Welcome to part six of this mini-series on strategy and methodology in currency investing. According to google a strategy simply means a plan of action designed to achieve a long-term or overall aim.
A strategy in the world of currency investing is a process of buying and selling financial instruments based on a predefined set of rules
And a methodology means a system of methods used in particular area of study or activity.
A methodology in the world of currency investing is the approach or combination of approaches you use to study the markets, examples being:
Day trading as it implies is the opening and closing of positions each day whereas position or swing trading is opening positions and holding that position for multiple days, weeks even months.
Time stamps as follows:
0:00 to 0:55 Introduction.
0:56 to 1:35 Quick recap on last weeks episode on risk management and introduction to next week’s episode.
1:36 to 2:39 What is a strategy and methodology in currency investing.
2:40 to 3:00 What is day trading and swing trading.
3:01 to 4:08 The different timeframes and the meaning in currency investing.
4:09 to 6:00 Day trading strategy and methodology.
6:01 to 8:08 Swing or position trading strategy and methodology.
8:09 to 9:00 Differences between swing and day trading.
9:01 to 10:34 How to get started.
10:35 to 11:25 Recap and introduction to next week’s session
11:26 to 12:00 Wrap up
Hope you have a wonderful day,
The FYR team.