online trading for beginners - what type oftrader trend or contrarian? for more online trading for beginners visithttp://daytradervideo.com online trading for beginnersone of the most important decisions for a trader to make in regards to his trading styleis what type of trader is he or she? so, you've done all the required steps thus far to beginyour day trading career. you've decided on one particular securityto trade. you've decided on what broker to use. they'vegiven you a demo feed. you've decided on what day trading platformto use. they've given you a free demo and you've opened a sim account.so, you've taken care of those major things.
but there is still work to do. now that youhave all that figured out you now have to not only decide on what indicators to usebut also what type of trading style to actually learn.while it may seem quite simple as really there are only two choices, it can often be difficultto decide. so, hopefully this video helps you make that decision and gives you someadvice on what direction to take in regards to adding indicators.first thing you should know is what each style is.a trend trader is someone who takes trades only in the direction of the trend. they neverenter a trade going against the overall direction of the market. it's just too risky for them.they want to continue on the current trade
and are actually betting on that happening.a contrarian trader is someone who believes they see a reversal pattern. they are gamblingon the trend to end and taking a trade against the current direction of the market. theynever trade with the trend and they are always betting against it continuing.try and select what works best with your personality. personally for me it makes me nervous to betagainst the trend. and that's the reason that i prefer to be a trend trader. you might bedifferent though. the last thing to understand is that takingtrades against the trend takes a higher level of skill. you should be very familiar andcomfortable reading price and market dynamic before you try and do this. make sure thatyou have plenty of practice and a proper stop
management and risk reward in place.online trading for beginners is a never ending learning process. remember to always be refining your craft no matteryour skill level.
0 Komentar