TYPE OF TRADERS
There are many ways to invest money, but the most popular method is trading. Trading is the process of buying and selling assets to make a profit.
Trading can be done with stocks, bonds, commodities and currencies or other financial instruments. The first step in learning how to trade is to pick an instrument that you feel comfortable with. You should also pick an asset class or sector that you are interested in tracking. Next, you need to decide what type of trader you want to be:
Day Trader: A day trader buys and sells assets within the same day usually at least four times per day. Day traders tend to use technical analysis tools such as charts and indicators to help them make decisions about when to buy and sell an asset.
Swing Trader: A swing trader will hold an asset for several days or weeks before selling it for a profit or loss. Swing traders typically use technical analysis tools such as charts and indicators to help them make decisions about when to buy or sell an asset.
Position Trader: A position trader holds assets for months or years before selling them at a profit or loss after they have appreciated over time due to market fluctuations or other factors such as economic growth which causes prices of assets like stocks.