Trading styles

Your approach to the markets has a significant impact on how your trade. It dictates which strategies you use, how you manage risk and more.

In this course, we're going to cover how to pick a strategy for trading and risk that suits you. But before we get to that, you'll need to decide your trading style.

What's your trading style?

Every trader is unique and will have their own style. The chief factor in deciding yours is how much you want to trade, and how long you want to keep each position open.

Long-term traders, for example, tend to only take a few positions each quarter. They'll keep them open for months at a time, looking to earn 10% or more profit from each.

Day traders, meanwhile, are the opposite. They may take multiple positions each day, keeping them open for minutes or hours. Using leverage, they aim to profit from relatively minor market moves.

There are also short and medium-term traders, who fall somewhere in between. Or you might decide to employ a mix of a few different styles – it's all about finding an approach that suits you.