Tradingvärlden (whether we are talking about the stock market, Forex, or speculation in the foreign exchange market) can be divided into two basic groups. Those who are successful and actually make money and those with empty pockets, who often lose their life’s savings.
Each of the new investors start their life adventure, with a unique set of genes that determines whether we become pure trader, or how it will end.
This is a crucial question – what type of investor am I? Can I check a lot of stress? I use emotions or common sense? The intervals at which, and the instruments I choose?
One of the most popular choices. The main goal of any scalpers is to make dussuntals or hundreds of quick purchase and säljaffärer in the most liquid periods of the day.
Traders of this type spend time in front of the computer and is positive to the smallest range (mainly 1-min), which is characterized by high volatility, a large number of formations and systems. Quote skalpars like huge: ”every little helps makes a big on the”.
Scalpar not earn much, but with the proper management of the budget and smartly placed SL can lose a lot of.
Daytrader involved with stock trading on the short term, buying and selling shares during the day, and never at night.
They can’t spend so much time on the FX, but like a low range. The average daytrader believe in the Fibonacci and ”100% guarantee” indikators magic power, and trying to completely eliminate the human element of the transaction. They try to use common sense and apply the simple rules of technical analysis.
Swingtrader keep their transactions a few days. Swingtrading requires less time in front of the computer and instead spend more time on performing daily analysis on the basis of the decisions taken so far. They can thus draw conclusions for the future and predicting changes in the individual instruments and derivatives.
The exact opposite of scalpar and daytrader, which is considered to be one of the strongest mentally. They can in fact keep open transactions for weeks, months, or even years, to relive the atmosphere and the enormous stress incurred due to incorrect predictions.
Position traders are based in large part on the development – a clearly defined trend = more positions. They use graphs to analyze the maximum timeframe, and base their decisions on the news”bombs” and extensive technical analyses.
What type of trader are you?
Every choice has its pros and cons – but the most important is that you feel comfortable with what you do.
You must be honest with yourself and pinpoint strengths and weaknesses. Many years on the market will most likely change your view on the FX.
In order to determine which trader-style that suits you best, you can answer the following questions:
Am I disciplined? How can I change it?
Is I durable? Or maybe easily distracted by every little detail?
I have engod analytical ability?
Am I a warrior? Am I afraid of new challenges?
How long do you work?
Do you believe in yourself?
Are you afraid of new things?
You can make quick decisions?
Do you have a good memory?
Look at your answers. A good trader means much more than that. The road is long and arduous.