HomeHome SearchSearch MenuMenu Our productsOur products

You need to know your timeframe for trading the stock market

by , 20 October 2015

If you want to start trading the stock market, one important thing you need to decide before you begin is your trading timeframe.

Knowing this will help you decide what strategies are best for you and how much time you need to devote to trading.

So what types of trading timeframes are there?

Let's take a closer look…


Trading timeframe #1: Day trading


A day trader is in and out positions in the same day.

As a trading timeframe, day trading means you need to have time to sit and watch your positions for much of the day. This style of trading isn’t going to suit you if you have a full-time job.

As a day trader, you’re looking to jump in and out of trades making quick more modest profits.

One of the benefits of day trading is that by market close, you have no positions open and don’t have to worry about what the next morning brings.


Trading timeframe #2: Short-term trading


A short-term trader is in a position from a couple of day to a few weeks.

This style of trading means you can set your trades up and keep an eye on them, yet still be able to go about your day to day duties.

By holding onto positions longer, you’re hoping to make larger profits than you would in each of your day trading positions. You’re waiting for a trend to play out as you think it will.


Trading timeframe #3: Medium-term trading


A medium-term trader is in positions for between a few weeks to a few months. This type of trading is very much like short-term trading, just with a longer time horizon.

The type of trading timeframe that suits you will depend on how much time you can devote to trading to begin with. The most important thing is you apply risk management strategies, such as stop losses. By doing this, if a position moves against you, your losses are limited.

So there you have it. Why you need to know your timeframe for trading the stock market.

*********** New release ************

Sit back, relax and earn up to 32 extra salaries a year

Sounds impossible right? Well, I can assure you not only is it possible- you can start doing exactly that today!

How? By spending 10 minutes a week using a proven trading strategy that’s given 510 South Africans an extra income every month.

It’s THAT easy! No hassle, ZERO skill. Just a few minutes of your time and a tested method.   

To find out how they do it, click here…

**********************************



You need to know your timeframe for trading the stock market
Rate this article    
Note: 5 of 1 vote

Related articles



Related articles




Trending Topics