Different Types of Indices Trading
Types of Indices Traders: Scalper Traders, Day Traders and Swing Traders
There are different types of Indices traders depending on the amount of time that they hold their open stock indices trades.
These indices traders also use different chart time frames to place their stock indices trades.
The different types of indices traders are:
- Scalpers
- Day indices traders
- Swing indices traders
- Position indices traders
Stock Indices Scalpers
Indices scalpers are the traders that hold on to their open stock indices trades for only a few minutes. With the objective of making small amount of pips profit, 10 to 20 pips.
Indices scalpers make many trades in one day, trading indices during the busiest times of the day.
Scalpers are indices traders that can make quick indices trading decisions.
Indices Scalpers use 1 minute charts and 5 minutes charts to place their trades. They use 5 min chart to determine the trend, if it going up or down, then use 1 min chart to decide their entry and exit points.
Day Traders
Stock Indices Day Traders are the traders who hold on to their open trades for a few hours but not more than a day. With the aim of making quite a number of pips profit, 30 to 70 pips
Day indices traders make 1 or 3 trades in one day, trading indices during the busiest times of the day & they do not hold their open stock indices trades overnight.
Day indices traders use 15 min charts and 1 hour indices charts to lace their stock indices trades. They use 1 hour indices chart to determine the trend, if it going up or down, then use 15 min chart to decide their entry and exit points.
Swing Stock Indices Traders
These are the traders that hold on to their open stock indices trades for few days to a week. With main objective of making a big amount of pips, 100 to 300 pips
Swing indices traders make an average of 2 to 5 trades in one week, holding onto their open stock indices trades overnight. Indices swing trading requires indices traders who are patient.
Swing indices traders use 1 hour indices charts and 4 hour indices charts to place their stock indices trades. They use 4 hour indices charts to determine the trend, if it going up or down, then use 1 hour chart to decide their entry and exit.
Position indices traders
These are the traders who hold onto their trades for weeks or months. With the aim of making a large amount of pips, 300 to 800 pips.
Position indices traders make an average of 2 to 5 trades in a year, Position trading requires indices traders who are patient, experienced and have huge account balances that can withstand huge drawdowns.
Position indices traders use 1 day and weekly indices charts to put their trades. They use weekly indices charts to determine the indices trend, if it going up or down, then use 1 day indices chart to decide their entry and exit.
What type of Stock Indices trader is the best?
The most popular type of Indices trader is the indices day trader and indices swing trader. When starting its best to try indices day trading and with some experience try indices swing trading. These indices trading methods are most suitable for beginner traders.
Scalping indices trading is also popular among stock indices traders.
Position indices trading isn't very popular because this type of trading requires a huge indices trading account balance & sometime it can result to huge indices draw downs.
What Are Different Types of Indices Traders? - Different Types of Indices Trading - Types of Indices Trade Styles - How Many Types of Indices Trading are There
