Medium-term directional forex trading
Medium-term positions are typically held for periods ranginganywhere from a few minutes to a few hours, but usually notmuch longer than a day. Just as with short-term trading, thekey distinction for medium-term forex trading is not the lengthof time the position is open, but the amount of pips you’reseeking/risking.Where short-term forex trading looks to profit from the routinenoise of minor price fluctuations, almost without regard forthe overall direction of the market, medium-term tradingseeks to get the overall direction right and profit from moresignificant currency rate moves.
Medium-term positions are typically held for periods ranginganywhere from a few minutes to a few hours, but usually notmuch longer than a day. Just as with short-term trading, thekey distinction for medium-term forex trading is not the lengthof time the position is open, but the amount of pips you’reseeking/risking.Where short-term forex trading looks to profit from the routinenoise of minor price fluctuations, almost without regard forthe overall direction of the market, medium-term tradingseeks to get the overall direction right and profit from moresignificant currency rate moves.
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