My trading style [Okachan-man]
A winning trader analyzes their own personality and daily rhythm to establish their own trading style. Here, I would like to share with you, along with my own experiences, how岡ちゃんマン can find the type that best unleashes his potential.
※This article is a reprint and edited version of an article from FX攻略.com June 2019 issue. Please note that the market information in the本文 is different from the current market.
岡ちゃんマン Profile
From Fukuoka Prefecture, born 1980. Hobbies are news searching and going out for drinks. Special skill is not sleeping. He started FX in 2011 and now leads a comfortable life as a full-time trader. He has an insatiable intellectual curiosity and exceptional information gathering and analytical abilities. Recognized by the “Trade Team Inishie,” he became a core member of the team. He specializes in swing trading based on fundamental analysis.
Inishie-style FX Blog:Fundamentals Trading
Establishing Your Trading Style
This article is written with the idea of helping people who have not yet established their trading style, who change their methods daily, or who are looking for methods. Before searching for a trading method, it is important to first establish your trading style.
Since I established my trading style three years ago, I have continued to achieve about 50% annual return. By reading this article, you can find and establish a trading style that fits you, so please use it as a reference.
There are two important points when choosing a trading style.
① Your personality (impatient or calm)
② Available time (time you can devote to trading in a day)
When choosing a trading style, you need to take these two points into account.
Four Trading Styles
① Scalping (trades within 1 hour, can spend about 3 hours per day glued to the PC)
② Day trading (trades within one day, can spend about 8 hours per day glued to the PC)
③ Swing trading (trades from 2 days to several weeks, can check news and charts about 1–5 times per day)
④ Position trading (trades from several months to several years, can check news and charts about once a month)
In this way, the trading style varies according to the time you hold a position. For each style, the approximate time and effort from entry to exit are indicated in parentheses, so please decide which style to trade based on the time you can allocate and the feasible effort. And there is one more thing you must decide: whether to use automated trading or not.