#TradingTypes101
Ever wonder how traders operate? Here are some fundamental approaches:
* Day Trading: Opening and closing positions within the same trading day to profit from short-term price movements.
* Swing Trading: Holding positions for a few days to several weeks, aiming to capture "swings" in market trends.
* Position Trading: A long-term strategy where traders hold assets for months or even years, focusing on major market trends and fundamental analysis.
* Scalping: Extremely short-term trading, making numerous small profits from tiny price changes, often within minutes.
* Algorithmic Trading: Using computer programs to execute trades automatically based on pre-set criteria.
Each type suits different risk appetites and time commitments. Understanding them is key to finding your trading niche!