Who are the micro traders?

<p id="isPasted">Micro traders are primarily retail investors who use small-scale strategies and specialized accounts to participate in financial markets with minimal capital. The term typically refers to two distinct but related groups:&nbsp;</p><p><strong>1. Small-Scale Retail Traders</strong></p><p>These are individual investors, often beginners, who use Micro Accounts to trade with very low financial risk.&nbsp;</p><ul><li>Trade Size: They deal in micro lots, which are 1,000 units of a base currency (1% of a standard 100,000-unit lot).</li><li>Capital: They often start with deposits as low as $1 to $50.</li><li>Purpose: These traders use micro accounts to gain real-market experience and test strategies without the high psychological stress of larger positions. </li></ul><p><strong>2. Strategic "Micro Movement" Traders</strong></p><p>This group uses a high-frequency trading strategy focused on capturing tiny price fluctuations over very short periods.&nbsp;</p><ul><li>Frequency: They may place between 10 to 60 trades per day, often holding positions for only a few minutes or seconds.</li><li>Profit Goals: They target small gains, typically between 5 to 10 pips per trade.</li><li>Common Styles: This includes scalpers, grid traders, and those using high-frequency algorithmic bots. </li></ul><p><strong>Key Characteristics of Micro Trading</strong></p><ul><li>Automation: Many micro traders rely on algorithmic software and trading bots to execute rapid entries and exits.</li><li>Technical Focus: Decisions are almost entirely based on technical analysis, including candlestick patterns and charting indicators.</li><li>Asset Classes: While most common in Forex, micro trading is also popular in micro futures (like Micro Gold or Micro E-mini S&amp;P), stocks, and cryptocurrencies. </li></ul>