Briefly about the most popular trading methods
🕯 Day trading
A popular trading strategy in which the trader completes all open trades during the day.
The main task is to try to close all transactions with maximum profitability, without transferring them to the next day.
Day trading allows you to quickly learn how to analyze the market situation, identify trends and the main features of trading.
To make a profit, a day trader must have willpower, endurance and perseverance. He must be aware of the current news background, clearly monitor his risks and quickly respond to changing market events.
🔪 Scalping
A method of trading that involves creating short-term orders, sometimes this can be as short as a couple of minutes
Immediately after the chart moves in a given direction, scalpers record profits; as a rule, they do not exceed a few percent, but due to a large number of operations, you can count on daily capital gains.
This is an aggressive form of speculative trading that can make millions or destroy your entire capital.
Scalpers prefer to work in a calm market, this is a difficult and tedious task, you have to watch the market situation online on several monitors at once.
Scalping trading is the best option for traders with an impressive market background.
🧘 Hodl
One of the most popular trading strategies involves buying cryptocurrency and storing it for a long time, regardless of market volatility.
To accumulate a substantial capital, some hodlers “forget” about their investments for a couple of years, patiently waiting for it to grow.
Hodl is often chosen by experienced investors, unlike beginners who want to try everything at once, they do not strive for experiments. Hodling requires endurance and patience. For a long time, a trader does not know whether his investment in crypto will be profitable.
Holding in trading has many advantages, in particular saving time and effort.