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

Mira Team by Mira Team
January 14, 2021
in Forex Terms
Reading Time: 1 min read
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Definition – What does Short Term Trader mean?

A short term trader is a currency trader who enters and exit trades within the day. There are two types of short term trader:

  • Day traders: This type of trader may hold a position for minutes or hours, but less than a day.
  • Scalpers: This type of trader will usually hold a position for less than an hour, and often less than 5 minutes.

ForexTerms explains Short Term Trader

Short term traders depend heavily on technical analysis, charting and systems to support their trading strategy. For extremely short term traders like scalpers, using forex trading software is usually necessary. Short term traders are considered to be the opposite of fundamental traders, but there is a lot of middle ground where fundamental traders make short term trades and short term traders make longer term trades.

ⓘ 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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