Types of Gold Traders & Different Types of Gold Traders

How Different Types of Gold Traders Trade the Gold Market?

Different types of gold traders use different chart time-frames to trade the xauusd market. Different types of gold traders also use different gold trading strategies to execute their gold trading methods.

Different gold trader types use different methods - for example different types of gold trader will use varying gold leverage options depending on their gold trading types - short term gold traders might use more leverage than the long term gold traders.

Different gold traders will also use different gold trading schedules when trading the online gold market. Short term gold traders will use gold trading schedules that are aimed at timing the market to find and identify intraday gold trading opportunities while long term gold traders will use gold trading schedules that are aimed at following the long term gold trend.

The four main gold trader categories are:

Scalper Traders

A gold Scalper trader will trade the short term intraday gold market movements.

A gold Scalper trader will open and close their gold trades within minutes

Gold Scalper traders will open and close gold trades many times during the Scalper and they can open 10 to 20 gold trades in one day.

Gold Scalper traders will use gold trade strategies that capture the intraday gold price short term market moves.

Gold Scalper traders will typically use shorter gold chart timeframes such as the 1 minute charts.

Gold Scalper Traders will only hold their gold positions for a few minutes.

Day Traders

A gold day trader will trade the intraday gold market movements.

A gold day trader will close all their open gold trade positions at the end of the gold market session close - i.e. At the end of the day the gold day trader will close all open gold trades.

Gold day traders do not leave overnight gold trade positions.

Gold day traders will open & close gold trades many times during the day & they can open 5 to 10 gold trades in one day.

Gold day traders will use gold trade strategies that capture the intraday gold price short term market moves.

Gold day traders will typically use shorter gold chart timeframes such as the 15 minutes charts.

Gold Day Traders will only hold their gold positions for a few hours.

Swing Traders

A gold Swing trader will trade the medium term gold market swings movements.

A gold Swing trader will open & leave their gold trades open for days or weeks in order to capture the medium term gold market swings.

Gold Swing traders will open 3 to 5 gold trades in one week.

Gold Swing traders will use gold trading strategies that capture the medium term gold price market moves.

Gold Swing traders will typically use gold chart timeframes such as the hourly charts or even daily charts.

Gold Swing Traders will only hold their gold positions for a few days to a few weeks.

Position Traders

A gold Position trader will trade the long term gold market positions movements.

A gold Position trader will open and leave their gold trades open for weeks or months in order to capture the long term gold market trends.

Gold Position traders will open 5 to 10 gold trades in one year.

Gold Position traders will use gold trading strategies that capture the long term gold price market moves.

Gold Position traders will typically use gold chart timeframes such as the weekly gold charts or even monthly gold charts.

Gold Position Traders will hold their gold positions long enough so as to catch the long term gold trend movement.

Types of Gold Traders & Different Types of Gold Traders