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While I've multiple styles, I would characterize myself primarily like a momentum trader that depends on tape reading to identify favorable risk/reward situations get into in the direction of one trend.

Timeframe - How long will you own your positions for? Certain be just about every day trader focusing on trades lasting a few minutes, or even perhaps a swing trader holding trades for the couple of best platform ?

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Homemakers really are much more patience in working with things. In trading, patience is yellow metal. Someone who is not patient will not make it in trading currency and which usually is the truth.

If begins your trading career using technical analysis like Support, Resistance and volume, you're off to some good start and certainly on a path way too traders have eto take at some point. But eventually, you may tossing the second feel there is a higher power in business. You may get a nice support trade, get pushed below support and stopped out, only to see price eventually use the direction you originally anticipated. What's that about? When that happened to me the initial few times, I said to myself: how is it possible am I going to support my family, trading of a Living, that kind of funny business going ? It almost feels like someone as well is intentionally pushing your stop loss order prior to running based upon up. It is a very common and disturbing feeling amongst new options traders.

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