Who is said to be a range trader?

<p id="isPasted">A range trader is an individual who employs a trading strategy known as range trading or trading within a range. Range traders aim to identify and capitalize on price movements within a specific price range or channel.</p><p>Range traders typically look for areas on price charts where the price repeatedly bounces between support and resistance levels, forming a clearly defined trading range. They aim to buy at the lower end of the range (support) and sell at the upper end (resistance), profiting from price fluctuations within the established range.</p><p>Range trading is often applied in markets or securities that lack a clear trend and exhibit sideways or consolidating price action. Range traders rely on technical analysis tools, such as support and resistance levels, trendlines, and oscillators, to identify and confirm the range-bound conditions.</p><p>Range trading can be suited to traders who prefer a more systematic and disciplined approach, as it involves establishing clear entry and exit points based on the range boundaries. It requires closely monitoring price movements and adjusting positions as the range evolves.</p>

<p id="isPasted">Range trading strategies are popular because markets only trend – moving in a single, strong direction – a fraction of the time. Most activity is found in a range, so it’s an essential skill to be able to find opportunities in any sideways price action.</p><p>Range trading is used most by those who subscribe to short-term styles of trading, such as scalping and day trading. That’s because it’s focused on taking quick positions in the movement between two levels, rather than a long-term trend.</p><p>It’s also a common strategy for forex traders, who look to take advantage of the small and fast price changes in exchange rates.</p>