💡 What are the different types of trading? #TradingTypes101
In cryptocurrency trading, there are several main types of trading, and it's important for every beginner to understand the difference between them. For example:
📉 Day trading — this is active trading throughout the day with the aim of profiting from price fluctuations. 🕰 Swing trading — holding a position for several days or weeks to catch larger market movements. 📊 Scalping — this involves super short trades on minute charts. Speed and concentration are required here. ⏳ Holding (investing) — buying coins and holding them long-term, without frequent trades.
Each style has its pros and cons. For example, I tried day trading and realized that swing trading suits me better: less stress, but still movement and profit.