Hello Traders, here is an educational Traders Profile
Know your Profile!
Before we start - Let me know if you have any comments or questions, Your Support is Appreciated!!
Which Trader Are you??
TRADER PROFILES & TRADE TYPES
Trader profiles are very different and will dictate what type of trader are you going to become her with Global Fx Education ©
THE SCALPER – the scalper, often keeps trades open for a brief period and trades the market in times of very high volatility.
THE DAY TRADER – the day trader closes all positions at the end of every day, with each day as a different trading day.
THE SWING TRADER – this swing trader will keep trades open for days at a time and makes a profit from wide swings in the market.
THE POSITION TRADER – The position trader who holds positions open the longest of all traders. Once an investment is made, the position could be kept open for months or even years.
Let me Explain In Detail here :
EXPLAINED 👇🏻👇🏻
THE SCALPER : Scalping is high risk, high reward trading strategy used by expert traders. The trading day is full of volatile periods which requires scalpers to continually monitor the charts for a good time to exit the trade. It is very high pace trading, with many small trades opening and closing all the time. Scalpers usually trade the openings of major markets.
THE DAY TRADER : Day trading is slightly less risky than scalping and ideal for those who like to see their profit at the end of every day. This strategy is not for newcomers, and not for traders who hope to leave their trades unattended while at work. This option is also good for traders who can not trade every day of the week but can still commit a full day to their trading.
THE SWING TRADER : Swing trading is a better setup for the beginner trader. Progress will be visible in your account over a couple of days. Swing trading is an opportunity for a trader to set up fewer but better trades, which suits a trader who is still learning. If you are making longer trades, hoping to make a profit from swings in the market, make sure you have a well-funded account so you don’t get a margin call by your broker at a time when closing your trade could mean a loss on your account.
THE POSITION TRADER : Position trading is for someone who has limited time, and more ideal for those who spend long hours commuting that can be used for research. The downside of position trading is that much of the time your capital is going to be locked up in trades, so it limited your ability to jump on explosive trends to make a quick profit.
Much Love!
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