There are many classifications of traders in the trading market usually put under two main groups, the short-term and long-term traders, which can further be subdivided into smaller clusters. The long-term traders usually purchase the trading coin at the lowest prices available. They do not curve under any pressures of the market that come about with extreme losses, therefore, exercising high levels of patience. Their main goal is to acquire profit after some time. They can comfortably trade out the coin when the market is at its peak. As for short-term traders, their main goal is to acquire their profits within a limited period, gaining quick assets. They are set to purchase and sell their assets as often as possible in 24 hours. This type of trading is recommended for those with vast experience in the trading sector who are not bound to time limits to keenly carry out their market analysis. Those who are well-informed about the current trends in the trading market have an added advantage. This is better than long-term since they can act on the market rates, reducing their probability of losses.
Day traders
These traders fall under short-term traders. They are the most devoted since they participate in the market during active hours. They entirely rely on cryptocurrency trading to be able to fulfill their wishes in daily life. These traders depend on the fluctuation of prices to know when to let the best go of their assets. In addition, they usually have an analysis of the dynamic market that guides them on the progress of the current market. Hands-on involvement and all-time concentration are required. However, if not careful, they are subjected to losses due to the rapid fluctuation in the market. Day traders can use many platforms, including Quantum AI, which provides daily insights on which trade opportunities to consider for daily gains.
Position traders
These traders are classified under long-term traders. They are not bound to the current trends like the other traders. They tend to look into the market carefully before investing in it. Coin’s white paper is the material they study, then compare it with other markers versus other currencies based on their performances. They go for the kill on the assurance of long-term results. These traders must gain adequate experience and be very keen on the market. It is recommended that one begins with little progress when there is complete reassurance of positive outcomes.
Bull traders
It is the most known in the trading market. It is similar to forex trading in that they are optimistic about the high movement of prices. They depend on the value of assets increasing, making a purchase when they are assertive on a constant currency in the market. Them holding on to their support is directly proportional to the performance of the market prices. If high, they will keep their assets with them, but as the market reduces in price, they tend to let them go.
Bear traders
These traders are the opposite of the latter in that they trade relative to the falling market. They exploit the denial crypto market cycle phase. Scrutiny of the various factors in the market is done to aid in the prediction of the future. They sell out their assets while the need is high during the denial phase, while other traders hope it is a minor fall in the market. Familiarity, patience, and substantial research are essential for comprehending the market season.
Cryptography whales
Cryptocurrency whales are big traders who are the backbone of the crypto ecosystem. Those with more significant quantities than 1000 BTC are considered to be in the group. They greatly influence the market because the more they are in a particular market, the more traders are comfortable investing in it, meaning the market is reliable. However, other traders must be sleek to avoid the tricks set out by the whales to recover their assets and gain new ones. This is done through the invention of a delusional downturn.
Summary
The various trading categories depend on the quantity of the coins available, time, and the trader’s skills. In summary, trading is an open ground for everyone. It is one’s responsibility to try out the different types of trading and settle with the one that seems comfortable and manageable to them. In all trading opportunities also, it is essential to know the impact of whales of big traders whose single trades can affect the market or give a signal for price changes. The signals are identified as fake signals, and all traders, regardless of the investment or trading opportunity, should watch out for the impact of crypto whales to avoid making trading decisions that are not due to market or trade movements.
