Sunday, September 9, 2018

What kind of Trader are you?

Before you invest in Stock Market you must know what kind of traders suitable to your time. To know what kind of strategy and style you will need . Some people are long term and short term investor.

1. Scalpers (Momentum and Trend Follower) - Hold onto for a few seconds to a few minutes at the most. their main objective is to grab very small amounts of pips as many times as they can throughout the busiest times of the day.

2. Day Traders - Usually pick side at the beginning of the day, acting on their bias, and then finishing the day with either a profit or you loss. These kinds of traders do not hold their trades overnight.

3. Swing Traders - are those people that line to hold on to trades for several day at a time. These type of Traders cannot monitor their charts throughout the day so they dedicate a couple hours analyzing the market every night to make sound trading decisions.

4. Position Traders - are those that have trades that last for several weeks, months or even years. These traders know that fundamental themes will be the predominant factor when analyzing the markets and therefore make their trading decisions based on them.

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