Who Is a Forex Trader?

A Forex trader is an individual or entity that participates in the foreign exchange market by buying and selling currencies to profit from exchange rate fluctuations.

Types of Forex Traders:

✔ Retail Traders – Independent traders managing personal accounts.
✔ Institutional Traders – Banks, hedge funds, and corporations engaging in large-scale forex transactions.

How Forex Traders Make Profits:

• Buying undervalued currencies and selling when prices rise.
• Selling overvalued currencies and buying them back at lower prices.

Forex traders aim to capitalize on market movements using technical analysis, fundamental analysis, and risk management strategies.