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Business / Finance

The types of traders in the Forex market

MQL5: Blogs Traders 17.08.2017 at 20:34

Blogs traders and analyst of financial markets

Do you think what distinguishes a good trader from the great? Maybe intuition, intelligence, herding instinct? Maybe the difference is that they choose a completely different time or difference in something else? The answers are all correct. Just there are different types of Forex traders and each of them has its own characteristics, your habits, your period of time.

Time is a crucial factor in the Forex market, but very often, novice traders ignore this important factor. Want to become a great Forex trader? Then find out how the time periods used in their own interests.

In the dictionary of a Forex trader all terms and symbols are too different and difficult moments, but if we talk about time, it is broader and more generalized category. So here they are:

1. The day trader

Distinguishing features: This type of the trader Forex trading throughout the day. Such market participants do not hold their positions after the session was closed.