There is a lot of professional trader in this world.
Different kind of trader means they trade differently. There are two big group
of trader in the world. One is profit trader and another one is losers. From
the profitable trader, there are categorized by few where we got swing trader,
day trader and scalper. What is different between this three kind of traer?
Swing trader are those who trade long timeframe like holding a trade for
months, and day trader is trader who trade daily and will close all the
position when the market close on the day. Scalper is the trader that is kind
gambling, they trade large size and earn few just a few pips then go take
profit and they does it very quickly sometimes few trade in a minutes!!
Different kind of trader is like using different kind of guns. Swing trader is equal to a sniper, he patiently waits, and when he shoots…BANG!!! He kills the target with a headshot. Day trader is like just wielding a handgun, you kill the target with a shot or two, but hardly you got a headshot, but sometimes there is someone that can wield their handgun like an sniper, but he/she will be an expertise. A scalper is somehow like a machine gun, TATATATA!!!He just shot a target with multiple bullets in a second!!!! Another method some trader trading now is basket trading and I compare then to a shotgun, when you shot thee shot gun, there will be multiple bullet trigger and sure hit the target but some will miss. Basket trading is trigger few pair that correlates, they knew the currency will move in the direction, but sometimes it won’t. So they open lots of pair which correlate.
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