"Trading 101" refers to the fundamentals of trading in financial markets. This includes the buying and selling of assets such as stocks, currencies, indices, and cryptocurrencies, with the aim of making profits. The basic types of trading are trend trading, swing trading, day trading, and scalping.
Types of trading:
Trend Trading (Position Trading):
Holding positions for a long period (weeks or months), taking advantage of upward or downward movements of an asset. It is based on identifying directional trends rather than predicting price levels, according to Cryptohopper.
Swing Trading:
Identifying and taking advantage of short to medium-term price movements, generally from days to weeks, looking for patterns and trends.
Day Trading (Intraday Trading):
Opening and closing positions within the same day, taking advantage of short-term price movements.
Scalping:
Executing very short-term trades, often within seconds or minutes, seeking small profits on each transaction.
Long-Term Trading (Position Trading):
Holding positions for an extended period, sometimes years, seeking long-term profitability, according to Your Stock Forum.