By thelogicaldude on Skatehive
There are many different trading strategies out there. Everyone has their own way of doing things and you will have to find your own method as well if you plan on becoming a professional trader. Having a game plan is key when going into any kind of trade, so it's wise to plan ahead and know what type of trade you are looking at. One of the first things you need to figure out is if you are going for a scalp trade or a swing trade. For me, this is going to let me know what kind of time frame I am looking at and also the amount of leverage I am going to be using for the trade. Let's talk about the differences in the trading styles and how to look for each type. Later I will also show a couple of chart examples. What Is The Difference Between Scalping and Swinging A scalp trade is a quick in-and-out trade that you look for on the lower term time frames. Scalping is generally done using the lower 1m - 30m time frames. This is when traders look to make profits on short-term moves in the mark