$USDC To determine your trading style, consider the following popular options¹ ²:
- *Day Trading*: Involves opening and closing positions within a single trading day, focusing on short-term price movements. This style requires constant market monitoring and quick decision-making.
- *Pros*: Potential for quick profits, avoids overnight risk.
- *Cons*: High stress, requires intense focus.
- *Swing Trading*: Holds positions for several days or weeks, capturing short to medium-term price movements. This style relies on technical analysis and chart patterns.
- *Pros*: More flexible than day trading, allows for bigger potential gains.
- *Cons*: Requires patience, may involve overnight risk.
- *Position Trading*: Involves holding positions for weeks, months, or years, focusing on long-term market trends and fundamental analysis.
- *Pros*: Potential for significant gains, less stress.
- *Cons*: Requires patience, may involve significant market fluctuations.
- *Scalping*: Aims to profit from small price changes by executing numerous trades within a short period.
- *Pros*: Potential for quick profits, can be exciting.
