#TradingTypes101 Main trading styles on the cryptocurrency exchange:
Scalping - very short-term trades, from a few seconds to minutes, aiming to gain small profits from minimal price fluctuations. Requires high concentration and quick response.
Day trading - trades are opened and closed within one day, traders use technical analysis to profit from intraday fluctuations.
Swing trading - medium-term trading, positions are held from several days to weeks, focused on larger price movements. Suitable for beginners as it allows more time for decision-making.
Arbitrage - buying cryptocurrency on one exchange at a low price and selling it on another at a higher price, profiting from the price difference. Requires quick execution and multiple accounts on different exchanges.
Futures trading - working with contracts on the future price of cryptocurrency without actual ownership of the asset.
Spot trading - buying and selling cryptocurrency with immediate delivery and transfer of ownership rights.
Automated trading - using algorithms and bots to automatically execute trades according to specified rules.
Position trading (buy and hold) - long-term holding of assets, ignoring short-term fluctuations, and focusing on fundamental analysis and trends.
The choice of style depends on the trader's experience, goals, and the time they are willing to dedicate to trading.
Thus, the main styles are scalping, day trading, swing trading, arbitrage, position trading, and automated trading.