Forex random walk
Forex random walk article is about the occupation. For the practice, see Day trading.
This article needs additional citations for verification. A day trader is a trader who adheres to a trading style called day trading. There are two types of day traders: institutional and retail. Both institutional and retail day traders are described as speculators, as opposed to investors.
Institutional day traders work for financial institutions and have certain advantages over retail traders due to their access to more resources, tools, equipment, large amounts of capital and leverage, large availability of fresh fund inflows to trade continuously on the markets, dedicated and direct lines to data centers and exchanges, expensive and high-end trading and analytical software, support teams to help and more. Retail day traders use retail brokerages and generally trade with their own capital. Auto traders use computer programs and other tools to enter trading orders automatically. Because this all happens with the help of a computer algorithm, it is also called algorithmic trading.