The Road to Successful Trading

Round-the-clock trading 
 
If you are unable to trade at work, find a type of investment vehicle that won’t interfere with your 
work. For example, many markets now trade 24 hours a day somewhere in the world. . If you trade 
foreign markets, you will need to have a solid understanding of how to place orders properly which 
will guarantee execution as per your directions. Additionally, if you trade on foreign markets, you 
must make sure you know all of the rules, regulations and legal recourse if a problem arises. It is 
fairly common for part time traders to trade foreign markets through their broker where the trading 
day opens well after a trader in the USA comes home. Consult with your broker to find out what 
markets you can trade on and understand the type of trading you can do on those markets.
 
Trading Style 
Depending on several factors such as time available to trade, amount of capital and the personality 
of the trader, there are several main “styles” of trading. Sandy Jadeja describes the most common 
styles as: 
• 
Position Trading is where you would hold your trades from a few days or weeks to a few 
months. This is ideal if you cannot watch the markets all day and want to avoid entering and 
exiting markets frequently. However, as markets become more volatile this is considered to 
be more risky as you are also open to adverse overnight movements and unpredictable 
events. 
How to Design and Construct An Effective Trading Plan 
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• 
Swing Trading is becoming increasingly popular as traders look to capture short term 
movements lasting from two to five days. Although this has more frequent trading activity 
than position trading, one can also look to profit from both the up and down movements of 
the market within a short period of time. 

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