Discover Your Investment Style!

To start in the exciting world of cryptocurrency trading, you need to know #TradingTypes101 .

Types of trading

1. Day Trading: The Fast-Paced Market. Day Trading is for those looking for quick results. "Day traders" open and close their positions within the same trading day. Their goal is to capitalize on small price fluctuations, which requires constant technical analysis and agile decision-making.

2. Swing Trading: Capturing Price Waves

Swing Trading focuses on capturing larger price movements, known as "swings," which can last from a few days to several weeks. Swing traders do not worry about small daily fluctuations but seek to identify medium-term trends.

3. Positional Trading: The Long-Term Vision. Positional Trading is the longest-term strategy. Positional traders hold their assets for months or even years, basing their decisions on fundamental analysis, macroeconomic trends, and the long-term potential of a crypto project.

4. Scalping: Tiny Profits, Huge Volume. Scalping is an extremely fast form of trading where traders make a large number of trades to achieve small individual profits. These profits accumulate thanks to the volume, taking advantage of micro-fluctuations in price.

5. Automated Trading: Let the Bots Work for You. Automated Trading (or algorithmic trading) uses computer programs (trading bots) to execute trades based on a predefined set of rules. This removes human emotion and allows for trading 24/7.

Which of these types of trading interests you the most to get started?