Posts

Swing Trading vs. Intraday Trading: Which is Better?

When it comes to trading, most people think that trading is stressful and boring because it involves staring at a screen the whole day and watching prices move, and then having to execute trades at lightning speeds to make any profits.

That is quite often what is shown in the movies, and very much dramatized.

In reality, there are many different kinds of trading, and here is a simple infographic depicting the main categories.

Source: Forex Useful

 

Generally, what you see in the movies tend to depict scalpers and day traders, which is the most stressful kind of trading. I myself tried it for a couple of years, but it started to take a toll on my health, which I decided was not worth the money, even though it was pretty good.

Position trading is more useful in timing the market to build your long-term portfolio, as I mentioned in my previous blog post: http://synapsetrading.com/2018/05/how-to-build-a-1m-dollar-portfolio-by-30-the-practical-stuff/

Hence, I find that the most useful kind of trading for anyone who is doing it part-time, or does not want to get too stressed out, is to use a swing trading approach. This means taking tactical positions to capture the medium to long-term trends.

With just 15 minutes a day, it is more than enough for me to place and manage my swing trades, which leaves me more free time to focus on the things that matter in life.

Of course, there are some drawbacks to swing trading as well, for example your income will be more lumpy as compared to intraday trading, and you will need a ton of patience in waiting to enter the perfect trades, and also waiting for trades to play out.

In summary, the type of trading style really depends on each individual personality and amount of free time, but personally I prefer to use the swing trading approach because it gives me the best returns for my time and effort.

Do you know what is your preferred style, and does it play to your strengths? 😀

 

Bearish Trade Setup: Gold on H4 Timeframe (Forex)

daily trade alerts 021115

After our last few trades, including a short position on the STI index, and a short position on the NZD/USD (which we closed and switched to long on a new setup – updated real-time), and tomorrow we are watching for a few new trades to enter.

One of our latest trading opportunity is a bearish trade setup on the H4 timeframe of Gold, which we have now converted to a risk-free trade by shifting our stoploss to breakeven. This means that even if the position goes against us, the maximum amount we can lose is our open profit, and not any of our precious trading capital.

gold trade 021115 synapse network

gold 021115

This coming Thursday, I will be doing a live demonstration on how I pick these trades, and reveal the latest trading opportunities. I will also be talking about the majors that affect the big moves in the market, and how you can build a portfolio that can do well in all market conditions, so that you do not have to worry about the stock market crashing.

Check availability:  http://synapsetrading.com/events/training-workshops/

See you there! ?

Bearish Trade Setup: NZD/USD on H4 Timeframe (Forex)

NU 281015

We just took a new LIVE trade on NZD/USD on the H4 timeframe, and the trade parameters (EP, SL, TP) are indicated on the chart.

The NZD is one of the most bearish currencies at present due to the easing cycle of the RBNZ.

The USD remains the strongest currency in the longer term. Fed Fund Futures currently price a rate hike in March, with October at less than 10% and December around 30%.

synapse live chat 281015

 

Here are some of our other open positions:

current positions 281015

Next week, I will going through all these positions and new trading opportunities in my new FREE seminar, as well as the strategies used for these trades.
Check availability: http://synapsetrading.com/free-workshop-7-best-kept-secrets-professional-traders-live/

See you there! 😀