( POLL ) What type of trader are you

[Expandable]

Well, you are not basically but completely day trader. Scalping is when you trade with the really high volumes, more than 60%-70% of your margin, and you close the order within 10 minutes maximum. Else, while I'm practising a day trading, the average life of my orders is 30-40 minutes up to an hour, depending on the time needed for price retracement after a clear trend.

That's right. But in scalping account, I was talking about the trades in which I get stucked, I try to get out as soon as the price comes in my direction or blows my account, so sometimes it even takes 30 minutes for that.

You can't count me as a professional scalper. I do scalping sometimes and even have to hold a trade for around 30 mins even in the scalping account.

[Fgold]

I voted for swing trader but sometimes I like to be a Buy and hold trader when the market allows me to do that succesfully :d
Some of my positions usually last for 2-3 months as I want to grab at least 50 pips from each one. I use many styles but the most used is really swing

[YES]

I am a swing trader and a position trader. Mostly a position trader. My mentality is, 'What is the probability this pair will reach this price in 1 months time'. I've made a thread on my comprehensive trading strategy - A Comprehensive Guide to Profitable Trading; by YES . It's only a shadow of my overall principles and methods but it's a work in progress. It just takes time, which I don't have much of these days!

[chuna1985]

I prefer to be a position trader, It is the best trading strategy in my own opinion about the forex trading market. This is because it afford us the time to do other things that might be necessary for us unlike the scalpers that will need to be online at all times.

[MadMaxWagar]

I prefer to be a position trader, It is the best trading strategy in my own opinion about the forex trading market. This is because it afford us the time to do other things that might be necessary for us unlike the scalpers that will need to be online at all times.

Well, I'm looking to get in with a demo account, so I suppose this would make me a 'day trader'?

[andry777]

Well, I'm looking to get in with a demo account, so I suppose this would make me a 'day trader'?

What do you mean? What are you looking for in demo account so it made you become day trader? If you want to become day traders so you will open few positions and set TP and SL in each transaction that you made. Usually day traders will use set and forget in their trading.

[MattTucker]

What do you mean? What are you looking for in demo account so it made you become day trader? If you want to become day traders so you will open few positions and set TP and SL in each transaction that you made. Usually day traders will use set and forget in their trading.

He probably has no idea, lol. Day trading seems the most 'easy' to me. Pretty much a "set-and-forget" type of system there.

[iorek]

I'm mostly long term--but I like the idea of splitting profit targets when appropriate (one long term target--another shorter term for a smaller setup). By being both I face the reality of multiple potentials and make money if the scenario for a long term target fails or is miscalculated...

I think gaining multiple perspectives and being open to question how certain strategies can be combined/complement each other is potentially useful.

[murali603]

I'm mostly long term--but I like the idea of splitting profit targets when appropriate (one long term target--another shorter term for a smaller setup). By being both I face the reality of multiple potentials and make money if the scenario for a long term target fails or is miscalculated...

I think gaining multiple perspectives and being open to question how certain strategies can be combined/complement each other is potentially useful.

I am also planning to be a long term trader but emotions not allowing me to do so and making me to close orders in short term

[Jack Francisco]

Hello guys,

It depends on the person availability of time. For me, Scalper is the best.

[Raybenz1983]

I am day trader and want to make money in trading.

[Kaito Kid]

Hello guys,

It depends on the person availability of time. For me, Scalper is the best.

I do scalper too... But Forex scalping is not a suitable strategy for every type of trader. The returns generated in each position opened by the scalper is usually small; but great profits are made as gains from each closed small position are combined.

[Belgian]

I prefer scalping too)

[Kaito Kid]

any type of trading is important to stay disciplined
Always use good money management

[Belgian]

but sometimes I guess I'm a day trader too