There are 3 types of forex trader out there, trading and control the market :D. they are Position trader, swing trader, day trader.
Position trader is A type of forex trader who holds a position for the long term (from months to years). Long-term traders are not concerned with short-term fluctuations because they believe that their long-term investment horizons will smooth these out. Many position traders will take a look at weekly or monthly charts to get a sense of where the asset is in a given trend. Position trading is the polar opposite of day trading because the goal is to profit from the move in the primary trend rather than the short-term fluctuations that occur day to day.
Swing Trader is A forex trader who hold a particular positiom for a period of time, generally between a few days and two or three weeks, and trade the forex on the basis of its intra-week or intra-month oscillations between optimism and pessimism
Day trader is A forex trader who holds positions for a very short time (from minutes to hours) and makes numerous trades each day. Most trades are entered and closed out within the same day. This is a highly speculative practice. The reality is that most day traders lose money.
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