#TradingTypes101 Trading encompasses various strategies, each tailored to different timeframes and risk appetites:
* **Scalping**: Involves executing numerous trades within seconds or minutes to capitalise on small price movements. It demands high focus and quick decision-making.
* **Day Trading**: Positions are opened and closed within the same day, aiming to profit from intraday price fluctuations. This strategy requires constant market monitoring and swift reactions.
* **Swing Trading**: Trades are held for several days to weeks, targeting short- to medium-term trends. Swing traders often rely on technical analysis to identify entry and exit points.
* **Position Trading**: This long-term approach involves holding positions for months or years, focusing on fundamental analysis and major market trends.
Each trading style requires specific skills, tools, and risk management techniques. Traders should choose a strategy that aligns with their financial goals, risk tolerance, and time commitment.