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Module 1 – Lesson 13 – Traders and their characteristics

on commodities, to countries economic conditions, to macro-economic analysis and monetary and political
situation, rather than to the analysis of a segment of the market and the company’s competitors, and with
regard to currencies, in particular to the decisions of central banks.

Traders who entrust their operational decisions on technical analysis.
Usually swing, day traders and scalpers use a market approach of this kind (but also in the long term is much
used). These traders claim that any news, event, geopolitical situation (and so on and so forth) is already
showed, i.e. represented, in the price. They think the price already includes and shows everything. According
to these theories, all that remains to do is read the price, analyse the behaviour and configurations with
technical tools, and act accordingly.

3. the common denominator of every trader
In any case, distinctions aside, the lowest common denominator that brings together all the traders is that
they are people who do their studies and their analysis usually in front of one or more PC monitors, dedicating
their workday to this activity, which can be longer compared to a traditional job.

With the evolution of computer science, some of them have managed to bring their decision-making patterns
within a complex system of computing rules, creating automated trading systems, or Expert Advisor, which,
thanks to a minimum or no supervision at all, operate on the market on behalf of the trader.

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