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    Thread: What is trader?

    1. #31
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      Default Re: What is trader?

      A trader is anyone that has the privilege of buying and selling currency or anything for that matter, but in the Forex market we would say that a Forex trader is anyone that has a trading account which was open for the sake of exchanging one currency for another through the Forex trading platform that is known as the Metatrader, there are other people that are into trading who are stationed in one place, these are the stock brokers who primarily trade within the floor of the stock exchange, they do similar thing to what a Forex trader does, it is just that their mode of operation is slightly different from what the Forex trader does in the Forex business.


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    3. #32
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      Default Re: What is trader?

      Quote Originally Posted by alexthedefender04 View Post
      What is trader?
      Trader:
      Trader could be a single person or a group of people who are trade in Forex market or any other trading business. A stock exchanger is also a trader.Trader is a profession for sure. In Forex market, trader are two types. Such as:

      (a) Full time trader:
      The trader who takes Forex trading as their profession is known as full time trader. They don't have any other income source except Forex trading. They are known as professional traders. Most of them have PAMM account. People invest on their account to get good profit. At least 10 years live Forex trading experience is mandatory to become a professional trader.

      (b) Part time trader:
      The trader who takes Forex trading as their part time business is known as part time trader. They have another profession or business work. They just come here to get some extra income. Student, service holder or small businessman can become a part time trader.

      You should choose which criteria you should be implied in your title. Still i am a part time trader and have a dream to become a professional trader.


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      Default Re: What is trader?

      A forex trader is one who buys or sells currencies on the foreign exchange. A forex trader uses price movement in the foreign exchange market to make profit. Forex trading is not necessarily a get rich quick business, though the possibility of getting rich quick exists under certain circumstances. You can become a millionaire, but don't count on it.

      Though the size of the investment of a trader determines the potential profits from forex trading, the success of the venture is determined by the expertise of the trader in forex trading. Many traders fail, not for lack of trading capital, but for lack of good forex trading skills and experience. Hence, learning and experience are crucial to success in the business of forex trading.
      POSSIBILITIES ARE INFINITE IN THE FOREX MARKET, YOU CAN ACCOMPLISH ANYTHING !


    5. #34
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      Default Re: What is trader?

      A trader is anything you can call him. Forex trading is a profession, it is a vocation, it is a lifestyle. Forex trading as a profession means that it can be seen as a field which requires a high level of expertise. The expertise leads to a speciality in a particular thing. Forex trading as a profession makes someone to apply all form of discreet and dexterity while trading. Forex trading as a vocation shows that it can be treated as an hand work. Just as every other vocation requires craftiness and excellence. Forex trading as a vocation requires that a trader should be crafty with all his trading activities. Forex trading as a lifestyle means the ability of it forming part of our daily activities. When forex trading becomes part of our lifestyle we won't be struggling to trade. We will be trading with leisure and all calmness.


    6. #35
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      A broker is a person who participates in the purchasing and selling of money related resources in any budgetary market, either for himself or for the benefit of someone else or organization. The primary contrast between a dealer and a financial specialist is the length for which the individual holds the benefit. Speculators will, in general, have a more extended term time skyline, while merchants will in general hold resources for shorter timeframes to benefit from momentary patterns.
      A dealer can work for a monetary foundation, in which case he exchanges with the organization's cash and credit, and is paid a mix of pay and reward. Then again, a dealer can work for himself, which implies he is exchanging with his very own cash and credit yet keeps the majority of the benefit for himself. Among the burdens of momentary exchanging are commission costs and paying endlessly the offer/offer spread. Since dealers much of the time take part in momentary exchanging systems to pursue benefit, they can pile on expansive commission expenses.

      ---------- Post added at 12:59 AM ---------- Previous post was at 12:58 AM ----------

      A trader is a person who participates in the purchasing and selling of money related resources in any budgetary market, either for himself or for the benefit of someone else or organization. The primary contrast between a dealer and a financial specialist is the length for which the individual holds the benefit. Speculators will in general have a more extended term time skyline, while merchants will in general hold resources for shorter timeframes to benefit from momentary patterns.

      A dealer can work for a monetary foundation, in which case he exchanges with the organization's cash and credit, and is paid a mix of pay and reward. Then again, a dealer can work for himself, which implies he is exchanging with his very own cash and credit yet keeps the majority of the benefit for himself. Among the burdens of momentary exchanging are commission costs and paying endlessly the offer/offer spread. Since dealers much of the time take part in momentary exchanging systems to pursue benefit, they can pile on expansive commission expenses

      ---------- Post added at 01:01 AM ---------- Previous post was at 12:59 AM ----------

      A trader is a person who participates in the purchasing and selling of money related resources in any budgetary market, either for himself or for the benefit of someone else or organization. The primary contrast between a dealer and a financial specialist is the length for which the individual holds the benefit. Speculators will in general have a more extended term time skyline, while merchants will in general hold resources for shorter timeframes to benefit from momentary patterns.
      A dealer can work for a monetary foundation, in which case he exchanges with the organization's cash and credit, and is paid a mix of pay and reward. Then again, a dealer can work for himself, which implies he is exchanging with his very own cash and credit yet keeps the majority of the benefit for himself. Among the burdens of momentary exchanging are commission costs and paying endlessly the offer/offer spread. Since dealers much of the time take part in momentary exchanging systems to pursue benefit, they can pile on expansive commission expenses

      ---------- Post added at 01:02 AM ---------- Previous post was at 01:01 AM ----------

      A trader is a person who participates in the purchasing and selling of money related resources in any budgetary market, either for himself or for the benefit of someone else or organization. The primary contrast between a dealer and a financial specialist is the length for which the individual holds the benefit. Speculators will in general have a more extended term time skyline, while merchants will in general hold resources for shorter timeframes to benefit from momentary patterns.
      A dealer can work for a monetary foundation, in which case he exchanges with the organization's cash and credit, and is paid a mix of pay and reward. Then again, a dealer can work for himself, which implies he is exchanging with his very own cash and credit yet keeps the majority of the benefit for himself. Among the burdens of momentary exchanging are commission costs and paying endlessly the offer/offer spread. Since dealers much of the time take part in momentary exchanging systems to pursue benefit, they can pile on expansive commission expenses


    7. #36
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      Quote Originally Posted by alexthedefender04 View Post
      Trader - who is this? Is it a profession, a vocation or a lifestyle?
      In the forex market, of course there are several parties involved and giving influence in it or the term as a player in the market. Forex market players can be divided into several, namely as follows:
      Banks play an important role in the forex market.
      In carrying out its functions, sometimes banks will process the buying and selling of currencies on behalf of their customers. But in large quantities, the transaction will be carried out on behalf of the bank itself.
      The second forex market participant is the need of a company or business actor when making payments using foreign currencies. Basically a business sometimes requires funds in the form of foreign currency when making transactions, but actually the direct effect is not too pronounced in the state of a currency.
      The Central Bank in this case has a role as the controller of the money supply, the occurrence of inflation and also related to interest rates.
      Generally, Investment Management Companies that play in the forex market do not make this business the main source of income especially as a step of speculation.
      Next is Hedge funds. Hedge funds are companies that do play in the forex market as speculators.
      The last is a forex broker. Until now, forex brokers are still the party who most profit from the forex market. Basically, forex brokers can be individuals, groups or companies that have jobs to bring together customers / buyers with sellers of foreign currencies.


    8. #37
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      A trader is someone who is trained professionally to handle transactions in the forex market, sometimes we don't have many qualifications to become a forex trader, the determination to keep learning is the only quality that we might need because we will fail many times, however often we rise after each losses will then make us understand the market better, trading is a difficult advanced endeavour, it must never be undertaken until we are prepared, one challenge often encountered is that people are not willing to work hard, they want everything to be fast but actually they will lose mighty amount of money with complaints about how much they have lost, I believe we need to have patience with this market because of the temptation.
      Divergence: How I trade it


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    10. #38
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      To be a Forex currency exchange trader vocation and neither is it a Lifestyle, It is a status of being someone that has spent the required time to learn Forex currency trading, Stock trading, Commodity/precious Metal/Crude oil trading and all the skills that is associated with trading in it. A trader is supposed to understand the things involved in the Financial Market to be profitable, They should have a strong Money management policy, Good emotional control, Good strategy and lots of patience to go with it. A trader trades the Financial Markets and thus we are supposed to understand that such is a skill that should be developed for a source of income to be gotten from it.


    11. #39
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      No no sense at Raider is a person who exchange something for another thing and make profit from the difference of these so it depends on the business if the trader is in forex market and its mean he invest his money and exchange one currency to another currency and when you get good opportunity then he exchange and get profit or loss


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      Trader is a individual or a company that has the knowledge to make certain financial decisions because of what they know about the forex market, one thing that will make you a forex trader is knowledge, it would be counter productive to trade forex without having a solid background of this market especially the aspects of self discipline which has been the very first step that must be talked about before we can take the final step to invest our money, a trader is different from a gambler who is always taking decisions without having some basic understanding about where the danger are and how to avoid it, to become a forex trader, you need patience and money management.


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