How to choose successful trading style with TradeSmooth, the best tecnical analysis software

TRADING MODE

Trading mode refers to the type of trading you would like to use. There are two types of mode:

1. Trend trading
2. Swing Trading (counter trend trading)

You either trade with the Trend, or against the trend (counter trend). Both Trend trading and Counter Trend Trading are considering the hard part in trade success but with proper Technical Analysis Software you can make some good money from trading in financial market (commodity/currency/stock).

Counter trend trading is usually referred to as swing trading.

A simple explanation of trend and swing trading can be seen in figure 5.1.

Markets rarely trend consistently, spending approximately 85 percent (85%) of the time being range bound, chopping around, and frustrating trend traders. Trend traders trade when they recognize a distinct trend, and will trade in the direction they believe the trend is heading. Swing traders trade against the market’s trend direction. They believe the market trend will reverse, or offer a quick opportunity to trade a pullback against the trend.

Trend traders usually have low accuracy and lose often, but when they win, they win big, and their average length of trade is usually weeks, if not months. Swing traders usually have higher accuracy with lower average wins. They’re out of their positions within a few days or weeks at the latest. The difficult part for either type of trader is to determine the trend’s direction.

As a trader, you will need to select a trading mode – either trend trading, swing trading, or a combination of both. Many successful traders will usually incorporate both trend trading and swing trading into their trade plans. Another important factor will be your time frame.

TIME FRAMES

You have to finalize in which time frame you are going to trade. Time frames mainly depend in which trading style you are in from day trading, short-term, medium-term, or long-term trading. Day trading refers to being square off all the position by the end of day.

Day traders never hold a position overnight and will trade many number of trades during the day. Traders using the other three time frames do hold positions overnight – although for varying lengths of time. Short-term traders may hold positions for up to one week. Medium-term traders may hold positions up to a couple of weeks, while long-term traders can hold positions for more than a month. However, there are no hard or fast time-line delineations between these types of traders.

CHOOSING YOUR TRADING STYLE WITH TRADE SMOOTH TEHNICAL ANALYSYS SOFTWARE FOR CONTIUNES PROFIT FROM TRADING MCX, NSE, FOREX, COMEX MARKETS

Considering trading mode and time frame, Trade Smooth trading system and buy sell signal generating software provides plenty of combinations you can choose as an appropriate trading style to make money regularly from commodity, stock and currency markets.

If you are day trader we suggest use 1minute time frame for Scalping, 5 minute and 15 minute time frame for day trading and 30minutes 1 hour time frames for short term trading, 4 hour time frame for medium term and higher time frames like 1 week, 1 month will use for long term trading. You need to feel comfortable, to be as one with your trading style. If you don’t, you’ll find it difficult to follow and execute. So first you need to get familiar with the trading style you select for your trading and stick with that at least for a month for getting consistent result. After one month, if you prefer to change the trading style you can.

Discuss with our supporting team to get real time free demo in live market in NSE (Stocks & Futures), MCX, NCDEX, FOREX and COMEX markets. Our experts will guide you to select which trading style is most comfortable to you after evaluating the time and money you can spend for your trading.

CLICK HERE TO GET FREE REAL-TIME DEMO OF BEST BUY SELL SIGNAL SOFTWARE

Below mentioned some blogs might be useful to better understand about Technical Analysis system and use of technical analysis software to pick accurate buy sell signals:

1. How much you prepared for your trading in commodity / currency / share markets?
2. Testing your trading system for Specific Results in FOREX, MCX, NSE, NCDEX, COMEX
3. Stop Loss, the key factor in successful day trading in Commodity, Currency, Stock Market
4. Become a disciplined trader in FOREX, MCX, NSE, COMEX markets with best buy sell signal software
5. Defining the Principles of Successful Day Trading in FOREX, MCX, NSE, COMEX Markets With Best Technical Analysis Software
6. Pivot Point Analysis & Trend Definition In Trading Commodity/Currency/Stock Market
7. Technical analysis in Day Trading MCX, NSE, FOREX
8. Philosophy of Technical Analysis with best buy sell signal software
9. How Emotional Trading is Lethal in Financial Markets like FOREX, MCX, NSE, COMEX?
10. Customized PIVOT POINT with Trade Smooth Technical Analysis software in FOREX, MCX, NSE

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