#TradingTypes101 In the world of financial markets, understanding different trading types is crucial. Day trading involves opening and closing positions within the same trading day, aiming to profit from small price fluctuations. Swing trading focuses on capturing short-to-medium term gains over several days or weeks, riding "swings" in price. Position trading is a long-term approach, holding assets for months or even years based on fundamental analysis. Scalping is an ultra-short-term strategy, making numerous small trades to profit from tiny price changes. Finally, algorithmic trading uses pre-programmed computer instructions to execute trades at high speeds, often based on complex mathematical models. Each type carries distinct risk profiles and requires different skill sets.