Rating: Full Star Full Star Full Star Full Star Full Star
Type of Traders
Previous 1 2 3 4 5 6 Next
richestfx

Member Since Apr 20, 2017  9 posts richestfx Apr 26 2019 at 12:16
MotoGP posted:
You for forgot 'profitable trader' but maybe that is because there are so few people that fall into that category!!!!


all trader newbie or not will be profitable person, but no consistency...lolgrin

Be Grateful and Happy always
richestfx

Member Since Apr 20, 2017  9 posts richestfx Apr 26 2019 at 12:17
Mohammadi posted:
Each the trader has a choice of the broker to be used, should the trader can choose a broker that is more appropriate to the concept of trading that will be sued, if you love scalping , should choose the broker which allows trading concept such as this.


I agree with you, i have some note about it... i will post later about it...thank you brothersmiley

Be Grateful and Happy always
richestfx

Member Since Apr 20, 2017  9 posts richestfx Apr 26 2019 at 12:18
Saif59 posted:

But how do you find such traders. All the ones that I try are just 'scam traders'


there are some way how to determine they are scammer or not, i have on my words, i need to make it complete and post it here for all to learn

Be Grateful and Happy always
richestfx

Member Since Apr 20, 2017  9 posts richestfx Apr 26 2019 at 12:18
tracydavison posted:
hi good to meet you too! great thread


thank you....nice to meet you smileysmiley

Be Grateful and Happy always
ScottyCarsonMVP

Member Since Feb 10, 2019  54 posts ScottyCarsonMVP Apr 30 2019 at 14:44
richestfx posted:
Mohammadi posted:
Each the trader has a choice of the broker to be used, should the trader can choose a broker that is more appropriate to the concept of trading that will be sued, if you love scalping , should choose the broker which allows trading concept such as this.


I agree with you, i have some note about it... i will post later about it...thank you brothersmiley


Yeah agreed

lavis_book

Member Since Jul 09, 2019  34 posts lavis_book Jul 19 2019 at 06:40
There are various kinds of traders prevalent in the market. I will just take you through a quick gist of all these traders.

Some traders can be differentiated on the basis of their position in the market.
1.Scalpers – they trade for an extremely short period f time, making profits over the short term price fluctuations. They make profits by making multiple trades, each giving them a small profit share.
2.Day Traders – they aim for short trades and focus on immediate trends rather than long term trends. They basically earn profits on volumes.
3.Swing Traders – these are the traders who hold trades for a medium term, say for a few days. There open positions and capital requirements are way more than the above two types of traders.
4.Position Traders – these are the traders with the highest capital requirements as they hold their positions for longer periods, till for years.

Another set of traders is based on their psychology of trading.
1.Greedy Traders – their sole motive is making money and for that they can risk their entire holdings.
2.Trend Traders – they just ride a trend and make money. These traders would buy high and sell even higher. They do great in the long run.
3.Scared Traders – they are really cautious about making any losses and do they immediately close a position by taking a little profit only, if they think that an opposite price movement awaits.
4.Prophet Traders – their only motive is to predict the market well and then let everybody know about it. They predict prices with the help of charts and their experience.

smith_fx

Member Since Jul 09, 2019  25 posts smith_fx Jul 24 2019 at 10:00
Traders can be classified into 5 types :
    1. Fundamental trader – He is a trader who focuses on company specific events to determine which stocks to buy and when to buy. It is based on logic and facts.

    2. Noise trader – It is a style of trading in which decisions to buy and sell are made without the use of fundamental data related to a specific company. They make short term trades to profit from various economic trends.

    3. Sentiment trader – These traders seek to identify and participate in trends. They try to identify securities that are moving with the momentum of the market. They use both fundamental and technical analysis

    4. Market timers- These traders try to guess which direction the security will move to profit from such movement,. They generally use a technical indicator or economic data

    5. Arbitrage trader- These traders simultaneously buy and sell assets to profit from price differences of similar financial instruments on different markets.

Minhthang2603

Member Since Mar 05, 2017  20 posts Thang (Minhthang2603) Jul 31 2019 at 10:19
richestfx posted:
Hello all, nice to meet you smiley

While learning to become a trader, I see and pay attention to the kinds of traders that I have met. Of course, this is something subjective, something that is local. Because of my observations only in the environment where I live. And this article does not mean to anyone.

1. IB trader
Claiming to be a trader, but only looking for people who will join the affiliate. Earn money from affiliate commissions. Usually can not trade, but know a lot of knowledge, have a wide network of friends and when asked about brokers, then he will turn out to be a salesman and ready to help the client.

2. Trader Trainer
The main income of a trader trainer is from a class, the more participants join in the class the more rich and credible the trainer is. Usually their words are wiser and convey something in a typical language. Some trader trainers cannot trade on their own, the percentage is 50:50.

3. Automatic Trader
Characteristics of an automatic Trader is always busy, hard to listen to explanations, especially related to technical or fundamental trading, has lots of EA stock and usually experiences huge losses.

4. Trader's Manual
Nearly 99% of traders in the world always start from manuals, then switch to being a trainer or automatic trader or IB trader, because the process of becoming a professional manual trader is very long and winding. A manual trader has a patent system that will be used during the transaction, not easily affected and usually tends to be more silent. They like to share techniques if it feels it's time to share.

5. Trader commentator
It is not clear whether they had a real account or not, usually they only tried a system and compares the system, then bullying the existing systems. Usually they often appears in forums with a sloppy style and at will.

6. Generous traders
This is the best in my opinion, because They had extraordinary determination, 'deposit only no withdrawal' .... like to share knowledge, like to go to seminars, like trying new things without burden and without thinking, because for him the funds are not a problem .

7. Greedy trader
An opportunistic trader, but still wise, usually they will say, 'being a trader don't be greedy enough to be adjusted with ability', but in fact he is also an IB, a robot seller, a local depositor and not even a little opening class by paying which is quite expensive to participants, not only that sometimes they also claim to be fund managers. Usually they are always showing off with what they get as proof that he is a great trader.

8. Uncapital trader
Traders like this usually sell the concepts and trading results of other people, then expect to become investors, thus what he trades is the money of others, who will later earn income from profit sharing. BUT, it is different from a fund manager who does have a financial management company.

9. Trader Analyst
Almost similar to a trader trainer, the difference is that most analysts are silent and don't open classes. Their analysis has a special mindset with its own data and tools.

   do you agree with me?

                                                                       Which one is you?grin

Hopefully it adding insight to you,if there are many bad words more or less I apologize, because I am just a human must have a mistake, because only God is the perfect one.

good!

Mohammadi

Member Since Aug 11, 2017  758 posts Mohammadi Aug 02 2019 at 06:11
There is anybody who has 0 pips trading spreads , as a scalper now I am looking for 0 pips trading spreads which is the key to success for scalping that brings profit in a short time than other trading strategies in Forex.

BallyLemur

Member Since Aug 02, 2019  11 posts BallyLemur Aug 02 2019 at 12:10
Mohammadi posted:
There is anybody who has 0 pips trading spreads , as a scalper now I am looking for 0 pips trading spreads which is the key to success for scalping that brings profit in a short time than other trading strategies in Forex.


Even with 0 pips spreads it is possible to lose money scalping. And even if you get 0pips spread then there will be commission that will eat any profits

Previous 1 2 3 4 5 6 Next
Loading
Loading
EURUSD 1.16194 GBPUSD 1.27545
USDJPY 105.563 USDCAD 1.33847

Tools

Community

Reviews

Brokers

Platform

Support


Twitter |  Facebook |  Site Map  |  Terms  |   Privacy Policy
©2020 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.