Position trading is a trading strategy that focuses on holding positions in securities like stocks, currencies, commodities or cryptocurrencies for an extended period of time ranging from a few days to several months. Unlike day trading which aims to profit from short-term intraday price movements, position trading targets longer term trends that play out over […]
Key Takeaways Lack of a Trading Plan Having a clear trading plan is crucial for any forex trader who wants to be successful long-term. A trading plan provides structure and guidance during volatile market conditions when emotions run high. It defines the criteria you will use for entries into trades, where you will place stop […]