Going long is market lingo for creating a position where you benefit from rising prices. When you go short, you profit from falling prices. Here's everything to know about going long and short.
Here are some of the most common terms or jargons that market players often use to describe various aspects of the market.
Selecting the right timeframe is important to succeed in trading. And there's no one answer to the right timeframe. It depends on each trader's style, time commitment, temperament and risk appetite.
The idea behind a multi-timeframe trade is to identify trends in the long-term time frame and accordingly spot appropriate entries or exits in the shorter-term frame.
Considering risk is important even before a trade is initiated, as the return is a multiple of risk. This is where risk management comes in handy.
Scaling reduces the risk of loss if the trade goes against expectations and helps while booking profits, as multiple exits help pocket deeper profits.
Slicing involves breaking down a larger order into several smaller orders to avoid disclosing the full order size, while Pyramiding is one of the old trading strategies where more positions are added to the existing positions.