30 Apr '13, 5am
#Forex Best Forex Broker Singapore WhatIsForex.TV
It is a good idea to figure out what type of trader you are before even considering trading with real money. Generally speaking, there are four styles of trading based on the duration of open trades: scalping, day trading, swing, and position. The scalper opens and closes trades within minutes or even seconds, the day trader holds trades from between minutes and hours within a single day. The swing trader holds trades usually for a day and up to about a week. Finally, the position trader trades more in the long term and can be considered an investor in some cases. You can choose the style for your trading based on your temperament and personality.