#TradingTypes101 Trading Types 101 š§ š
Getting into trading? Knowing your style is key! Here are the main types:
1. Day Trading ā Fast-paced buying/selling within the same day. Requires focus and quick decisions.
2. Swing Trading ā Hold positions for days or weeks. Ideal for those who analyze trends.
3. Scalping ā Ultra-short trades to profit from small moves. High volume, high intensity.
4. Position Trading ā Long-term trades based on macro trends. Patience is a must.
5. Algorithmic Trading ā Uses automated systems and data. Great for tech-savvy traders.
Each has its pros and risksāchoose what fits your lifestyle and mindset.
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