#TradingTypes101
TradingTypes101
Are you new to the world of trading? Here are the basic types you should know 👇
1️⃣ Day Trading:
Buy and sell assets on the same day. Requires high concentration and quick decision making. Suitable for those who like instant follow-up!
2️⃣ Swing Trading:
Deals that last from one to several days. It relies on technical analysis and medium-term opportunities.
3️⃣ Long-term trading (position trading):
Hold deals for months or years. It is based on fundamental analysis and confidence in the general direction of the market.
4️⃣ Scalping:
Open dozens of trades within minutes or seconds to make small and quick profits. It needs experience and speed.
5️⃣ Algorithmic Trading:
Use software and robots for trading based on specific strategies. Suitable for those with a software background or using ready-made tools.
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