#MyTradingStyle If you are an absolute beginner, let's start from scratch. Trading involves buying and selling financial assets, trying to turn market movements into profits. Some traders make instant decisions, while others take a slow and steady approach.
After more than a decade in the markets, I can assure you of the following: understanding your trading style is not only useful but essential.
The four main types of trading:
✔ Day traders
They buy and sell financial instruments on the same trading day. Their goal is to take advantage of short-term price fluctuations and usually close all positions before the market closes to avoid overnight risks.
✔ Swing traders
Swing traders hold positions for several days or weeks, looking to take advantage of medium-term price fluctuations. They seek to capitalize on market fluctuations by identifying bullish or bearish trends.
✔ Position traders
They hold positions for months or even years, focusing on long-term trends. Their goal is to benefit from significant price fluctuations over an extended period.
✔ Scalpers
They make numerous trades throughout the day, holding their positions for seconds to minutes. Their goal is to obtain small profits from small price fluctuations, accumulating gains over time.
