Type of Trader based on Psychology

There are many types of traders and a lot of the motivation that drove their investments in the forex world. Various types of popular trader based on their method of trading the scalper, Swing Trader, Trader, Momentum Trader Daily, etc the following type trader based on psychological factors

1. Greedy Trader
This is the type for those trading with a lot too big and too much risk because their purpose was simply to earn money easily. They usually end up large losses in their accounts.

2. New Trader
They have no idea of how the market works so that their goal should be simply knowledge. New traders should remain diligent study and be patient until they are totally controlled and managed to complete the entire "PR" trading them. In a hurry to make money without risk management, methods of winning, the right mindset, and trading plan, will result in the failure of 100% all the time.

3. Arrogant Trader
Their goal is to prove that they are right and satisfy their fragile egos. Smug traders will lie, delete the tweet and post, never admit when they are wrong. When they are wrong they will hide under the cloak, when they are right they will sound aloud from the roof.

4. The Trend Trader
Their goal is simply to ride trends and making money. The Trend trader will buy high and sell them at a price considerably higher again. Then he closed it much lower. They look like a genius in the market is trending, but they look like not being able to trade on the market is choppy or whipsawing. In the long run, they do it very well.

5. Scared Traders
Their goal is simply to avoid losing their capital. This type of Trader will immediately close the trading loss and immediately take the profit. They are very stressed out in trading because it does not understand the nature of trading itself and cannot handle the uncertainty or risk. This type of Trader had the most important homework, i.e. developing their self-confidence.

6. Bull Trader
Their goal is simply to buy stocks and held him in a long time. Buy the best investment in stock and have no desire to sell it. They always believe the next big rally is definitely going to happen. bull traders also like to buy from a lower level of support.

7. Bear Trader
Their goal is to sell the stock. They always think that market is a container that is filled with great impact. They "know" the economy is a mess and the market tends to fall. In a bullish market, they believe the price is too high and will turn sharply. In a bearish market, they believe the price will drop much lower.

8. Prophet Trader
Their goal is to predict the movement of the market correctly then let know their predictions. They always think they know the top or bottom. They love target and believes that the chart shows exactly what will happen next. They don't really discuss trading on their own, they just predict prices.

9. Paper Trader
They love the market and learn more than anyone but never enough to make it plunge into the real trading. They live in a world that is comfortable with trading on paper and make it more than just a hobby. They are simply people who cannot transition to the actual market.

10. Rich Trader
Their goal is to consistently make money and grow their capital in the long term. They do not ask for tips or suggestions, they have completed his HOMEWORK and they are trading with its own methods. They increase confidence and methods regardless of whether they profit or loss.