Types of Commodities Traders: Scalpers, Day Traders, Swing Traders and Position Trading
Best Commodities Trader Type
There are different types of Commodities traders. The type of a trader one is depends on the amount of time which they hold their commodity trade transactions.
The different types of commodity traders also use different chart time frames to place their commodities trades.
The different types of Commodities traders are:
- Scalpers
- Day traders
- Swing traders
- Position Commodity traders
Each type of Commodities trader is explained below and as a beginner commodity trader you can decide which type of Commodities trader you want to be based on your trading personality and the commodities chart time frame that you would want to be trading with.
Scalpers
The Commodities traders who are scalpers hold on to their commodities trades for only a few minutes. With the objective of making a small amount of pips in profit, 5 to 10 to 20 pips.
Scalpers are the type of Commodities traders that make many commodity transactions in one day and participate in commodities trading during the busiest market hours of the commodities market. A scalper commodity trader can open anywhere between 30 to 50 commodities trades per day.
Scalpers are Commodities traders that can make quick decisions.
Scalpers use 1 min commodity charts to put their commodity orders. They use 5 minutes Commodity Trading chart time frame to determine the commodity trend, if the commodity trend is going up or down and to decide their entry and exit.
Scalper 5 minutes commodity time frame commodity strategy
A Scalper using 1 min commodities chart time frame wants to go long, checks 5 minute commodity chart, looks like the commodity example illustrated and explained below, since it shows the commodity trend is going up, the scalper will then decide it's okay to buy the commodity.
Types of Commodities Traders - Commodity Trading Scalpers - Scalping Commodities Trading - Scalper Commodities Trader
Day Traders
Commodity Day Trader - This type of Commodities trader holds on to their commodities trades for a few hours but not more than a day. With the aim to make quite a number of pips profit, 30 to 70 pips.
The commodity day trader makes 2 or 5 commodity transactions in one day, participating during the busiest times of the commodity market & they don't hold their commodities trade orders overnight.
These Commodities traders use the 15 min Commodity Trading charts to put their commodity orders. They use 1 hour commodity chart to determine the commodity market trend, if it going up or down & to decide their entry & exit.
Commodity Day Trader 1 Hour time frame commodity strategy
A Commodity Trading day trader using 15 min commodity chart wants to go long, checks 1 hour commodity chart time frame, it looks like the commodity example illustrated and explained below, since it shows the commodity market commodity trend is going up, the commodity day trader will then decide it's okay to buy the commodity.
Types of Commodities Trading Market Traders - Commodity Day Traders - Commodity Day Trading - Types of Commodities Traders
Swing Traders
Commodity Swing Traders - This type of commodity trader holds on to their Commodities trades for few days to a week - With the objective of making a large number of pips in profit, 100 to 400 pips.
This type of commodities trading market trader makes an average of 2 to 5 commodity transactions in one week, holding onto their trades overnight. Swing commodity method requires commodity traders who are patient.
This type of commodity trader uses the 1 hour Commodity Trading charts to put their commodity orders. Swing traders use the 4 hour commodity chart to determine the Commodities trend, if it is going up or down and to decide their entry and exit.
Commodity Swing Trader 4 Hour chart time frame commodity strategy
A commodity swing trader using 1 hour commodity candlesticks charts wants to go short, checks 4 hour commodity candlesticks chart, it looks like the commodity example illustrated and explained below, since it shows the commodity trend is going down, the swing commodity trader will then decide it's okay to Sell/Go Short the commodity.
Types of Commodities Traders - Swing Traders - Swing Commodities Trading - Swing Commodities Traders
Position Commodities Traders
Position Commodities Traders - This type of commodity trader holds on to their commodity transaction for weeks or months. With the objective of making a large number of pips, 300 to 1000 pips.
Position Commodities Traders place an average of 2 to 5 orders in a year, position commodity method requires those who are patient, experienced and have huge account balances that can withstand huge draw-downs.
Position commodity traders use 1 day or weekly commodity charts to put their commodity orders. They use weekly commodity chart to determine the commodity trend, if it going up or down and to decide their entry and exit.
Commodity Position Trader Weekly commodity chart time frame commodity strategy
Position commodity trader using the daily commodity candlesticks charts wants to go short, checks weekly commodity chart time frame, it looks like the commodity example illustrated and explained below, since weekly commodity chart time frame shows the commodity trend is going down, the position commodity trader will then decide it is okay to sell - Go short.
Types of Commodities Traders - Position Commodity Traders - Position Commodities Trading - Position Commodities Traders
What's the best Commodities trader type?
The most popular type of Commodities trader or the best Commodities trader type is the day trader & scalper commodity trader depending on the method of commodity of each trader, but these two commodity methods are the most widely chosen commodity methods. Scalping commodity and requires those that can make quick decisions while commodity day trading is for those who want their commodities trades to run for longer and have more time when making commodity decisions. When starting it is best to try commodity scalping or commodity day trading. This commodity methods are the best because you do not leave commodity orders open for too long. At the same time you do not leave commodities trades open overnight and you can trade when you have time to watch the commodity market movements. In Commodity Trading it is best keep commodity orders open for as long as the commodity trend setup is in your direction and exit immediately once the commodity trend direction starts to reverse.
When it comes to the question about which type of commodity style is used by the best Commodities traders or by the top Commodities traders the two commodity methods above are the most commonly used commodity methods. Commodities traders can also automate these scalping or day trading styles by implementing their commodity strategies using automated commodities robots.
For commodity swing traders, leaving commodity trade transactions too long can also take up your profit & this commodity method also requires a lot of skills so it is best to stick to the short term commodity methods for most beginner Commodities traders.
Position commodity is not good as it requires a huge account balance and sometime it can result to huge draw-downs.
For commodity swing trading and position commodity methods, leaving a commodity trade transaction open for too long, may mean these trades can reverse and move against you with a lot of pip movements and can even wipe your commodities account, for this reason swing and position commodity methods are not very popular. It is best to stick to commodity scalping and commodity day trading so as to better manage the funds in your commodities trading account.
It is not recommended for the Commodities trader who is a beginner trader to leave orders open overnight, it's best to always close open commodity orders at the end of the day.
Commodity Trading News Traders - Types of Commodities Traders - Commodity Trading News Trading - this commodity news trader places commodity orders during economic news release time, either guessing the news will be positive/negative or placing pending commodity orders above & below the commodities price. Commodity Trading News trading technique is risky as volatility is massive, whilst liquidity may be non-existent. You may not get filled or, worse, your stop loss might not be honored! Commodity Trading News Trading technique can be very profitable for some commodity traders but requires some skills.
Commodity Robot Traders - Types of Commodities Traders - Automated Commodities Traders - the commodities trading robot trader - automated commodity trader is the type of commodity trader that uses automated commodity programs known as commodities trading robots - How to Trade Commodities with Automated EA Commodities Robots - Commodity Trading Expert Advisors - Robots to trade the online commodities market. This automated commodity trader will install an Automated Commodity Robot on their commodities trading platform and the automated robot will then open and close trades on behalf of the trader based on the strategy which has been used to program this automated commodities robot. If you are new to automated commodities trading & would like to find a trader using automated trading robots to help you come up with an automated robot, then you can find out more about automated trading on the Commodity Expert Advisors Article - MQL5 Commodity Expert Advisor Bots Forum.
