Forex trading options.

Everyone who enters the forex market sets their own goals and objectives, but not all traders have the same capabilities and abilities.

Therefore, it's advisable to immediately determine your preferred forex trading method and realistically assess your abilities to ensure your attempt at trading doesn't turn into another disappointment.

There are several trading methods—or rather, methods, not strategies—many more, but they all fall into one category or another.

Scalping is the riskiest and at the same time the most profitable trading, its main components are:

• High leverage up to 1:500 on average.
• The transaction lasts from a few seconds to a couple of minutes.
• The number of daily transactions sometimes exceeds a hundred.
• Profitability up to 1000% per day.
• Huge risk.

If you are a risk-taker and are excellent at managing your emotions, and of course do not trade with your last money, then this option is for you.

Intraday trading is trading within one day, in fact, scalping can be included here, but it is usually placed in a separate category. Intraday trading is the golden mean for those who do not have large capital and do not want to expose their account to excessive risk.

• Moderate leverage up to 1:100.
• Duration of transactions from 30 minutes to 24 hours.
• The number of open orders rarely exceeds 10.
• Profit within 1 to 50 percent per day.
• Average risk level.

To conduct intraday trading, you already need to have an average certain capital, the risk is already noticeably lower, especially if you do not use high leverage.

Long-term trading is the calmest option, a transaction can exist from several days to several months.

• Requires a solid deposit, preferably more than $ 10,000.
• Leverage of more than 1:10.
• Low profitability up to 20% per month.
• Minimal risk, there are practically no deposit losses.

Here it is only a matter of capital, since leverage is practically not used, and you will have to earn only at the expense of your own funds and significant exchange rate movements.

I would like to highlight automated trading separately, it also uses one of the listed trading options, advisors can be scalpers or open one trade per week, so be careful when choosing programs for auto trading.