#TradingTypes101

Types of Traders for Beginners

Day Traders

Day traders buy and sell cryptocurrencies within the same day, in an attempt to profit from small price movements. Day trading is a very risky trading strategy, and it is not suitable for beginners.

Swing Traders

Swing traders hold cryptocurrencies for a few days or weeks, in an attempt to profit from medium-term price movements. Swing trading is less risky than day trading, but it still requires a good understanding of the cryptocurrency market.

Position Traders

Position traders hold cryptocurrencies for months or even years, in an attempt to profit from long-term price movements. Position trading is the least risky trading strategy, but it requires a lot of patience and discipline.