#TradingTypes101
📊 #TradingTypes101
Are you new to the world of trading? Here are the basic types you should know 👇
1️⃣ Day Trading:
Buying and selling assets within the same day. Requires high focus and quick decision-making. Suitable for those who enjoy real-time tracking!
2️⃣ Swing Trading:
Trades lasting from a day to several days. Relies on technical analysis and medium-term opportunities.
3️⃣ Position Trading:
Holding trades for months or years. Based on fundamental analysis and confidence in the overall market trend.
4️⃣ Scalping:
Opening dozens of trades within minutes or seconds to achieve small and quick profits. Requires experience and speed.
5️⃣ Algorithmic Trading:
Using programs and bots for trading based on specific strategies. Suitable for those with a programming background or who use ready-made tools.