#OrderTypes101 with a brief explanation for each to help you choose the most suitable for you:
Day Trading: This type relies on opening and closing trades very quickly within the same day, aiming to achieve small profits from instantaneous price fluctuations. It requires high concentration and continuous market monitoring.
Swing Trading: In this type, the trader holds the financial asset for days or weeks, aiming to benefit from medium-term price movements (swings). It is a good option for those looking for a balance between time spent and risk.
Long-term Holding (HODLing): The word "HODL" means "Hold On for Dear Life" or "Hold Your Precious Life". Here, the trader buys the asset and holds it for very long periods, often for years, believing in its value.