#TradingTypes101 There are several types of traders in the crypto market, and understanding your trading style is key to long-term success. Day traders aim to profit from short-term price movements and close their positions within the same day. Swing traders hold assets for days or weeks, capitalizing on medium-term trends. Scalpers make dozens of trades in a day to gain small profits, relying heavily on technical analysis. Position traders are more long-term, focusing on fundamentals and holding positions for months or even years. Each style has its own risk profile, time commitment, and strategy. Knowing your trading type helps in crafting a focused plan and staying consistent in the volatile world of crypto.
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