what is forex trading styles. discuss with examples

When choosing a forex trading strategy, it helps to be aware of what type of trader you are and what types of strategies exist. However, it is not as simple as selecting a single trading strategy, as traders can choose to employ a single strategy or combine several

there are following rule to follow the trading rule

• How much time you can set aside to trading forex
• What currency pairs you want to focus on
• The size of your position
• Whether you’re going long or short
• types of forex trading strategy
• scalping trading strategy
• Forex traders who prefer short-term trades held for just minutes, or those who try to capture multiple price movements, would prefer scalping. forex trading focuses on accumulating these small but frequent profits as well as trying to limit any losses
• day trading strategy
• If you want to trade for short periods, but aren’t comfortable with the fast-paced nature of scalping, day trading is an alternative forex trading strategy.
• swing trading strategy
• For traders who prefer a mid-term trading style where positions can be held for several days, there is swing trading, which aims to make a profit out of changes in price, by identifying the ‘swing highs’ or ‘swing lows’ in a trend