Friday, December 18, 2015

KNOW THE DIFFERENT TYPES OF TRADING STYLES

FOREX traders are unique from one another.
More than8 billion people work in this FOREX World (including space aliens disguised as humans) and not one person is exactly the same as another. Even identical twins will have different fingerprints.
Each one has their own look, personality, style, talents, and pizza topping preferences (we like pepperoni and potato chips). We all like different things and are unique in our own way discrete.




In trading perspective, it is almost same. Our unique personalities will lead us to trade differently from one another. Some may be aggressive, “type A” personality traders while others may be more relax, “type B” personality traders. Some may like taking small wins all the time, while others don’t mind losing a bit in order to make those huge gains when they do win.
If you observe, you never found two traders alike. Even if a group of people were to trade the same system rules, each person’s end results would most likely be different from everyone else.
What do you think? Is it a bad thing? Not at all!
Your uniqueness is what makes the world go round, so it is necessary to know your lifestyle and personality to help identify trading strengths and weaknesses. Trying to force a trade that doesn’t match your personality will result in frustration and can hinder you from making consistent profits.

In the following lesson, we shall take you through a variety of trading styles so that you can identify which one may match you the best and which one is relatively worse.

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