position (to sell) or long position (to buy) on a particular currency after analyzing all necessary facts. One example can make it clear, right now I am working with major pairs with AAFX by adopting scalping as my appropriate strategy. Because I am thinking that USD will move in a positive trend and for me it will be good to use scalping on major pairs since AAFX is giving me 1 pip fixed spread on this.

  • 4 years later...

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