In the realm of finance, understanding the distinction between a trader and an investor is crucial. Traders, who operate on shorter timeframes ranging from minutes to hours, contrast starkly with investors who adopt a more passive approach, holding onto stocks for months to years in anticipation of long-term gains.

Technical analysis is the cornerstone of a trader's decision-making process, utilizing historical price trends through graphs and charts to ascertain buying and selling points. Investors, on the other hand, lean on fundamental analysis, delving deep into industry research, company balance sheets, and news releases, a luxury afforded by their longer investment horizon.

For traders, keeping an eye on intra-day market movements is vital. Various trading styles are available, each suited to different preferences and skills.

Among these is Scalp Trading, a high-velocity strategy ideal for those seeking an adrenaline-fueled trading experience. Involving rapid buying and selling within seconds or minutes, the aim is to make a multitude of trades throughout the day for small gains that cumulatively result in significant profits. However, it requires a minimum equity balance of $25,000 due to platform requirements and carries the risk of quick losses.

Momentum Trading, another intra-day strategy, differs from day trading in its execution. It involves buying at a low point and selling at a high, requiring accurate technical analysis to predict the peak of a position. This strategy allows for multitasking but demands vigilant monitoring.

For those favoring less active approaches, Swing Trading and Position Trading offer alternatives. Swing Trading involves holding positions overnight or up to a week, while Position Trading extends over several months to a year. Unlike investing, these strategies rely on technical analysis and price projections.

Automated Trading or Algorithmic Trading is gaining popularity among day traders for its efficiency. This technology enables the setting of buy and sell orders based on predefined rules, significantly enhancing productivity.

Automation to monitor market volatility and provide trading suggestions, offering tools like an automated trading platform for paper trades and a Forex automated trading bot.

Successful Day Traders possess a unique mindset, marked by courage and discipline. They manage large sums of money daily, aiming for maximum profits while being prepared for inevitable losses.

When embarking on a trading career, one must consider the lifestyle implications of different trading styles. Active trading demands constant market surveillance and a strong educational background in technical concepts. In contrast, position trading and long-term investing are more relaxed, allowing for trading at one's convenience.

Practicing on a trading simulator like Tickeron's "Paper Trade" is advisable before committing to a specific trading style. This allows for experimentation without financial risk, helping traders find the style that best suits their preferences and skills. Over time, traders may transition between styles, starting with position trading and moving towards more active forms, or vice versa. Tickeron's platform supports this exploratory journey, enabling traders to discover their most effective trading approach.