write about the three types of trade
Answers
For e.g. a trader from India purchase goods from a trader located in China. Entrepot Trade : When goods are imported from one country and then re-exported after doing some processing, it is called entrepot trade. In brief, it can be also called as re-export of processed imported goods
Answer:
Breakout trade
Pullback trade
Reversal trade
•The Breakout Trade
A lot of traders are looking to trade breakouts. Those trades are usually characterized by a strong continuous movement in a direction. Some traders call it an acceleration because the movement is fast.
•The Pullback Trade
In my experience, Pullback trades are usually more reliable because the retracement back to a previous price level represents a certain confirmation.
As I said, a pullback trade is characterized by a retracement, usually to the previous support or resistance zone.
•The Reversal Trade
A lot of traders feel like executing Reversal trades consist of “calling a top” or “calling a bottom”. This isn't necessarily the case. In fact, the entry price of a reversal trade is often in a previous zone of support or resistance. From all the types of trades, I like the reversals since they usually are easy to spot. They take place in a ranging market.