what kind of trader R U ?

Well, one of the first questions to ask is, “how much time do I have to trade currencies and how long can I comfortably be in a position?”
We can identify different trading personalities by timeframe. Take a look at these different styles and see which one may fit you.Scalping – Scalpers are very short-term traders, usually in and out of trades within seconds. Most forex brokers discourage this type of trading. It's also extremely dangerous due the high number of lots required to make a decent profit off a couple pips. Not for the faint of heart or shallow pockets. Day traders – Day traders open and close positions in the same trading session. Swing traders – Swing trading holds trades for days. Position trading – Long term position traders hold trades from weeks to months at a time. Next question to ask is, “how do I want to analyze the market and decide on which trades to take?”Technical Analysis – using charts and technical indiors to analyze the past price movements of a currency pair to possibly see where the price may go in the future. Fundamental Analysis – Watching and analyzing economic news reports and indiors such as GDP, CPI, Employment data, or any political news that may affect a country's economy and their currency.

I am a day trader, who trades on the 1 HR chart. I let the fundamentals lead me to a pair, and then I let the technicals guide me to a specific entry, stop and limit within that pair. For me, it's not about how many pips I can make, instead, it's about how consistent my winnings are. I would rather have a consistent winning egy that only wins 20 pips a day, as opposed to one that wins 200 pips per day, but looses 10 trades in a row on average. Also, I think a lot of traders combine the many descriptions that you mention above, especially when it comes to fundamental and technical analysis.

I trade off any time frame from the 30m to the Daily that's showing a trendy behaviour. I trade off technicals and I try to avoid being positioned in the market when news important news announcements hit the wires.

Money can be made off every timeframe and every type of trading whether it be swing, day, scalp etc. Basically the lower the timeframe the more the stress, the more the profits and the more time is required to manage the chart of your choice. Scalping is the easiest way to make regular money each day but here in the UK we have tax free spread betting which makes it easy. It should be the same in the US but taxes and execution commissions are the additional costs. If I can offer two bits of advice; 1. Trade what you see and NOT what you hope, and 2. If you make a loss on a chart stick with that chart as the profits have moved closer. You only need good luck if you don't have a good system. If you have a good system then all you need is patience.
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