Orignal Post :- Forex Useful
Types Of Trader
There are a number of different types of Trader and the category they fall into is largely determined by the chart time frame they trade.
Scalper
Trades the Tick or 1 Minute chart and tries to catch quick moves in the market. In and out in less than an hour, sometimes minutes. Trades a few times an hour, these guys enjoy lots of action.
Day Trader
Trades the 5 – 15 Minute chart and tries to catch the market move of the day. In and out in the same day and usually less than a couple of hours. Trades a few times a day, these guys enjoy lots of screen time.
Swing Trader
Trades the 1 Hour or 4 Hour chart, also known as Trend trading. In and out in a few weeks but some trades can run for months. Trades a few times a week, these guys are quite relaxed.
Position Trader
Trades the Daily and Weekly charts and takes a long term perspective. Positions are often left to run for months, sometimes years. Trades a few times a month, these guys also observe the fundamentals.
Summary
If you enjoy lots of action become a Scalper. If you enjoy lots of screen time then it’s Day Trading for you. For a more relaxed approach try Swing trading and if you are into fundamentals Long term Position Trading will be your choice.
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