MetaTrader

Every person has their own type of trading. This is because limited time, so trader cannot see the price at any time. Therefore choose to be more passive like Warren Buffet policy. There are also some people who have time and allowing sufficient access to monitor price movements and try to take profits as much as possible in the forex world. Thus he tried trading with open positions daily. In learning forex, trading above Type-common type is called Swing Trader, Day Trader and Scalper.


Swing Trader
is they who decide in a way that the first trading. The Swing traders tend to hold their position until the precious days to many months. Some even hold the position until one year! Traders with this pattern tend to wait until prices are at their best position and then took aim with the opening of a number of lots and placing a large enough profit targets. Usually they open a position only on very extreme conditions where the prices are very high or very low prices according to the history of the movement in recent weeks. Because this condition does not happen very often so once they get the opportunity to pursue the targets are very large and well balanced with sufficient funds to keep the price movements because they usually specify a Stop Loss point which is also quite large. That's why the Swinger often start trading them with decent capital of about $ 3,000 for a mini trading.

The Swinger is more often used the daily time frame or 4h to determine their long-term trend. To buy and sell decisions, they usually just use graph 1h only. The point is this: when they want to find the right moment to open a position then they will open a 1D or 4H chart them. Then they determine whether a trend is happening when, in the 1D graph. If the trend indicates the situation to the uptrend then they will only seek the position of Buy and Sell positions will not open at all.

Next they will search for the right time to open a position. The trick is to wait for the graph H1 is in the same direction as the D1. This means that if D1 indicates the direction up the Swinger will wait the time when H1 is also showing up direction. Buy After that position was done. When they go then they will usually determine how much of their profit targets. Average trader with this type will pursue the target profit of more than 100 points, thus requiring several days to several weeks to achieve.

Another thing to note is the Swinger was not even hesitate to take action to counter the trend just took the opening position. For example, when the price has already reached saturated area (say overbought) then they are not afraid to take positions Sell although trend is not over. Assuming they are to save time because they mostly do not like their graphics monitor constantly. That's why they have sufficient capital to withstand large price movements so with the assumption that soon the price will go down even though at this moment is still in the rising trend.

The advantages of betting with a model like this are the first on the relatively easy analysis. Please note that the larger the time frame that we use the more easily for us to predict price movements. Conversely the smaller the time frame that is used it will be increasingly difficult for us to predict correctly movements. This is because with a smaller time frame charts are often more jagged (whipsaw) so difficult to read the main trend.

Another convenience is the psychological pressure on the side. Due to the Swinger using a fairly large time frame then they usually do not need to monitor the movement of the chart every hour or every minute. Quite simply once in a single day is not a problem. As a result they will be more psychologically comfortable and protected from market pressures in each movement. Well happier life, Is not it? And for the same reasons they were usually able to perform their daily activities in addition to trading well.
The downside ? Of course there is! The most fundamental deficiency in the betting with a pattern like this Swing is in the capital problem. You cannot do Swing trading only with authorized $ 500! Stop Loss Due worn long enough so they usually require no small amount of capital for trading. At least $ 2,000. It was already very least once. Not to mention if they are not enough to just play with a lot just for one time the opening position, which included the capital can reach several times the starting $ 4,000 and even up to tens of thousands of dollars.
The second issue in swing trading is that there are on occasion obtained. Swinger Often this cannot be opened while the trader's position other types such as Day Trader or can Scalper Profit on existing movements. The cause was an opportunity for Swinger far less than other types of traders. That's because they have to wait for prices to be at both extremes to open a position. When prices are playing on the median line (center line) then they cannot do anything but wait. A tedious job!

Day Trader
a trader with a daily model. Usually this type of trader's position will be opened and closed that day. Oldest in the range of only a few days and very rarely goes past week. That is as much as possible they will close their positions before the beginning of next week begins. So if they open a position on the Thursday before the Saturday morning they will close their positions because they do not like to wait until Monday, where patterns and trends are taking place.

Now the Day Traders usually use the time frame or 1H 4H as a determinant of long term trend. While for the execution of their daily time frame rather use 15m.

Due to the time frame and a short trading period, they were the target profit is not too large. Exist only in the range below 100 points. Most are around 30-50 points. But precisely because their profit targets are not too big so they can perform the opening position several times in one day. In fact I once met a day traders are betting on up to 13 lots in one day when he entered the initial deposit of $ 500 only! It belongs to a very active day traders.

There are many benefits to be gained when people do day traders. This is primarily done on the initial deposit. A day traders can start only with a capital of $ 1,000 only. Even some who have advanced trading is able to develop funds to hundreds of percent in recent months from when they start only at $ 500 only. Nevertheless it is not advisable to start trading with a capital of only $ 500 because the magnitude of risk that might occur if you are a beginner. How else do not be fooled capital. Do you agree with the teacher of children?

Another benefit when you make trades with the pattern day traders are the many opportunities that can be taken. Due to the profit objective being pursued is not more than 100 points, this opportunity could arise almost every day in different types of major currency pairs. If you are clever enough, when prices are in the wave up or down, a day trader is able to get profit from there. The day traders will not think much about long-term trends like a Swinger. This is due to their trading is today. By looking at the movement today then that is market conditions that could be taken. That's why they use the time frame is relatively short as 15m or 10M.

Shortfall in trading with this pattern of course there is. If there are advantages to a Swinger on the ease of controlling the position, this would become an obstacle a day traders. A day trader must be strong enough to monitor the price movement several times each day. If not so they could lose their chance in the opening position. This in impact on the possibility of a day traders experiencing psychological distress resulting from price changes in seconds into the second. You who have never opened a real account or real account is running out I mean. On a real account, psychological point plays a very important far beyond any pressure.

Another deficiency is in excess of a day traders is the degree of its activity. The more active a person to open a position also taken the risk will be greater. So instead of a profit, a day traders who are not adept at reading the charts often experienced loss in large enough quantities in a short time.

Scalper
Scalping is of English origin (Scalp), which means it is fleas. Now trading with the type of scalping is more or less adopts this. Without demeaning the Scalper mean the world, they often take advantage of the situation very small price movements, and have no meaning for a Swinger. For them, the advantage is 10-15 points a day is important enough stability.

The point is this: By taking the advantage that small, the Scalper view that it is much easier than chasing gains 100 points in a single trading. Often they also take the number of lots that much more for a one-time opening position compared to most traders. If the capital of $ 2,000 a Swinger opened the lot just as much as two lots in a single transaction, the Scalper can open the position up to five times that number! What if there a margin call? Well the point was for them a margin call is a Stop Loss point them! But on the contrary when the profit amounted to 10 points they get, just imagine 10 x 5 = 50 lots. Just not with a day trader? But this time is much easier because only after 10 points only. Not to mention the profit target due to only 10 points, they can open a position many times to tens of times in one day. Hmm ... how active they are!

A scalper typically using 1H and 5M time frame in their trading. 1H useful to determine the major trend is happening while the 5M is used as a determinant of execution.

O yes, for a scalper, spread a very important role for them. The scalper is often times find a broker with a very small spreads. The smaller the better for them because the only difference between 1-2 points is very important.

The advantages of trading with a model like this is easy We get the profit that we pursue. The movement of 10 points can be achieved even when the market is very, very quiet and London and New york stock exchange was closed! Activeness. We must also open a position much larger than a Day Trader moreover Swinger. Capital which is included also do not need very large. $ 1,000 was more than enough. Even $ 500 was not a problem.

The downside? There. The most major problem is determining the point of a Stop Loss that will be taken. With the target profit is only 10 points so if we want a balanced then SL but we also have the same size that is 10 points. But the problem is the same as the target 10 points can be achieved easily, the Stop Loss limit of 10 points no less easy.

Then how do we determine if SL for 30 points? Is not it easier to profit while the SL became much more loose? True. However 3 x your income in the only loss 1x everything is even.

Well if Scalping without SL how? It is also not less difficult. It will be much easier to achieve profit. But imagine you had to wait for days because of your position floating negative but when you take your profit is only just 10 Points! Is not that weird? We bear the risk of a Margin Call is up to the level where almost all the money we lost but the benefits that we take only 10 points! It really makes no sense.



Ok it is a variety of trading methods used by traders in the world. It should be understood here that no single trading method that has been mentioned above is better than other methods. Each method has its own success people who have tried this method for years. But there also are losing money because of it.
The key here is to find a trading method that's right for you. Try asking yourself how much time and capital you have? Are you a busy in their daily work? If yes then join the Swingers. Or if you're happy with the adventure, join the Scalpers. No problems at all. As long as it suits your personality then it would be really useful.
What should be emphasized here is the use of multiple time frame will greatly assist you in determining the current conditions in the market. One simple key in determining the time frame is: the smaller time frame will always obey the larger time frame. This is important for you to understand. If you find your H1 graph shows the opposite direction D1 down and you show up it is a good way to wait until both are unidirectional. Or if you were forced to open a position so follow the larger time frame! Because within the next few hours it will drop the price but within days the price will keep rising and rising!