The word of the day in #CRYPTO. WODT is: T R A D E R

I'll tell you a little about what a Trader is:

A TRADER is a person who is dedicated to buying and selling financial assets in the markets with the aim of obtaining profits. They can operate independently, using their own funds, or as employees of financial institutions, managing clients' money¹².

There are different types of traders, who are classified according to the duration of their operations and their market focus:

- Position or long-term traders: They keep their operations open for years, focusing on long-term market trends.

- Swing traders: They open positions that last days or weeks, using daily and four-hour time frames.

- Day traders: They carry out operations within the same day, avoiding holding open positions for long periods without supervision due to risk¹.

To be a successful trader, it is important to have knowledge of technical and fundamental analysis, as well as good risk management and trading psychology². Furthermore, with the rise of the Internet, online trading from home has become accessible to many, allowing people to operate in the financial markets without needing major diplomas or working in prestigious banks¹.

Leave me in the comments, what type of trader are you?

Links to Articles You Can Visit:

(1) What is a Trader and how to be one of them | Steps to follow - Admirals. https://admiralmarkets.com/es/education/articles/forex-basics/como-ser-trader.

(2) Trader - What it is, definition and concept - Economipedia. https://economipedia.com/definiciones/trader.html.

#Bitcoin #CryptoWatchMay2024 #btc

(3) What is a trader? Types of investors and their characteristics. https://guiadeltrading.com/introduccion-al-trading/que-es-trader/.

(4) What Is a Trader, and What Do Traders Do? - Investopedia. https://www.investopedia.com/terms/t/trader.asp.