Trading Types 101
Trading involves buying and selling financial assets for profit. The main types include day trading, where positions are opened and closed within the same day; swing trading, which holds assets for days or weeks to capture short-term trends; and position trading, focused on long-term trends, often lasting months. Scalping targets small, quick profits from minimal price movements. Algorithmic trading uses computer programs to execute trades, often at high speed. Finally, copy trading allows investors to mimic experienced traders. Each style varies in risk, time commitment, and strategy, making it essential to choose one that fits your goals.