Lecture 1.2:- In previous lecture we talked about "Financial chart analysis" and their two major types "Fundamental analysis" and "Technical analysis".
In today's lecture we will learn about (How to do Financial chart analysis).
Before learning Chart analysis we need to learn about types of traders, which is gonna help you to identify your trading type. Simply mean that what type of trader you are?
So here is a small break down:-
Types of traders:-
(i) Scalper:- A type of traders who is making money by scalping. In simple words they hold asset for seconds or for a minute.
(ii) Day trader:- Second type of traders who close all his/ her trades with in 24 hours in order to protect his/herself from potential losses.
(iii) Swing trader:- Those trader who are holding assets more then 24 hours and they may hold for few weeks but not longer then.
(iv) Position trader:- These traders hold their trades for weeks, months or for several years. They aim to get profit from Global trends etc.
I think it's enough for today.... I'll teach "How to do analysis on financial chart" in the next lecture. Don't miss!
So must learn about.
see you....