Types of Trading Styles: Explained

Forex strategies often have recommendations that have the following statement:

"Suitable for Day trading" or "Best for "Swing Trading".

But what does that actually mean?

Trading Style Time Frame Trade Duration
Day Trading Short-term Trade lasts less than 1 day, never kept overnight
Swing Trading Medium-term Trade lasts for several days, up to a few weeks
Position Trading Long-term Trade lasts from several weeks to years
Scalping Short-term Trade lasts around 1 minute, but less that 5 minutes

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