The Strategic Trade Master: How to win the Global Market (ePub)

One of the most demanding and rewarding jobs in the world is trading. It provides the chance to profit from changes in financial markets, including those for equities, currencies, commodities, and cryptocurrencies. But trading also comes with a lot of hazards and demands a great deal of knowledge, discipline, and skill.

Trading can be approached in a multitude of ways, based on your objectives, tastes, and available funds. In order to take advantage of the market's long-term trends, some traders choose to maintain their holdings for months or even years. We refer to these traders as position traders or investors. Some traders would rather trade more frequently and profit from the market's short-term fluctuations. We refer to these traders as scalpers or day traders.

There are two other categories of traders who concentrate on the market's medium-term vision in between these two extremes. These traders go by the names swing and intraday traders. Swing traders hold their deals for a few days or weeks, whereas intraday traders open and close their positions inside the same trading day. Both swing and intraday trading offer benefits and drawbacks of their own, as well as varying tactics and methods.

You will discover how to become a profitable intraday and swing trader by reading this book. You will learn the fundamentals of swing and intraday trading, as well as how to use them in a variety of financial markets. Along with learning how to execute and manage your trades profitably, you will also learn how to create a trading plan and strategy that fit your goals and personality. Along with learning how to master the psychological aspects of trading, you will also learn how to assess and enhance your trading performance.

This book isn't a quick-rich plan or a secret recipe for financial success. Trading is a serious industry that calls for perseverance, commitment, and never-ending education. This book is intended to give you the fundamental information and abilities you need to begin trading, as well as to assist you in avoiding the typical errors and traps that a lot of traders encounter. That being said, this book does not replace your own judgment and experience. In the end, you are in charge of your own trading choices and outcomes.

Furthermore, this book is not an all-inclusive reference that addresses every facet and nuance of trading. Trading is a broad and intricate topic that takes a book to adequately discuss. In addition to introducing you to some of the most efficient and tried-and-true strategies and tactics you can employ to profit from intraday and swing trading situations, this book aims to provide you with an overview and framework of intraday and swing trading. That being said, your learning experience does not finish with this book. It is always a good idea to read more books, articles, blogs, podcasts, videos, and courses on trading in addition to watching and picking up tips from other experienced traders.

Six chapters, each addressing a distinct facet of intraday and swing trading, make up the structure of the book. You will learn about the idea behind intraday and swing trading, as well as how they differ from other trading strategies, in the first chapter. Your trading goals, risk tolerance, and capital allocation are all defined in the second chapter, which also helps you develop a trading plan and strategy that will direct your trading decisions and actions. In the third chapter, you will learn how to use a variety of technical analysis, fundamental analysis, and market sentiment tools and approaches to find high-probability trade situations. The fourth chapter explains how to use position sizing, leverage, margin, and other order types to execute and manage your trades. In the fifth chapter, you will learn how to use feedback, statistics, and a trading notebook to assess and enhance your trading performance.