This is an explanation of the Trading type that is often used in the business.
Trading type refers to the style or trading method used by a trader. There are different types of trading types, each with a different approach and transaction time period. Some examples include day trading, swing trading, position trading, and scalping.
Day trading:
Make transactions within a period of one day or even shorter. Day traders attempt to identify profit opportunities within a short period of time and close their positions before the end of the day.
Swing Trading:
Trading in a longer period of time than day trading, which is a few days to several weeks.Swing traders try to take advantage of larger price movements over several days.
Position Trading:
Make transactions over a longer period of time, namely several weeks to several months, even years. Position traders try to take advantage of larger market trends and economic changes.
Scalping:
Make transactions very short, even in minutes. Scalper tries to capture small profits from fast price movements.