Thread: Kinds of Traders based on their trading mindset

Based on their mind-set traders are divided into two categories:


The Dependent Trader: This type of person is usually looking for the easy way out, looking to make a quick buck, or wants to strike it rich. They think it’s possible to “follow the crowd”, blindly place trades pumped out by a system that “can’t lose”, and quit their job. The bottom line is that this type of trader is dependent on someone else for their financial success – forever, for life. Yes, The Dependent Trader can be successful with this attitude, but I believe the odds of success are low (I dont know the "%").


The Independent Trader: This type of person wants to have as much control of their financial destiny as possible. They understand that when they know how the markets work, they’re empowered to place informed trades without having to rely on someone else. Someone who is an Independent Trader knows they are maximizing their odds of success in the markets, which can make their financial and lifelong dreams come true that much more quickly. The bottom line is that this type of trader holds the keys to the kingdom, and has control of their financial future for their entire life, no matter what happens.


Most of us fall in one or the other category due to various reasons. What kind of trader are you?

Yes, the independent trader are the best way to make money in this business. so many trader are get the nice experience when using a good money management. so this is a great challenge for trader to make a consistent in they trading. like me in Armada Markets. they give me a suitable place for scalping trade with lowest spread and fast execution speed

very interesting....this is exactly what most of the traders go through.