#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 on the same day. Requires high concentration and quick decision-making. Suitable for those who enjoy real-time monitoring!
2️⃣ Swing Trading:
Trades that last from one day to several days. Relies on technical analysis and medium-term opportunities.
3️⃣ Position Trading:
Holding trades for months or years. Relies 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.