The 4 Different Types of Traders

Various types of traders trade with different types of strategies & methods.

The different types of traders use different techniques & gold strategies to predict the price movement.

The type of method chosen by a trader will depend on various factors such as knowledge of the markets, gold techniques & gold goals of the trader.

The various different traders are:

Scalpers

A gold scalper is a trader that holds their open trade position for a short period of time with the objective of making only small profits from these short term price movement.

A gold scalper open many buy and sell trades during the day with the main objective of making small profits from these multiple trades.

A gold scalper will use strategies that will capture the short term price moves.

A gold scalper will also need to spend a lot of time searching for these trading opportunities.

A gold scalper trader also need to be a trader who can make quick gold decisions while trading because the scalper will be opening many buy & sell trades throughout the day.

A gold scalper will therefore need to have the skill of trading short term market moves - a scalper trader should learn and understand how to interpret and trade the short term price moves & the strategies of the scalper trader should be aimed at identifying and capturing these short term price moves.

Day Traders

A day trader is a trader that closes all their open trades at the end of the day. Day traders don't hold overnight trade positions.

Day traders use strategies which are aimed at identifying & capturing the intraday gold price trend.

Day traders will open one to 3 buy & sell trade transactions per day.

A day trader will need to have the skill of trading short term intraday gold market moves - a day trader should learn and understand how to interpret and trade the short term intraday gold price moves & the strategies of the day trader should be aimed at identifying and capturing these short term intraday gold price moves.

Swing Traders

A gold swing trader is a trader that holds their open trade position for few days to a few weeks.

A gold swing trader will hold their open trade position for a few days to a few weeks so as to capture the medium trend and profit from the price medium term trend movement.

A gold swing trader aims to profit from the medium term trend movement. The goal of swing traders is to identify gold trades which can make a significant move in the price. Gold swing traders will then aim at making a profit from these price moves and capturing the momentum of these medium term price moves.

Gold swing traders will use gold methods & gold strategies that which are aimed at capturing the momentum of these medium term trend movements.

Gold swing traders will need to learn and understand medium term price movements and come up with strategies that can identify these medium term price trend movements.

A gold swing trader will need to have the skill of trading medium term market moves - a swing trader should learn and understand how to interpret and trade the medium term price moves & the strategies of the swing trader should be aimed at identifying and capturing these medium term price moves.

Position Traders

Position traders are traders that trade the market by holding long term trades. These long term trades are open for weeks to months.

Position trader aims at making a large profit from the long term price trends.

Position traders aim at identifying long term trends and then open trades in the direction of these price trends.

A gold position trader open few buy & sell trades during the year with the main objective of making more profits from these few gold trades by capturing the long term trend movement.

A gold position trader will use strategies that will capture the long term price moves.

A gold position trader will therefore need to have the skill of trading long term market moves - a position trader should learn and understand how to interpret and trade the long term price moves & the strategies of the position trader gold trader should be aimed at identifying and capturing these long term price moves.

Different Trader Types - Gold Scalper, Day Trader, Gold Swing Trader & Gold Position Trader - Different Trader Types