Business

Here are Some Types of Trading Strategies Present for Forex

Published

4 years ago

November 3, 2020

As we know, Forex, FX, or Foreign Exchange deals with international currency trading. The process involves buying one currency and giving another for speculation. There can be a rise and fall in the values of currency with factors such as geoeconomics and geopolitics in effect. The forex traders’ concern is to profit from the change in situation anyhow.

So knowing the forex strategies is helpful to employ the right one at the right time. So let’s take a look at the various styles of trading-

The scalpers

Scalpers hold onto pips for a short duration from just a few seconds to minutes. Their main aim is to grasp small amounts of pips as frequently as possible during the heat of trade during the day- which lasts for a few hours in a day for Forex traders. So they are into a large amount of trading and make many small profits on individual trades. They try to profit from each trade with at least 5 to 10 pips. So the scalping strategy engages the trader throughout the day, making it a full-time job. The prediction has to be made fast to where the market is going, and the open position must be closed within seconds.

Day trading

The day traders begin at the start of the trading day and choose their side and end the day with profit or loss. The day traders do not clutch onto trades overnight. That means they get to avoid rollover or overnight fees from brokerages like eToro (you can click here to know more about eToro fees courtesy of Wikitoro). Day trade like scalping is a short term trade, but the duration is longer, and the day traders hold onto a single trade and close it at the end of the same day. The day traders spend their time analyzing executing and monitoring a trade. They keep abreast of information and round the globe changes, economic news, and study the charts to be able to choose the right direction. They get to the results of profit or loss at the day end. There are different types of day trading-

Trend Trading [Day trading]

Trend trading is when the traders study the chart in its long period of time, and they can conclude the overall trend. They move onto a shorter time frame chart and find opportunities in that trend’s direction. The Cowabunga System is employed. This mechanical trading system filters out trades based on a four-hour chart with aid of indicators such as EMAs, Stochastics, RSI, and MACD they trade based on a 15-minute chart.

Counter Trading [Day trading]

Similar to Trend trading only after determining the overall trend the trades are searched, but in the opposite direction. The concept is to get in early, at the end of the trade just before the trend begins to reverse. A bit riskier but the payoffs are great.

Breakout Trading [Day trading]

After studying for a few hours the range that a pair makes during the day and then trades are placed on either side so that breakout can be caught in either direction. When the pair has been tight for a while- support and resistance have lasted strongly, it indicates that it will soon make a huge move. The idea is to catch the wave when the move happens. After studying the entry points are set at above and below the levels of a breakout. The preferably same amount of pips should be targeted to define a range.

Swing trading

The traders keep the trades on for several days at a stretch. They don’t monitor the charts all day long but instead study them at night to make the right decisions and are with it where the global economies are concerned. In swing trading, the swings are identified in the medium-term trend and the trader enters only at high chances of winning.

The trader buys (go long) at “swing lows,” and the opposite is true when selling (go short) at “swing highs.” They make use of the short-lasting countertrends. The trades last for more than a day, so bigger stop losses are needed to persist volatility. A money management plan is a must. During the holding time, many trades go against due to fluctuations in prices in shorter periods, swing trader keep calm and trust the analysis. The trades are larger, so spreads don’t impact the overall profits. So, in this case, trading pairs with lower liquidity and larger spreads are fine.

The position traders have trades that have been on for weeks, months, or even years. The fundamental themes that govern currency trends are employed to analyze markets and make trading decisions. Swing Traders have a good insight into economics data that affects the future of the country. The stop losses are large because of holding onto trades for long periods.

Transition trading

Transition trading is studying the market and entering the trade on a lower timeframe. If the market is favorable, the target profits should be increased or track the stop loss on a higher time frame. The advantages are that you would get immense profits. It lowers your risk as the entry is made on a lower time frame. The disadvantages are that only a few of the trades would be big winners. The understanding of multiple timeframes is a must.

Business

Mega Construction Projects That Relied on Advanced Crane Technology

Published

2 weeks ago

February 21, 2025

Matthew Wiles

When it comes to large-scale construction projects, the right equipment can make all the difference. From towering skyscrapers to massive bridges and complex infrastructure developments, cranes play a crucial role in lifting, transporting, and positioning heavy materials with precision and efficiency. As technology has advanced, so too has crane engineering, allowing for safer and more ambitious builds. In the points below, we take a closer look at some of the world’s most impressive mega construction projects that relied on cutting-edge crane technology to bring them to life.

Burj Khalifa – Dubai, UAE

Standing at a staggering 828 metres, the Burj Khalifa remains the tallest building in the world. Constructing such a colossal structure required cranes that could operate at extreme heights. Specialised luffing-jib tower cranes were employed to lift materials hundreds of metres into the air, battling high winds and desert heat. These cranes were anchored to the structure itself as it rose, ensuring stability and precision throughout the build.

Sydney Metro – Australia

As Australia’s largest public transport infrastructure project, the Sydney Metro has transformed the way people move around the city. The project required massive tunnel boring machines (TBMs) to carve underground routes, but just as critical were the cranes used to transport and position enormous precast concrete segments. Mobile and crawler cranes with advanced hydraulic systems played a key role in assembling stations and track infrastructure with minimal disruption to existing road networks.

Hong Kong-Zhuhai-Macau Bridge – China

This engineering marvel, stretching 55 kilometres across the Pearl River Delta, is one of the longest sea crossings ever built. Given its scale, floating cranes with immense lifting capacity were used to position pre-fabricated bridge sections. Some of these cranes had lifting capabilities exceeding 3000 tonnes, demonstrating the sheer power and precision required for such a complex marine project.

The Panama Canal Expansion – Panama

The expansion of the Panama Canal was one of the most ambitious infrastructure projects in recent history, involving the construction of massive new lock chambers. Gigantic gantry cranes were used to install the enormous steel lock gates, some weighing over 3000 tonnes. These cranes had to operate with pinpoint accuracy to ensure the seamless functioning of the canal’s new locks, allowing for the passage of larger vessels.

Hinkley Point C Nuclear Power Station – UK

The construction of this next-generation nuclear power plant has required some of the world’s most advanced heavy-lift cranes. The site features one of the largest land-based cranes in the world, capable of lifting reactor components that weigh hundreds of tonnes. These high-tech cranes have been crucial in ensuring the safe and efficient assembly of the plant’s intricate infrastructure.

The Role of Advanced Crane Technology in Modern Construction

Each of these projects would have been impossible without the evolution of crane technology. Innovations such as digital load monitoring, autonomous operation, and enhanced safety systems have allowed cranes to handle heavier loads with greater precision than ever before. For companies tackling complex construction projects, working with an experienced crane hire provider is essential. Businesses like Sventek Cranes offer cutting-edge crane solutions, ensuring that even the most ambitious projects can be completed safely and efficiently.

Mega construction projects continue to push the limits of engineering and design, and advanced crane technology remains at the heart of these achievements

Whether it’s lifting components for a record-breaking skyscraper or positioning bridge segments over open water, cranes will always be an integral part of building the world’s most remarkable structures. By leveraging state-of-the-art crane systems, today’s construction industry is making the impossible possible – one lift at a time.