If you are day trading, you usually hold your position open anywhere from a few minutes to a few hours and generally not longer than a day - hence the name, “day trading”. A medium-term trader will look to get the general market direction right and profit from more significant currency rate moves. This kind of trading requires many of the same skills that a day trader would use, especially when it comes to entering and exiting positions. However it also demands a broader view on the markets, additional analytical work as well as much more patience. Chapter 3 and 4 provide you with the basic tools and knowledge to take your trading further.