Types of Trades

There are only two types of trades

• Winning trades.


• Trades where you pay for information.

does that mean that you shouldn't pay for information?

No, it means that if you lose, look at it like you paid for information that you can use, either in the next trade (you paid for information about the current market, like a poker player sometimes pays just to see the opponents cards for the info that gives them), or in your learning experience. Right, DT?

That is correct.

But there is no logic to pay for lossing trades

I think what they are saying is...if you have a losing trade, view
it as if you had paid someone that same money to teach you..

It's like on the job training

Learn from winning trades and losing trades

There are four type of trades

1. Breakout/Breakdown
2. Retracements
3. Reversals
4. Rangebound Fades

I like breakout/breakeven the most... don't get much much adrenalin that that, though retracements are interesting too.

Scalping... any trader who hold an assets for a minute or more
Momentum... trader who always find out stock which are moving significantly. It mean they always use those currency or stock which can lead to get high profit
and most famous traders types are fundamental trader, swing trader and technical traders.

You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best

which one is more profitable?

Both are profitable, if you have experience ;)