Type of Traders

We all know that, risk is a common factor in forex trading. From beginner to professional every trader has to face the losses. Those who can not cope up with loss are not suitable for the forex market. A trader should know all the tools and techniques to recover his losses. It s quite impossible not to having loss in forex trading. Loss is a must element in forex. But you can minimize the loss and by your trading technic you can convert it into profit. For that you need to have proper knowledge about forex. You can open a demo account to measure your knowledge and it will help you to find out all the problems of yours and give suggestions. I am trading with Tpglobalfx. They always help me to minimize the loss and also help me to recover my losses and make profits easily.

togr posted:

richestfx posted:
Hello all, nice to meet you 😄

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?😀

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.

It is a goog list.
I would add type: Master of the universe. Not having a single trading account published yet knows everything and chat everywhere :)

Most Likely Manual and beginning for now

I am a technical trader. I know that the EUR/USD moves in a range most of the time. Very high volatility time because of the coronavirus pandemic. Very good for swing trades right now.

smith_fx posted:
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.

Thanks for sharing the types.

Tygotaylor posted:

smith_fx posted:
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.

Thanks for sharing the types.

I can identify as a noise trader perse but not sure about sentiment. I know that when certain pairs are up then the opposite occurs and especially after the bill for covid19 that stocks increase I was watching the dow numbers closely. If this makes me sentimental then cool

richestfx posted:
Hello all, nice to meet you 😄

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?😀



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.

You points so valid

Points so valid

Brahma23 posted:
We all know that, risk is a common factor in forex trading. From beginner to professional every trader has to face the losses. Those who can not cope up with loss are not suitable for the forex market.

I agree with this, losses are an important part of trading and everyone who wishes to see success in this field should know how to handle failure well.

If will be emotional when you encounter loss in fx, then quit.

learning can be useless if there is no regular practice

How about this, I work In the financial market

JapaneseGroupFx posted:
How about this, I work In the financial market

so you are not trader, right

While all this a lot of fun absolutely and possibly. We really need to make sure that everyone is individual and that's why all this new strategies even appear in our world, and do not take in account some ability for that.

some fines got from your post. thanks Sir for your nice reply, r

Now I am with small leverage ratio in demo account as a newcomer. I am very much sincere about using leverage , because I have seen mostly traders who are particularly newcomers fall a great loss in live account due to lack of real money managing plan.

leverage is important , but dont trade witrh high, because it can vanish your balance withihn very short time, if there is no money management.

Roberto21 posted:
Now I am with little leverage ratio in the demo account as a newcomer. I am very much sincere about using leverage because I have seen mostly traders who are particularly newcomers fall a great loss in the live account due to lack of real money managing plan.

Very true and using 100us is not good I see some come with 100us and get 3500 but ya don't see them years afterwards. Good for you

From the list, I would say that I fit in Trader's Manual...I started it off by learning and reading more about forex trading before starting it with a real account...it is good to know there are different types of traders.

I am a scalper and always have to depend on this short time trading approach, but it causes a great risk sometimes. Have anyone a great idea how can I minimize my risk when scalping?