In forex trading, it's important for traders to understand their own trading style and make decisions based on that understanding. This includes sizing positions appropriately, searching for trading signals, and continuously managing positions and risks. By doing so, traders can maximize their chances of success and minimize the risk of losses. Additionally, traders should also be aware of the various market factors that can affect their trades, such as interest rates, economic news, and geopolitical events.
To be successful in forex trading, it's important to stay up to date with these developments and make informed trading decisions based on the latest information. In this lesson we introduce 9 trading styles with their advantages and disadvantages.