THE ROLE OF TRADERS IN THE GLOBAL ECONOMY
Traders play a crucial role in the global economy by facilitating the buying and selling of goods, services, and financial assets. They act as intermediaries between producers and consumers, ensuring the smooth flow of products across markets. Trading has existed for centuries, evolving from bartering systems to modern financial markets where electronic transactions take place within seconds. Types of Traders Traders can be broadly classified into different categories based on their field of work: Stock Traders – These traders buy and sell shares in the stock market, aiming to profit from price fluctuations. Commodity Traders – They deal in goods like oil, gold, agricultural products, and metals. Forex Traders – These traders participate in foreign exchange markets, trading currencies to benefit from exchange rate differences. Retail Traders – Individuals who trade stocks, commodities, or forex from their personal accounts. Wholesale and Retail Goods Traders – Busines...