Macro Trader
The longest-term trader, basing decisions on fundamental analysis with holding periods from around six months to multiple years.
Related terms
Fundamental Analysis
Analysis of the economic and political factors that influence prices, from the overall health of an industry or country to company-specific details such as management decisions, revenue and profit. For currencies this includes interest rates, inflation, GDP growth and central bank policy, and it can be applied to indices, stocks, forex and commodities.
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Traders of significant size, including pension funds, asset managers and insurance companies. They are viewed as indicators of major long-term market interest, as opposed to shorter-term intra-day speculators.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
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A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
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Traders who expect prices to rise and who may be holding long positions.
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