Types of Traders and Entry Points

You want to know about Trader Type and Entry Point? In this forex study will be discussed about the type of trader and its entry point.

forex trader

There are several types of traders seen from the entry point that is:

1. Bottom Buyer Top Seller

This strategy is arguably a scalper, suitable for market conditions that move horizontally.
The required indicator is a type of Oscillator that can detect market saturation.

The rules of the game are:

BUY when the price is around support, and the indicator shows has oversold. Better if it appears candle / bar type reversal like Hammer.
SELL when the price is around the resistance, and the indicator shows oversold. Better if the candle reversal appears.


buy bottom sell top



2. BREAKOUTER

Breakout usually occurs after the market moves sideway.Breakout shows the high enthusiasm of the buyer atupun seller.

Before the breakout is usually preceded by a false signal, the valley is higher than before, the peak is lower than before, or there is an indicator that shows overbought / sell on a flat market.

The rules of the game are:

BUY when the price broke through the resistance with a large volume and high Volatility.

SELL when the price managed to penetrate the Support with a large Volume and High Volatility.



3. TREND FOLLOWER

Trading by following trend is perfect for long term. The formation of the trend is marked by a valley that is increasingly rising or the peak is lowered.Trend normally has a slope of 45 degrees.If the trend looks very steep, this shows will soon be reversed.

The rules of the game are:

BUY shortly after the valleys form higher than the previous valley. It is better if the trending type indicator shows that the up trend is going on.

SELL shortly after the formation of the peak lower from the previous peak.Juga better if the trending type indicator shows a down trend and or indicator type oscilator shows that the price just out of the overbought zone.

trend follower



4. CORRECTER

This strategy is the invention of a trader named Edi Marsel, this strategy is suitable for use when a strong trend or long term occur.

Strong trends have one direction, so that when the direction of the graph turned without any power, the direction of the graph will be restored as originally following the current trend.

The rules of the game are:

BUY when the strong trend occurs and the price is around support. Better if the graph shows weakness and indicator oscilator declared has oversold.

SELL when the strong trend occurs and the price is around Ressistance.Better if the graph shows weakness and indicator oscilator states have been overbought

correcter

By knowing some of these entry points, please specify which one is most convenient and suitable for your trading. Any type of trader is not a problem, which is a problem if you do not have a trading style.

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