If day trading moves too fast or you’re looking for longer-term trading strategies, position trading may be right for you. Position trading can give you a way to dip a toe into the market without the high stress of intraday trading. No trading is risk-free or easy … but some strategies aren’t as high demand.
One key to trading consistently is finding a strategy that matches your personality and lifestyle.
If you can’t spend a lot of time in front of your trading screens, due to a job, your family, or any other reason, position trading could be a good fit for you.
Position trading allows more time between trade decisions compared to day trading and swing trading. So, if you don’t handle high-pressure, make-or-break trading situations well, position trading is something you should look at.
One of the best advantages of CFD trading is that you can keep your trade open as long as you like.
Position traders use a combination of technical indicators to identify strong trends and determine retracement periods. This approach allows unnecessary smoothing noise of the market and points to certain conditions when it’s time to stop the trading cycle. The main aim is to increase the effectiveness of the trading method, as it directly influences the overall profit at the end of the day.
ALAN GREENWALDAlan holds an MBA in Economics from the University of Pennsylvania. has been trading the Commodities and Futures market for over 15 years. Over the years, he’s established a trading strategy that is designed to steadily provide profits. Traders from across the globe are familiar with his expert mentoring and the achievement level of those learners has been extremely great. Mr. Greenwald is able to help newbies or more experienced traders looking for an expert’s input in their trading strategy.