What is position trading in Forex?

[skrimon]

 

Position trading is characterized by longer holding periods than other forms of trading. As a result, there is a higher chance of success, but also a higher possibility for profit. Many of the world's wealthiest investors throughout history have amassed their fortunes through position trading.

In one of his most recent newsletters, trader Joe Ross described what may be the longest example of position trading in history, one that lasted nearly ten years (from 1991 to 2000). The investor in issue opened a long-term position in the S&P 500, which he held for a long time, making a profit of $16 million by using a trailing stop that was triggered only when he felt a sufficient profit had been made.

In addition to being a superb investor and drawing a significant following of admirers like Warren Buffet, Philip A. Fisher was also a well-known position trader who was known for his focus on good firms with very optimistic statistics. Fisher made a long-term investment in Motorola stock in 1955, and he held on to it until his death at the age of 96.

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[Zack M]

Another way to position trade is to identify support and resistance levels in the market and take positions within that range. This is known as the range trading strategy. To apply this strategy, you can easily choose FreshForex broker. Thank you!