Saturday, October 20, 2007

common trading strategy

1. swing
2. hedging
3. scalping
4. retracement/correction
5. multilot

swing
entry normally based on trend. moving average lines are used as a guide for trend.

hedging
buy and sell same pairs or
buy and sell different pairs and trades closed when profit is more than loss

scalping
enter and close trade for small number of pips normally between 5-10 pips

retracement/correction
enter trade after big/fast move. if market is up fast, sell is entered when the upwards move slowed down

multilot
different lot size entries

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