Trading styles

Position trading

Position trading is a longer-term trading style in which a trader holds a market position for weeks, months, or occasionally longer, seeking to benefit from a sustained directional move. It relies less on intraday price changes and more on a broader market view and risk limits.

What Position trading means

A position trader may base a decision on economic conditions, interest-rate expectations, valuation measures, long-term technical trends, or a combination of these inputs. The label describes the intended holding horizon, not the instrument or level of risk. A position can be long or short, and leveraged products can magnify gains and losses.

Longer holding periods make carrying costs and prolonged adverse moves more relevant. In forex and CFDs, swap rates or overnight financing may be applied repeatedly. A position can also remain exposed through weekends, holidays, policy announcements, and changing correlations, even if day-to-day price movement appears limited.

A trader sells AUD/USD at 0.6800 with the intention of holding for several months because of a broader macroeconomic view. If the trader later buys it back at 0.6500, the gross move is 300 pips. This simplified result excludes position size, spread, financing, and any stop execution difference.

Common questions

How is position trading different from swing trading?+

The distinction is mainly the intended holding horizon. Swing trading generally targets moves over days or weeks, while position trading usually seeks larger moves over weeks, months, or longer.

Does position trading avoid short-term volatility?+

No. A longer-term view does not prevent short-term losses. It means the trader intends to tolerate or manage interim price movement according to a longer-horizon plan.

Go to the original material.

01CME Group: Trading costs in FX markets02Bank for International Settlements: CIP, FX swaps, cross-currency swaps and the factors that move the basis