technical trader

technical trader definition - finance
A trader who places trades based on the technical analysis of price charts. Technical traders analyze price charts to develop theories about what direction the market is likely to move. Some chart patterns that traders try to identify include head and shoulders, triangles, and price gaps. A technical trader ignores fundamental factors such as the change in supply and demand. Technical traders typically trade with the trend, not against it. In contrast, fundamental traders often trade against the market in a contrarian trading style.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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