#TradingTypes101 In the world of trading, there are many approaches to trading, and each trader chooses a style that corresponds to their goals, character, and lifestyle. Here is a brief overview of the main types of traders:
1️⃣ Scalpers — make dozens (or even hundreds) of trades a day, profiting from the smallest price fluctuations. High concentration and quick reaction are necessary.
2️⃣ Day traders — open and close positions within one day. They do not carry trades over to the next day, avoiding the risk of overnight gaps.
3️⃣ Swing traders — hold positions from several days to weeks, trying to catch the 'waves' of price movement. Less stress, but more analysis.
4️⃣ Investors (or positional traders) — work with a long-term perspective. They assess fundamental factors, rather than short-term fluctuations.