#TradingTypes101
When it comes to crypto or forex trading, understanding different trading types is essential for building a solid strategy. The most common types include day trading, swing trading, scalping, and position trading. Day traders open and close positions within the same day, focusing on short-term price movements. Scalpers go even shorter, often entering and exiting trades within minutes to grab small profits. Swing traders hold trades for days or weeks, aiming to capture larger market moves. Meanwhile, position traders take a long-term approach, often holding for months. Each type has its pros and cons, and your choice depends on your risk tolerance and time commitment.