Open trading account One of the major problems faced by the beginning trader is to determine his trading style in time frame . Of course, it is not necessary to choose something one (beginners even better to try different approaches). But over time, you should choose one style, explore its advantages a\nd disadvantages and improve themselves in it.
Several features that will help to make a choice:
The personal characteristics.
If you are a person who prefers to do things quickly and expects quick results and immediate gratification as a whole, then you will like short-term trading and scalping. However, you need to clearly understand the difference between a predisposition to rapid action and lack of exposure.
If you do not like the rapidly changing environment, and excellent know how to wait for the results for a long time, then you should look at the style of the mid-term trading, swing trading, long-term and positional trade.
The size of the trading account
The size of your trading account affects the style of trading, so think what size trading account you plan to have? Big bill allows the practice of a few styles of trading at the same time. Very short-term trading (scalping) is focused on making a profit from small price fluctuations by means of maximum concentration with a strict control of risk.
Long-term traders also better to have a bigger bill, as they have set the stop-loss is quite far from the opening price, and should be able to ride out the ups and downs of strong prices for a long time.
