TRADING STYLES (PEOPLE CALL IT TRADING STRATEGIES)
1. Scalping
2. Day Trading
3. Swing Trading
⏩ SCALPING: Scalping is a fast-paced day trading style where traders buy and sell currency pairs, holding positions for mere seconds or minutes. The goal is to capture tiny, frequent profits (often just a few pips) by capitalizing on minor market fluctuations (forex.com)
Timeframe - 1M, 5M, 15M but usually 1M and 5M
🌄DAY TRADING: Day trading is a short-term trading strategy where you buy and sell financial assets within the exact same day. All positions are completely closed before the market closes for the night.
Timeframe - 15M, 30M, 1H
🌊SWING TRADING: Swing trading is a medium-term strategy where traders hold positions for several days to weeks to capture a chunk of an expected price move. Unlike day trading or scalping, swing traders do not need to constantly monitor charts throughout the day.
Timeframe - 1D, 4H
