If you intend to be currency markets player you should learn some fundamentals. You can find various kinds of currency markets players. You will be each day trader and jump in and out of stocks each day trying to grab enough small gains on big share holdings. I believe of the like betting large sums on the favourite in a horse race showing or can be found in third. That is gambling if you ask me. We’d call these kinds of players “jumpers” because should they lost an enormous bet they could just jump out the window of a tall building. Most day traders get broke promptly. Leave that to the experts who don’t achieve this well at it either.
There will be the speculative traders who’ll hold a stock for small amount of time periods of a couple of days to some months. If done properly this could be the best kind of trader to be. Then you can find the buy and hold investors. Warren Buffet was probably the most successful buy and hold investor ever sold. He was but still is really a “buy and die” investor. During the past when commission fees were sky high also it was costly to trade stocks this way this was a fantastic strategy. Now the fees have become reasonable therefore the strategy has changed to become more speculative.
These forms of traders could be divided farther into two main groups, the technicians and the fundamentalists. A pure technician will depend on his charts exclusively to check out patterns over history and utilize the patterns of several stocks to create his strategy. The pure fundamentalist will probably depend on the income statement, balance sheet along with other financial documents of an organization to choose if the business enterprise is strong enough for him to place his money into its shares. Most traders work with a hybrid of both types, the technician and the fundamentalist.