What type of trader are you? Using higher time frames has quite a few advantages, but it may not suit everybody.The short term and long term definitions are too wide.
In this cool infographic, New Zealand based Forex broker MahiFX showcases 7 types of traders with examples from famous traders and their trades.
More details about the infographic are available below, in the official press release. You can view the interactive infographic here.
LONDON, 26 June, 2012 – MahiFX, the proprietary-built retail foreign exchange (Forex/FX) trading platform, released a Forex Trading Styles Infographic today examining the seven key trading strategies employed by FX traders: Position, Technical, Day, Trend, Carry, Scalping and Mean Reversion.
Titled “What Forex Trading Style Suits You?” the new Infographic examines the differing strategies employed by famous traders ranging from Warren Buffet and George Soros to Paul Rotter, aka The Flipper. The Infographic offers a visually appealing, detailed informational tool for FX traders of all ability levels to better understand sophisticated trading strategies and how to exploit currency market movements.
“With this Infographic we have created not just a collection of interesting, fast forex-related facts, but also a visually engaging and entertaining resource for anyone interested in the heritage and skills associated with FX trading”, says David Cooney, CEO of MahiFX. “By illustrating the strategies employed by some world-famous traders, we also hope to highlight to the FX community that MahiFX offers an ever expanding package of educational and technical analysis tools and charting features necessary to employ their differing trading strategies.”
Developed by ex-interbank traders, analysts and developers, MahiFX is headed by David Cooney, former global co-head of currency options and e-FX trading at Barclays Capital and Susan Cooney, former head of electronic FX institutional sales in Europe for Barclays Capital. Operating as a market maker, MahiFX provides institutional level pricing and cutting edge technology to retail FX traders.
MahiFX previously released an acclaimed HTML5 interactive Infographic tool inviting landing page visitors to compare their annual income with super-trader John Paulson, who is said to earn in excess of $500,000 (2010) per hour.