Moneytalk for Beginners ep15: type of Traders
Update: 2021-07-05
Description
This episode we are going to talk about the 4 main types of traders. They are the scalp traders, day traders, swing traders and position traders. Scalp and day traders are more of the higher risk level traders but great for people with small account size who wants to trade, they trade more often and make small profit margin per trade. As for swing traders and position traders, they are the opposite of the first two types of traders; they are for bigger account sizes, lower risk tolerance in a sense, potentially bigger profit margin per trade and we are also going to go over the trading rules and plans that apply to all types of traders.
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