Forex trading is a potential investment. In the other side, it also has the high risk. Be careful in making an action is a must. You cannot buy or sell without considering the impact. At least, make sure the impact is not bad. Before be a trader, you need to know about the trader types. Trader types categorized by the trader’s characteristic. Actually, there are many trader types. For the outline, there are just three trader types. Those are scalper, intraday and swinger.
Scalper is a small trader. They focus on the small profit but with the large number of transaction. For the execution, they use small timeframe. The next trader type is intraday or day trader. Intraday has a medium profit target. Their target is around 50 up to 100 pips. To reach their target, they can wait for many hours even many days. The last trader type is swinger or long term trader. Just like the name, swinger open their position for long term target. They also have the high target. In the most case, their target is about 300 pips or more.
After you know about the trader types, you can compare them with your characteristic. In here, you need to know yourself before make a decision and be the part of Forex Trading.
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