#TradingTypes101

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Best 101 Types of Trading.

Every trading type has its own style and ways of tackling strategies, risk, and time. Day trading is the most common style where inverted commas, an asset is bought and sold for a profit within a given day, using technical analysis strategies and counting on market momentum. Swing trading is a bit longer, lasting from days to weeks and focuses on capturing short to medium-term trends. Scalping is the complete opposite with trades being made within a matter of seconds or minutes for small profits. Position Trading is longer-term trading- it focuses on macro trends with fundamental analysis. Then comes the newest form of trading, algorithmic trading that uses trading bots and decided algorithms to automate the entire decision-making process. Novices can use copy trading that helps them mirror proficient traders. All these different trading types require a different set of skills, tools, and even discipline. Deciding the right trading approach to adapt to purely depends on the traders goals, emotional strength, and inactive engagement with the market.