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  Latest
Make Money in Forex by Avoiding These Psychological Risks May 24, 2022
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Momentum Trader

Mira Team by Mira Team
January 8, 2021
in Forex Terms
Reading Time: 1 min read
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Definition – What does Momentum Trader mean?

A momentum trader is a forex trader who trades around events or technical set ups that he or she believes will result in greater volatility. A momentum trader can operate on any time frame, but momentum trades are most common on the shorter time frames. A momentum trader can also be referred to as a momo trader.

ForexTerms explains Momentum Trader

Momentum trading can be applied on fundamentals or technicals. For example, news traders are a type of fundamental momentum trader in that they look for events that cause volatility, such as central bank announcements and economic releases. Technical traders use indicators or chart formations to identify likely points where volatility will spike. They may also use an additional indicator like the RSI to monitor the momentum and help set an exit strategy for the trade.

ⓘ Mira FX is not liable for any damage or loss, including but not limited to, any loss of investment, which may be based either directly orindirectly on the use of or reliance on such information. Before deciding whether or not to take part in foreign exchange or financial markets or any other type of financial instrument, please carefully consider your investment objectives, level of experience and risk appetite.

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