#TradingTypes101

The world of crypto trading offers different styles and strategies for every personality, schedule and pocket. Understanding your own trading persona is a crucial step towards navigating the markets effectively and avoiding falling into traps and scams.

Scalping: The Need for Speed🛑🛑

Are you a trader who thrives on adrenaline and quick decisions? Then scalping might be for you! Scalpers aim to profit from tiny price movements, entering and exiting trades within minutes or even seconds.

This high-frequency strategy demands intense focus and a deep understanding of market micro-trends.

Characteristics:

Timeframe: Seconds to minutes

Frequency: Very high

Pros: Limited exposure to market risk, potential for frequent small gains.

Cons: Highly demanding, requires constant monitoring, transaction fees can add up.