There are many types of forex traders who trade based on their personality and also circumstances to a larger extent. There can be someone who wants to make money fast and is very impatient would trade frequently with the thought process that the more you trade more you would make money. In this scenario trader would do several trade during a day. The trader’s money exposure would be very high similarly the risk factor.

There could be a pilot who is on move several times in a month and can’t monitor his trade regularly. He is a person having a different passion, which is flying but interested in making some money out of trading. In such scenario he would read and keep a track what’s happening globally and how are the economies of the different countries doing. He would trade with an aim of keeping the trade open for several weeks or few months since his job movement keeps him away for a longer time and he may have lesser scope of keeping a daily track.

Then there could be some who has a small business and can monitor the market post his business for couple of hours daily. This trader given a chance would grab any opportunity along with his business to make any extra income which in return may help him to boast his main business for expansion. This kind of trader would generally go for shorter time frame and exists, follow continuing the same pattern.