Perspective: Scalper vs Swing Trader

Haha. I know this is an old forex meme. But it still makes me LOL. It’s a matter of perspective: scalper vs swing trader. I personally believe as a trader you have to be able to trade all styles, time frames and financial instruments. You’ll most likely hone down to a specific style, time frame and instrument of choice – which is only natural. However you need to understand other styles and need to to be flexible.

I started off scalping, trading the 1 and 5 minute charts. Now I mainly trade the dailies and at times drop down to the lower time frames for quicker trades and entries. I can take trades of 15 minute charts or even monthly time frames. I don’t call myself a swing trader or a scalper. Just a trader.

Happy Independence Day! Here’s to consistent and profitable forex trading!