3 retail trader categories
- Long-term investor ('boursicoteur'). Buy-hold stocks + ETFs. Statistically wins.
- Swing trader. Days to weeks. 30-40% win net.
- Day trader / scalper. CFD, futures. 97% lose.
80% of YouTube/TikTok trading content targets cat 3 — because that's the most lucrative for affiliated coaches.
The honest path
1. Understand microstructure (book FX Traders vs Brokers). 2. Choose a broker without hidden affiliation. 3. Learn institutional flows, not price action.
Derivatives Trading by Djellal Djouad: $60/month, 5.0/5 on 177 reviews, Bloomberg Pro Terminal included.