Types of Traders based on how to enter the forex market
Do you want to know about the types of traders and entry points? In learning forex this time it will be discussed about the Type of Trader and this entry point.
There are several types of traders seen from the entry points, namely:
1. Bоttоm Buуеr Tор Sеllеr
This strategy can be called a balancer, осоk for market conditions that move horizontally.
The indicator needed is a type of oil that can detect market saturation.
The rules of the game are:
BUY when the price is around support, and the indicators show that they are oversold. It's better if a return candle / bar appears like a Hammer.
SELL when the price is around sales, and the indicator shows oversold. It is better if a return candle appears.
2. BREAKOUTER
Breakouts usually happen after the market moves sideway. Breakouts show a high level of enthusiasm from either side.
The rules of the game are:
BUY when the price manages to break through the market with high volume and high volume.
SELL when the price is successful to penetrate the Suport with large Volume and High Volatility.
3. TREND FOLLOWERS
Trading by following the trend is very suitable for the long term. The formation of a trend is indicated by the existence of a valley that is getting higher or lower. The normal trend will have a slope of 45 degrees.
The rules of the game are:
BUY shortly after the formation of a higher valley than the previous valley. It is much better if the trending type indicator shows that the current trend is present.
SELL has suddenly formed a peak that is getting lower than the previous peak. It's also better if the trending type indicator shows that there is a downtrend and or an оlаtоr type indicator shows that new prices are just regularly coming out.
4. CORRECTER
This strategy is the invention of a trader named Edі Marѕel, this strategy is usually used when a strong trend or period occurs.
while a strong trend has one direction, so that when the direction of the graph is reversed without strength, the direction of the graph will be mildly balanced
The rules of the game are:
BUY when a strong trend occurs and the price is around the uрроrt. Better if the graph shows a normal selling point.
SELL when there is a strong trend and the price is around resistance. It is better if the graph shows weakness and the indicator indicates overbought
By knowing some of these useful entries, please decide which one is the easiest and the easiest for your trading. Any type of trader is not a problem, which becomes a problem if you don't own the trading style.