#TradingTypes101
In the crypto world, not all traders are the same. Let's get to know the 4 most common types of traders on Binance:
1️⃣ Scalper – Fast, agile, and highly focused! Scalpers open and close positions in minutes or even seconds. Perfect for those who love adrenaline and can monitor the market continuously.
🕒 Timeframe: Seconds - Minutes
2️⃣ Day Trader – No overnight positions! Day traders look for opportunities within a single day and close all positions before the day changes.
📆 Timeframe: Minutes - Hours
3️⃣ Swing Trader – Patient and strategic. Swing traders hold positions for several days or weeks while taking advantage of medium-term trends.
📈 Timeframe: Days - Weeks
4️⃣ Position Trader – Long-term investment style. Focuses on fundamentals and major trends, not daily fluctuations.
📊 Timeframe: Weeks - Months
🔍 Understand your trading style before entering the market. Each type has different strategies, risks, and opportunities.