Trader Dale Volume Profile
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Finding your style<br />
Long-term investments<br />
Long-term investing is good for people who don’t want to sit in front of the computer all day.<br />
There is also no need to be careful about the standard daily news because they aren’t that<br />
significant to change the course of a long-term trend development. Big financial institutions<br />
operate a lot on the higher timeframes (weekly to monthly), and therefore the volume-based<br />
strategies work pretty nicely there.<br />
My preferred timeframe for analyzing long-term investments is from weekly to monthly. Even for<br />
long-term investments, the volume-based trading setups are still the same. The logic behind the<br />
setups is still the same, even if you are doing your analysis on a monthly chart.<br />
Trading instruments for long-term investments<br />
Spreads and commissions are absolutely negligible here so you can trade any instrument you<br />
want, be it forex, stocks, indexes, cryptocurrencies, futures...<br />
If you trade currencies, there is one thing that you need to be careful about though. The thing is<br />
the swap. A swap/rollover fee is charged when you keep a position open overnight. A forex swap<br />
is the interest rate differential between the two currencies of the pair you are trading, and it is<br />
calculated according to whether your position is long or short. If your swap is positive, then you<br />
will be given a small amount of money every day you hold the position. If you swap is negative,<br />
you will be charged a small fee every day. If you hold your position for months, a negative swap<br />
can become quite irritating, especially if the price goes sideways for months without making any<br />
significant movement.<br />
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