**Hello there and welcome to the Forex Basic Course!**
we will discuss different types of trading: scalping, day trading, swing trading, and position trading.
Forex all types of trading
**Scalping**
- Let's start with scalping, which involves trading in small time frames, such as 1 minute 5 minute and 15 minutes. In this type of trading,
- we aim to make quick profits by capturing small price movements, typically around 5-10 pips. If you're unfamiliar with pips, don't worry;
- we've covered that in our previous videos. Scalping requires quick decision-making, and traders typically analyze these smaller time frames for potential entries and exits.
**Day trading**
- Next is day trading, also known as intraday trading. Here, the time frames we analyze are 5 minutes, 15 minutes, and 1 hour.
- Day trading involves holding trades for a few hours within the same day, usually around four to six hours, to realize profits or losses.
**swing trading**
- The third type is swing trading, which utilizes larger time frames. In swing trading, we focus on daily and 4-hour charts.
- Trades can last anywhere from two to five days. It's important to analyze monthly, weekly, and daily time frames to determine the best entry points.
**Positional trading**
- Finally, we have positional trading, which can last for a month or even longer. This type focuses on larger time frames, aiming for significant long-term profits.
- Traders typically analyze monthly, weekly, and daily time frames for potential trades. In summary, the four main types of trading are:
1. Scalping 2. Day Trading (Intraday) 3. Swing Trading 4. Position Trading There are also other types like news trading, which involves making quick trades based on news releases, but the four mentioned above are the most fundamental.
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