Types of Energies Traders: Scalpers, Day Traders, Swing Traders and Position Trading
Best Energies Trader Type
There are different types of Energies traders. The type of a trader one is depends on the amount of time which they hold their energies trade transactions.
The different types of energies traders also use different chart timeframes to place their energies trades.
The different types of Energies traders are:
- Scalpers
- Day traders
- Swing traders
- Position Energy traders
Each type of Energies trader is explained below and as a beginner trader you can decide which type of Energies trader you want to be based on your trading personality and the energies chart timeframe that you would want to be trading with.
Scalpers
The Energies traders who are scalpers hold on to their energies 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 Energies traders that make many energies transactions in one day and participate in energies trading during the busiest times of the energies market. A scalper energies trader can open anywhere between 30 to 50 energies trades per day.
Scalpers are Energies traders who can make quick decisions.
Scalpers use 1 minute charts to put their energies orders. They use 5 minutes Energies Trading chart timeframe to determine the energies trend, if the energies 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 energies example illustrated and explained below, since it shows the energies trend is going up, the scalper will then decide it's okay to buy the energies.
Types of Energies Traders - Energies Trading Scalpers - Scalping Energies Trading - Scalper Energies Trader
Day Traders
Energies Day Trader - This type of Energies trader holds on to their energies 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 energies day trader makes 2 or 5 energies transactions in one day, participating during the busiest times of the energies market and they do not hold their energies trade orders overnight.
These Energies traders use the 15 minutes Energies Trading charts to put their energies orders. They use 1 hour energies chart to determine the energies market trend, if it going up or down and to decide their entry and exit.
Energies Day Trader 1 Hour time frame energies strategy
A Energies Trading day trader using 15 minutes chart wants to go long, checks 1 hour energies chart timeframe, it looks like the energies example illustrated and explained below, since it shows the energies market energies trend is going up, the energies day trader will then decide it's okay to buy the energies.
Types of Energies Trading Market Traders - Energies Day Traders - Energies Day Trading - Types of Energies Traders
Swing Traders
Energies Swing Traders - This type of energies trader holds on to their Energies 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 energies trading market trader makes an average of 2 to 5 energies transactions in one week, holding onto their trades overnight. Swing energies method requires energies traders who are patient.
This type of energies trader uses the 1 hour Energies Trading charts to put their energies orders. Swing traders use the 4 hour energies chart to determine the Energies 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 energies candlesticks charts wants to go short, checks 4 hour energies candlesticks chart, it looks like the energies example illustrated and explained below, since it shows the energies trend is going down, the swing energies trader will then decide it's okay to Sell/Go Short the energies.
Types of Energies Traders - Swing Traders - Swing Energies Trading - Swing Traders
Position Traders
Position Traders - This type of energies 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 energies traders use 1 day or weekly energies charts to put their energies orders. They use weekly energies chart to determine the trend, if it going up or down and to decide their entry and exit.
Energies Position Trader Weekly energies chart timeframe energies strategy
Position energies trader using the daily energies candlesticks charts wants to go short, checks weekly energies chart timeframe, it looks like the energies example illustrated and explained below, since weekly energies chart timeframe shows the energies trend is going down, the position energies trader will then decide it is okay to sell - Go short.
Types of Energies Traders - Position Traders - Position Energies Trading - Position Traders
What's the best Energies trader type?
The most popular type of Energies trader or the best Energies trader type is the day trader & scalper energies 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 energies day trading is for those who want their energies trades to run for longer and have more time when making energies decisions. When starting it is best to try energies scalping or energies day trading. This energies methods are the best because you do not leave energies orders open for too long. At the same time you do not leave energies trades open overnight and you can trade when you have time to watch the energies market movements. In Energies Trading it is best keep energies orders open for as long as the energies trend setup is in your direction and exit immediately once the energies trend direction starts to reverse.
When it comes to the question about which type of energies style is used by the best Energies traders or by the top Energies traders the two energies methods above are the most commonly used energies methods. Energies traders can also automate these scalping or day trading styles by implementing their energies strategies using automated energies bots.
For energies swing traders, leaving energies 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 Energies 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 energies 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 energies trading account, for this reason swing and position energies methods are not very popular. It is best to stick to energies scalping and energies day trading so as to better manage the funds in your energies trading account.
It is not recommended for the Energies trader who is a beginner to leave orders open overnight, it is best to always close open energies orders at the end of the day.
Energies Trading News Traders - Types of Energies Traders - Energies Trading News Trading - this energies news trader places energies orders during economic news release time, either guessing the news will be positive/negative or placing pending energies orders above & below the energies 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 energies traders but requires some skills.
Energies Trading Bot Traders - Types of Energies Traders - Automated Energies Traders - the energies trading robot trader - automated energies trader is the type of energies trader that uses automated energies programs known as energies trading robots - How to Trade Energies with Automated EA Energies Bots - Energies Trading Expert Advisors - Robots to trade the online energies market. This automated energies trader will setup an Automated Energies Trading Bot on their energies 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 energies 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 Energies Trading Expert-Advisors Article - MQL5 Energies Trading EA Robots Forum.
