Forex trading: Possible strategies of work

The first strategy consists in long maintenance of opened positions (from several days and about several months). It is as much effective at arising trends and it is least profitable at lateral or languid trends. It demands obligatory secure and corresponding work in the urgent exchange market of options. At work on long positions not less important, than the technical analysis, is the fundamental analysis.

The share of long positions in practical work of the trader should not be more than 15 % from the sum of mortgaging means. Also the analysis for opening of long positions will help you at shorter game, namely:

# to define long-term levels of resistance and support;

# thelong trend will warn you at work on short positions;

# you will have a psychological confidence at trading on a short position in a direction of a long trend.

The second strategy consists in work on intermediate term trends with duration about several days. Also secure by options is desirable. It is most attractive to nonprofessionals. Average positions are more stable for profit reception, though the analysis at decision-making for such game a little more difficult.

Thus quality of work depends as well on ability to conduct short-term trade (to choose the right time for opening and position closings). At opening of average positions it is made not only the technical analysis, but also it is attentively looked through: whether there will be any news of fundamental character to a position closing-time, whether there is no closing of any regional market at this time. The psychological factor of trade leaves on the second plan. At all external stability, necessarily watch the market; after all it is capable to give any surprises during the most improper time. If you conduct the intermediate term trade based on fundamental factors watch closely also that the technical analysis, at least, did not contradict your positions.

The third strategy consists in short-term opening of a position by duration from several minutes till several o’clock. It is applied by professionals. Pluses: there is no risk of occurrence of adverse fundamental news and changes of the price at the moment of your absence. Minuses: the big costs (commission fee, a spread, a telecommunication service etc.), the big risk of adverse short-term changes of the price, demands the constant control, a concentration and pressure within all working day. The basic assistant at work will be oscillator methods of the technical analysis (use rules of a choice of the moment of opening). Do not be under delusion with the small prize received at such work. You risk losing everything quickly enough that long and a considerable quantity of transactions earned.

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