Hey hey: what's up my friend man, i miss saying that, because you know these videos actually they're all done separately and then stitch up together, because if i were to say, hey hey at the start of every section right, you're gon na get irritated by me. So anyway welcome back uh in this section you will learn the different types of forex traders and you know, let me explain so there are different types of forex traders out there. You can classify them as short-term traders, medium-term traders and long-term traders. So, let's analyze, you know uh what are the differences right between these type of traders? Number one short-term traders so for short-term traders right, your time frame is usually below the one-hour time frame.

You will likely operate on the five minutes. 15 minutes time frame. Your potential target in terms of pips right you're, usually aiming anywhere between five to fifty pips and your holding time. It's usually less than three days, and one thing to to share is that whatever i'm sharing with you is just general guideline.

It's not really cast in stone because short term traders. There are some really really short-term traders like scalpers, who can be in the trade for just a few minutes. And then you have some short-term traded traders, which are slightly longer, which could be under day traders where they could hold their trade for a day or two. So what i'm sharing here is just uh a general guideline to take into consideration next one medium term traders.

So these are the type of traders who trade between the one and four hour time frame. Their potential target is usually anywhere between 50 to 200 pips and they can hold their trades anywhere between three to ten days. And finally, you have the long-term trader, who trades right the four-hour time frame and above could be the four-hour eight hour daily or even a weekly time frame. Then their potential target is usually you know more than 200 pips on each trade that they are aiming for and they can hold their trades.

You know for 10 days or more weeks or even months, so a super quick recap. This is a fast section right. So you have short term traders, medium term traders and long term trader and personally, for me, i'm a medium to long-term trader. So the key here right to share with you is to get you to understand the different type of trading time frames that you can be on and to find a type of trading style that suits you.

Are you more towards short-term trading, medium-term trading or long-term long-term trading, and the only way to find out is to throw trial and error right? You know, trading across the different time frames to see what works for you and also another thing is time. Commitment plays a part because if you have a full-time job, it's unlikely that you can be a short-term trader, because you just can't afford to be glued in front of the screen right all day to watch the markets while having a full-time job. So probably i'll, say medium term to long-term trading would suit you best, but on the other hand, let's say you are a someone who's very free uh. You have a lot of time and you have you know, interest in short-term day trading.

Then hey. You know, maybe that is something for you, but ultimately you have to explore experiment, trial and error to see which type of trading approach would suit. You best you.