There are a lot of forex trading styles that can be applied to the FX market. Certain traders leave their positions open for months, while others can open and close their positions in an interval of minutes. This article focuses on the latter category of the forex trading styles.
Day Trading: Forex Trading Styles
It relates to forex trading styles that consist in trading in the course of one day, without leaving positions open overnight. With this forex trading style traders hope they register a small profit in each trade. The profits can add up over the course of the day leaving the trader in a great financial situation.
Because of the fact that no positions are left open, the trader can relax during the night, without having to worry about the price movements. They also don’t have to worry about rollover fees that are increasingly common and adopted by a large number of brokers. Since the position is closed at the end of the day, rollover fees don’t have to be paid.