Chat and Discuss trades, live analysis and unbiased views with other members about the Markets.
Here at Leveltraders we specialize in technical analysis, come and check out our advanced charts showing key support/resistance levels and trendlines.
Want to improve your technical analysis? Have a look at the key charting patterns and candlesticks to look out for, plus we also show you our unique gap theory.
Day/swing trading is a technique employed by traders who look to make money by going long or short on any market or stock. Day traders will look to exit a position within the very same day whereas swing traders will plan to hold a position for a few days or weeks.
Key traits to become a good trader -
- Always utilise good risk management; a 1:3 risk:reward ratio whilst only risking 5% of your capital on any one position, trade within your means and do not over leverage.
- Controlling ones emotions, do not let greed or fear get the better of you.
- Being very patient and believing in your trades as profits do not come overnight.
- Don’t chase trades if you feel you may have missed a good opportunity; there are plenty of opportunities on a daily basis.