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      "body": "Forex, being one of the most popular trading instruments, has many approaches that traders utilize on a daily basis. Some traders use certain currency pairs that they know and prefer, researching for particular opportunities for the chosen assets. Others experiment with assets and timeframes. There is no right or wrong approach — no trading method will work for everyone, but there are some approaches that are more universally popular than others. The reason for this is the simplicity in understanding these techniques.\n\n![pexels-energepiccom-159888 (1).jpg](https://cdn.steemitimages.com/DQmSow5FDu2a8rRuFqWPgKTZpRfkVbpYUtSApJR9jpNcS1r/pexels-energepiccom-159888%20(1).jpg)\n\n Let’s look at the 3 common methods traders use on Forex.\n\n1) Day trading\nA method, designed for trading the market within the same trading day, implies that all of the deals are closed before the market closes. A trader opens a deal in order to follow a short-lived trend, then closes the deal and waits for the next short trend.\n\nThis kind of approach means that traders will not be charged with overnight fees and will receive the result of their trading within several hours. The length of such deals may vary from several minutes to several hours, but all the positions are closed before the market closes.\n\nDay traders normally heavily rely on technical analysis. There is little that a day trader can do with economic news, since the impact of fundamental factors will be reflected on slightly longer timeframes. It is often that traders use all sorts of Moving Averages combinations in order to identify the trend and enter a deal. \n\n2) Position trading\nMore patient, or, perhaps, more cautious traders prefer the position trading approach, which means that a trading position is held on a more long-term basis. Traders that favor this method normally aim to possibly take advantage of larger-scale market movements. Small price changes are irrelevant in this approach, since traders are focused on the bigger picture. \n\nSince the strategy is oriented on bigger price swings, traders generally look for fundamental factors to base their forecast on. A good understanding of how economic factors affect markets is crucial for traders that wish to exercise this approach. Most traders combine fundamental and technical analysis for better results, and many traders look for candlestick patterns such as Head and Shoulders in order to attempt to predict the market movements. \n\n3) Scalping strategy\nWhile it might sound laborious to some, active traders that prefer the process of trading itself, often turn to scalping as their main approach. This strategy implies opening multiple short (30 sec – 1 min) trades within the day, striving for the minimal outcome. \n\nSince the deals are so short, traders may use small investment amounts, but the flow of this approach is still risky, since deals can turn unprofitable and a trader can lose their whole balance in an attempt to recover.\n\nRegardless of the approach you choose, it is always better to test it out on the practice account first. Trying every strategy with practice money before utilizing your real funds is a good way to safely explore your trading preferences.\n\nIf you want to learn how to become a successful trader/investor in Forex & Crypto Market, Please checkout below :\n\nForex Trading Indicator :\nbitDOTly/37As8X7 (COPY and PASTE this in New tab and replace DOT with actual .)\n\ncrypto market :\nbitDOTly/3jm0b7T (COPY and PASTE this in New tab and replace DOT with actual .)",
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      "author": "steem.history",
      "body": "Hello welcome to Steemit world! \n I'm @steem.history, who is steem witness. \n This is a recommended post for you.[Newcomers Guide](https://steemitdev.com/guide/@steemitblog/steemit-a-guide-for-newcomers) and [The Complete Steemit Etiquette Guide (Revision 2.0)](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) and, recommended community [Newcomers Community](https://steemit.com/trending/hive-172186) \n I wish you luck to your steemit activities.<center> \n \n \n https://cdn.steemitimages.com/DQmXHwdcNs5VPcBft1iSosPdHLpBNBfjuG84g3ffWhMw5JQ/image.png \n <sub>(The bots avatar has been created using https://robohash.org/)</sub> \n @steem.history \n \n ### My witness activity \n - [My aspiration for STEEM witness](https://steemit.com/hive-185836/@steem.history/my-aspiration-for-steem-witness-1601280729) \n - Provides information on Steem.  \n [Reference](https://steemit.com/trending/hive-130095) \n - Supporting the Steem project. \n [SPUD4STEEM project](https://steemit.com/trending/spud4steem) \n - Supporting the community. \n [Newcomers Community](https://steemit.com/trending/hive-172186),[Steem Sri Lanka](https://steemit.com/trending/hive-133716) ,[WORLD OF XPILAR](https://steemit.com/trending/hive-185836), [GLOBAL STEEM](https://steemit.com/trending/hive-145160), [Scouts](https://steemit.com/trending/hive-181136), [Latino Community](https://steemit.com/trending/hive-188619) \n \n ### My featured posts \n - [The Complete Steemit Etiquette Guide (Revision 2.0) -Homage](https://steemit.com/steem/@steem.history/the-complete-steemit-etiquette-guide-revision-20-homage-1598425779) \n \n [![image.png](https://cdn.steemitimages.com/DQmd7of2TpLGqvckkrReWahnkxMWH6eMg5upXesfsujDCnW/image.png)](https://steemlogin.com/sign/account-witness-vote?witness=steem.history&amp;approve=1) \n <sub>please click it!</sub> \n \n ![image.png](https://cdn.steemitimages.com/DQmWDnFh7Kcgj2gdPc5RgG9Cezc4Bapq8sQQJvrkxR8rx5z/image.png) \n <sub>(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)</sub> \n \n </center>",
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      "body": "Your actions to the trading market dictates your market strategy. So who are you: a trader or an investor? probably both? Is there any difference between them? Understanding the differences between investors and traders is important because it probably prevent you from following a wrong approach and making repeated mistakes. It may also allow you to pick certain characteristics of each approach and combine them.\n\n![1.jpg](https://cdn.steemitimages.com/DQmTQRvngDBou2PAtC89Scq4PwK7ix1e5Dn5T1WPsknQn5Z/1.jpg)\n\nGenerally, investors are focused on long timeframes. They usually focuses on market fundamentals and diversification. Their goal is to build a portfolio over time, investing in stocks, bonds, mutual funds and other investment instruments. \n\nUnlike investors, traders make short-term deals, which naturally means a larger amount of transactions. Usually traders main goal is to generate an outcome that may be compared or even exceed the outcome of long-term investing, without waiting for several years. Traders seek much higher returns, however, they are associated with higher risk as well.\n\nNo matter what choice you make, base it on your personal preferences and risk tolerance but don’t forget to evaluate all of the pros and cons of each option.\n\nIf you want to learn how to become a successful trader/investor in Crypto & Forex Market, Please checkout below : \n1) crypto market :\n     bitDOTly/3jm0b7T (COPY and PASTE this in New tab and replace DOT with actual .)\n\n2) Forex Trading Indicator : \n     bitDOTly/37As8X7 (COPY and PASTE this in New tab and replace DOT with actual .)",
      "json_metadata": "{\"tags\":[\"crypto\",\"forex\",\"trading\",\"investing\",\"tradervsinvestor\",\"cryptocurrency\",\"forextradingindicator\",\"tradingforbeginners\"],\"image\":[\"https://cdn.steemitimages.com/DQmTQRvngDBou2PAtC89Scq4PwK7ix1e5Dn5T1WPsknQn5Z/1.jpg\"],\"app\":\"steemit/0.2\",\"format\":\"markdown\"}",
      "parent_author": "",
      "parent_permlink": "crypto",
      "permlink": "trader-vs-investor-differences-and-similarities",
      "title": "Trader vs Investor : Differences and Similarities"
    }
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      "memo": "❗ Hello cryptonforex, welcome to the STEEM ecosystem. The Executive Board is publishing insider infos at https://discord.gg/KyBbmhh on how you will be earning the most coins. It's easy, just follow the instructions. THE 1000X BOOSTER KEY is already waiting for you over there too. 😉 Warm regards, The Executive Board.",
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