Do you day trade, swing trade or position trade forex?

Discussion in 'Forex' started by nwoptions, Aug 15, 2020.

  1. For currencies, I exclusively trade GBPUSD on the 30 minute chart using an algo I developed. Although it's the 30 minute timeframe, it'll only take positions during the London session, 99% of the time it's closed out before 11pm UK time. It's almost fully automated, though I adjust position sizes.

    In the last month or so, I've added to this with day trading the DAX via CFD on the 5 minute in my UK mornings, then switching to ES (Micro ES futures) also on the 5 minute in the UK afternoons. Both via a similar algo that I use for GBPUSD, again, with manually adjusted position sizing.

    So, all day trading, but across a couple of time-frames, where the 30 requires less focus compared to the 5.
     
    #51     Oct 17, 2020
  2. I am a day trader since i'm only interested in small profits.
     
    #52     Oct 20, 2020
  3. fargone

    fargone

    I usually do day trading in forex for the most of the time.
     
    #53     Oct 20, 2020
  4. I trade in forex usually.
     
    #54     Oct 20, 2020