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Types of Traders

Find your trading style. Understanding your trading style is key to achieving long-term success in the forex market.

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All trading involves risk. It is possible to lose all your capital.

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Which type of trader are you?

Forex Traders

Forex Traders

Buy and sell currency pairs to profit from price fluctuations using timing, market knowledge and currency-pair analysis.

Day Traders

Day Traders

Open and close positions within a single trading day, aiming to profit from intraday price movements.

Swing Traders

Swing Traders

Hold positions for several days to weeks, aiming to profit from short- to medium-term trends.

Scalpers

Scalpers

Use a fast-paced trading style to profit from small price movements with frequent short-term trades.

Position Traders

Position Traders

Use a long-term strategy, holding positions for weeks or months to capitalise on major trends.

Algorithmic Traders

Algorithmic Traders

Use automated systems to execute trades based on preset algorithms and data-driven rules.

1

Choose your style

Pick a style that matches your time commitment and risk tolerance.

2

Stay consistent

Stick with the strategy that best aligns with your goals.

3

Manage risk

Use risk-management tools to protect your capital and make informed trades.

Risk Warning: Our products are traded on margin and carry a high level of risk and it is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved.