Types of Traders: Scalpers, Day Traders, Swing Traders and Position Trading

Best Trader Type

There are different types of traders. The type of a trader one is depends on the amount of time which they hold their trade transactions.

The different types of traders also use different chart timeframes to place their trades.

The different types of traders are:

1. Scalpers
2. Day traders
3. Swing traders
4. Position Energy traders

Each type of trader is explained below and as a beginner trader you can decide which type of trader you want to be based on your trading personality and the chart timeframe that you would want to be trading with.

Scalpers

The traders who are scalpers hold on to their 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 traders that make many energies transactions in one day and participate in energies trading during the busiest times of the market. A scalper trader can open anywhere between 30 to 50 trades per day.

Scalpers are traders who can make quick decisions.

Scalpers use 1 minute charts to put their orders. They use 5 minutes Energies Trading chart timeframe to determine the trend, if the trend is going up or down and to decide their entry and exit.

Scalper 5 minutes energies time frame energies strategy

A Scalper using 1 minute chart timeframe wants to go long, checks 5 minute chart, looks like the example highlighted & described below, since it displays the trend is going up, the scalper will then decide it's okay to buy the energies.

Types of Traders - Energies Trading Scalpers - Scalping Energies Trading - Scalper Trader

Day Traders

Day Trader - This type of trader holds on to their trades for a few hours but not more than a day. With the aim to make quite a number of pips in profit, 30 to 70 pips.

The day trader makes 2 or 5 energies transactions in one day, participating during the busiest times of the market & they don't hold their trade orders overnight.

These traders use the 15 minutes Trade charts to put their orders. They use 1 hour chart to determine the market trend, if it going up or down and to decide their entry and exit.

Day Trader 1 Hour time frame energies strategy

A Energies Trading day trader using 15 minutes chart wants to go long, checks 1 hour chart timeframe, it looks like the example highlighted & described below, since it displays the market trend is going up, the day trader will then decide it's okay to buy the energies.

Types of Trading Market Traders - Day Traders - Day Trading - Types of Traders

Swing Traders

Energies Swing Traders - This type of trader holds on to their 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 trading market trader makes an average of 2 to 5 energies transactions in one week, holding onto their trades overnight. Swing energies method requires traders who are patient.

This type of trader uses the 1 hour Trade charts to put their orders. Swing traders use the 4 hour chart to determine the trend, if it is going up or down and to decide their entry and exit.

Energies Swing Trader 4 Hour chart timeframe energies strategy

A energies swing trader using 1 hour candle-sticks charts wants to go short, checks 4 hour candlesticks chart, it looks like the example highlighted & described below, since it displays the trend is going down, the swing trader will then decide it's okay to Sell/Go Short the energies.

Types of Traders - Swing Traders - Swing Energies Trading - Swing Traders

Position Traders

Position Traders - This type of trader holds on to their energies transaction for weeks or months. With the objective of making a large number of pips, 300 to 1000 pips.

Position Traders place an average of 2 to 5 orders in a year, position energies method requires those who are patient, experienced and have huge account balances that can withstand huge draw-downs.

Position traders use 1 day or weekly charts to put their orders. They use weekly chart to determine the trend, if it going up or down and to decide their entry and exit.

Energies Position Trader Weekly chart timeframe energies strategy

Position trader using the daily candle-sticks charts wants to go short, checks weekly chart timeframe, it looks like the example highlighted & described below, since weekly chart timeframe shows the trend is going down, the position trader will then decide it is okay to sell - Go short.

Types of Traders - Position Traders - Position Energies Trading - Position Traders

What's the best trader type?

The most popular type of trader or the best trader type is the day trader & scalper trader depending on the method of energies of each trader, but these two energies methods are the most widely chosen energies methods. Scalping energies and requires those that can make quick decisions while day trading is for those who want their trades to run for longer and have more time when making energies decisions. When starting it is best to try energies scalping or day trading. This energies methods are the best because you do not leave orders open for too long. At the same time you do not leave trades open overnight and you can trade when you have time to watch the market movements. In Energies Trading it is best keep orders open for as long as the trend setup is in your direction and exit immediately once the trend direction starts to reverse.

When it comes to the question about which type of energies style is used by the best traders or by the top traders the two energies methods above are the most commonly used energies methods. traders can also automate these scalping or day trading styles by implementing their energies strategies using automated bots.

For energies swing traders, leaving trade transactions too long can also take up your profit and this energies method also requires a lot of skills so it is best to stick to the short term energies methods for most beginner traders.

Position energies is not good as it requires a huge account balance and sometime it can result to huge draw-downs.

For energies swing trading and position energies methods, leaving a 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 trading account, for this reason swing and position energies methods are not very popular. It is best to stick to energies scalping and day trading so as to better manage the funds in your trading account.

It is not recommended for the trader who is a beginner to leave orders open overnight, it is best to always close open orders at the end of the day.

Energies Trading News Traders - Types of Traders - Energies Trading News Trading - this energies news trader places orders during economic news release time, either guessing the news will be positive/negative or placing pending orders above and below the price. Energies Trading News trading method 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! Energies Trading News Trading method can be very profitable for some traders but requires some skills.

Trading Bot Traders - Types of Traders - Automated Traders - the trading robot trader - automated trader is the type of trader that uses automated energies programs known as trading robots - How to Trade Energies with Automated EA Bots - Trading Expert Advisors - Robots to trade the online market. This automated trader will setup an Automated Trading Bot on their trading platform and the automated trading robot will then open and close trades on behalf of the trader based on the trading strategy which has been used to program this automated bot. If you are new to automated energies trading and would like to find a trader using automated trading robots to help you come up with an automated trading robot, then you can find out more about automated trading on the Trading EAs Article - MQL5 Trading EA Robots Forum.