Position trading

Position trading

Position trading is the longest-term trading style that requires a good understating of fundamentals, an exceptional gut feeling as well as a good foresight into how price will fluctuate in the long-term. It’s a trading style for traders with steel nerves and angelic patience, those who don’t mind waiting for long periods of time for their well-deserved rewards.

The primary goal of position traders is to benefit from the dominant trends rather than from short-term market fluctuations.

Normally, position traders are not only extremely smart but also very wealthy. To withstand substantial troughs and swings of prices, any position trader needs to have a sizeable account.

Position traders are the independent thinkers. They carry conviction in their view and tend to ignore random market fluctuations that might frighten away less confident players.

Example of a trader

Warren-Buffett.png

Warren Buffet is the first who comes to mind when we think about the most prosperous market participants executing long-term trades. He is a legend and one of the wealthiest men in the world. He is widely known as the most successful investor and has been a position trader in FX market since 2002. That time Buffet sold the US dollar arguing that it was to fall because of America’s trade deficit. The next few years were successful for him, but in 2005 the US currency went up and Buffet decided to exit his short USD position. As a result, he earned $2 billion on the trade. Had it not been for the USD advance in 2005, his profit would have been $1 billion higher.

Latest news

American shares are mixed

On Friday, American shares were mixed after the settlement because profits in the Telecoms, Oil & Gas, and Utilities sectors underpinned equities…

Greenback is affected by cautious Clarida remarks

On Friday, the evergreen buck declined versus its counterparts due to the fact that Fed Vice Chairman Richard Clarida expressed concerns as for global surge and came up with quite dovish remarks on monetary policy…

Euro zone inflation reaches six-year maximum in October

In October, euro zone inflation demonstrated its fastest tempo for almost six years, powered by energy prices…

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