#TradingTypes101 There are several types of traders, classified according to their style, time horizon, and strategy. Here is a list of the most common ones:
đ According to the time horizon:
1. Scalper
Makes many quick trades (minutes or seconds).
Seeks small consistent gains.
Requires high concentration and good execution.
2. Day Trader
Opens and closes trades within the same day.
Avoids leaving positions open overnight.
Uses technical analysis and immediate news.
3. Swing Trader
Holds trades for days or weeks.
Based on market patterns and cycles.
Requires patience and technical/fundamental analysis.
4. Position Trader (or Trend Trader)
Trades long-term (weeks or months).
Focuses on large market movements.
Uses fundamental analysis and macroeconomic trends.