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