Momentum Trading
Hi there!One of the most exciting aspect of the Forex market that makes it an unique trading experience is that you can make profits from the price rising and also from the price falling. I.e. when you buy a currency pair - say EURUSD - and when the price of this pair raises (which means the price of EUR raises against the USD) you make profit equal to this raising in the price. And when you sell the same pair - EURUSD and the price of EUR fails against the USD you make profit from this failing.
The price of any pair is between the raising and failing in a cycle mode and the opportunities of profit (and loss) are unlimited!
Our trade style today is how the trader benefits from the cycle movements of the currencies prices!
Three types of traders:
According to how long you are going to keep you opened position you are one of three traders:
1- Short-Term (Scalper) trader: The trader who holds the position from few seconds to few minutes trying to get his profits from the small price movements.
2- Mid-Term trader:
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