#TradingTypes101 Traders fall into five main types based on how long they hold positions and their strategy. **Scalpers** make rapid trades within seconds or minutes to profit from tiny price moves. **Day traders** open and close all trades within the same day, avoiding overnight risk. **Swing traders** hold positions for days to weeks, targeting short-term trends. **Position traders** (or trend traders) keep trades for months, focusing on long-term gains. **Algorithmic traders** use automated systems and code to execute trades at high speeds based on pre-set rules. Each style suits different personalities, time commitments, and risk tolerance levels.