Trader Place your profile within these models and correct errors in the trading
Commensurate with their experience:
Rookie Trader: Take intermittently between 3 months and 6 months on the market, cree in high yields with little positive, will not lose their positions liquidated quickly, operates with emotion and heart. Lacks a plan or do not follow regularly. It works only with own money and is immune to failure. It leverages a disproportionately to their capital. Unless you've read two books and has done a course on line without checking results in an appropriate manner. You have lost between 25 and 50% of the capital in less than three months.
Intermediate Trader: take more than 6 months, had become aware of their knowledge, and above all have felt the emotional weight of their business. You should begin to anticipate movements in studies of fundamental type or Technical Analysis. Program has no entry points. Know how but do not know when. It is still dominated by their emotions. However, the strategy has continued methodically. It is very sensitive to the views of the gurus of the moment. Has little confidence in their analysis and spends too much time at your computer without producing efficient working models.
Advanced Trader: Take more than 6 months but less than 1 year in the market. Unlike the Intermediate Trader profile has specialize through a more organized and has received help from professionals, while lacking an efficient business plan, but has pulled its working methods and strategy. Known to limit their losses, even though occasionally succumbs to his emotions run operations leaving negative. Has begun working with their own and investors, is more responsible and have more confidence in their operations. It has begun to hold their gains on a monthly basis. It has begun to live in this activity. The proper handling of leverage should be maintained. Taking risks with ratio 2 / 1 - 3 / 1 (The first number is the target gain, the second loss bearable amount of points.)
Professional Trader: Take more than 1 year with an average minimum of 3 to 3.5% gains in the last 3 months in the accounts it manages. He has obtained material for his skill. Have a Business Plan in the medium and long term. He has organized his methods, strategies and tactics. Opera without emotion as automatically executes its plan generally settled their positions through Orders Entry. Meet the expectation of own trading system and applies the law of large numbers. You should maintain a commercial area in your business. This reached a status of life through better management of their portfolio in forex and proper handling of leverage. Taking risks with ratio 2 / 1 - 3 / 1 (The first number is the second objective of profit losses in the number of points.)
According to their characteristics:
Farmer (Farmer): This is a conservative profile in terms of efficient portfolio management. Its collected from third parties to manage accounts. Enter with a risk ratio of close to 4 / 1, especially at the scheduled stop. It is suitable for long-term business. Those who have a characteristic intra performed between 2 and 3 transactions per day, almost always with the same currency pair and the same strategy. Sound, reviewers, low emotionality and high performance won and lost between operations. Working hours should be between 5 to 7 hours daily. Strength: Patience and Planning.
Hunter (Hunter) as among those who manage less managed accounts, are leaders in performance, think of small operations in both time and amount of points. Blood and are active and agile when executing orders. They are more of a marketing strategy. Those taking the intraday pattern performed between 5 and 8 pairs with various operations. They are on the lookout for opportunities, work more hours between 8 and 12 pm. Day. Manage a risk ratio of close to 2 / 1. Strength: Flexibility and Agility to the market (Timing).
Gambler (gambler): We find this profile among those who usually manage their own money or money from third on a single account. Seeking to develop normally administer the fund in the short term, high leverage, risk taking a ratio of 1 / 3. He is entering the market as irregular as to the frequency. Using multiple pairs volatile and vary the operating strategy. Usually make use of tactics of hedge coverage and the kind of leverage to bend after a series of losses. They are emotional and are always in the market. Strength: Productivity and boldness.
Note: Probably when I read these profiles has been identified with more than one, are not categories that are but a trader can participate in several characteristics or form a mix of several profiles. What is a recommended practice is consistent with their training, to choose the most appropriate according to the efficiency that is sought.
