Someone vicious enough to risk his/her own money to get freedom.
A trader is a speculator in the market. Simply buys low and sells high and profit out of the difference.
Types
Category 01
- Institutional Traders (Smart Money) – well informed and has better trading tools.
- Retail Traders – less informed, usually get information from the institutional trader. Have good tools of trading, technological development favors us lol.
Category 02
- Technical Traders – those analyzing the market using technical, mostly the action of price and use of indicators.
- Fundamental traders – they base their bias from the economic events. Look on the data for interest rates, GDP, unemployment rates and make a speculation out of it.
- Sentimental Traders – these are signal followers, they don’t analyze but follow signals from the signal providers.
Category 03
- Position Traders – these hold trades the longest, take entries based on monthly or weekly time-frames.
- Swing Traders – they hold trades based on market swings of H4 or H1 time-frame. Hold for a few days or weeks.
- Day Traders – at the end of the day, any trades entered are already closed.
- Scalpers – the aggressive impatient traders. Aggressive in terms of lot size they use is big, and impatient in terms of the time they stay in the trade, #dakika sifuri 👌. A day trader can enter orders in the market many times a day, but not as many as a scalper.
Category 04
- Commercials: The hedgers, who stay on the other side of the trade.
- Non – Commercials: Large Speculators who enter large volumes of trading in the markets. They move the market.
- The Retail Traders: Orders are insignificant to move the market
