#TradingTypes101
๐ #TradingTypes101 | The Basic Trading Types You Should Know
Are you new to the trading world? ๐ค Hereโs a simplified look at the 3 most popular trading styles, each with its own strategy and different time frames โณ๐
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๐น 1. Day Trading
๐ Duration: Minutes to Hours
๐ผ Style: Opening and closing trades on the same day
โก๏ธ Goal: To benefit from quick price movements
๐ Requires: Constant market monitoring โ Discipline โ Real-time analysis tools
๐ก Ideal for: Those with enough time and skill in technical analysis
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๐น 2. Swing Trading
๐ Duration: Days to Weeks
๐ Style: Holding trades for a short/medium period
๐ฏ Goal: To ride price waves during moderate volatility periods
๐ Requires: Good understanding of technical analysis + Following news
๐ก Ideal for: Those who do not have time for daily monitoring but prefer more activity than long-term investing
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๐น 3. Position Trading
๐ Duration: Months to Years
๐ Style: Investing in long-term market trends
๐ Goal: To achieve significant profits from large market movements
๐ Requires: Patience, strategic vision, understanding of economic fundamentals
๐ก Ideal for: Those who prefer long-term and less stressful investments