Who you will Meet on a Forex Forum
Description: This article looks at the 5 types of traders you will find on a forex forum.
If you sign up to a forex forum, you should know about the people you are likely to come across. As with every forum, there are certain specific types of people that use the forum. You need to know how to identify the type of person whose posts you are reading. The reason for this is that once you know the type of user they are, you know whether to take what they say to heart or not. There are essentially 5 types of forex forum users that you need to know about.
The New Trader
The new forex trader is the easiest person to pick out on the forex forums. These traders generally have a million and one questions for the forum. A lot of these forum users will also state that they are new to trading when they ask for advice. They may have some odd views of trading as they have not had much experience.
If you are a new trader then you should be wary of the information you get from other new traders. The reason for this is that you probably have the same level of experience; this means that they are not likely to know that much more than you.
The Forex Forum Know-it-all
Every forum type will have the know-it-all. On the forex forum, you can identify these types by the fact that they generally criticise all the trading strategies and systems that people talk about. They often come across as rather hostile as they rip into every analysis presented on the forum. These traders generally boast about how much they are making on the market, and are basically using the forum as an ego boost. The problem with these forum types is that they generally never give solid advice to people on the forum. They simply cut people down.
The Forum Troll
Forum trolls are easy to identify as they like to stir things up. They generally reply to threads in a manner which causes a heated discussion which may not actually leave you with any useful knowledge. There are different types of trolls that you should be aware of. The one type is the pure troll who does nothing other than cause problems. The other type is the part-troll who sometimes trolls the forum but at other times is actually quite helpful.
The Novel Writer
The novel writer is actually one of the good forum types. The one problem you may find with them is that all their posts are very long. You will feel like you are reading a novel, and a lot of it may not have any value to you. You can often get some good information from these users if you have the time and patience to read their entire post.
The System Trader
The system trader is easy to find as they are always posting about new systems they have found. They generally give very detailed posts on the system, which can be helpful. However, the problem is that they often come up with a new system every week.
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