Trading is the buying and selling of assets (stocks, currencies, cryptocurrencies) for profit. Let's discuss 5 main types:
1️⃣ Day trading (Intra-day trading)
- Trades are opened and closed within one day
- Minute and hourly charts are used
- Suitable: if you can dedicate 4-8 hours a day to the market
2️⃣ Scalping (Ultra-short-term trading)
- Dozens of trades per day lasting seconds-minutes
- Earning on minimal price fluctuations
- Requires: instant reaction and nerves of steel
3️⃣ Swing trading (Medium-term)
- Positions are held from 1 day to several weeks
- Analysis based on daily and 4-hour charts
- Ideal: for those who do not want to sit at the screen all day
4️⃣ Positional (Long-term)
- Trades lasting months and years
- Based on fundamental analysis
- Pros: minimum time, less stress
5️⃣ Algorithmic trading (Robots)
- Trading based on pre-written algorithms
- Does not require constant monitoring
- Cons: programming skills are needed
#🔹 **How to choose?**
- Beginners are better off starting with swing trading
- Active trading is suitable for day trading
- For the patient — positional style
Save this guide! What style are you interested in? Write in the comments! $BNB