Once you’re comfortable with the basics, this topic dives into the different strategies you can use to trade effectively:
Short-term vs. Long-term Trading:
Short-term trading: This includes strategies like day trading (buying and selling within the same day) or swing trading (holding assets for days or weeks). It requires quick decision-making, frequent monitoring, and is usually more speculative.
Long-term trading: This strategy involves holding assets for months or years, focusing on gradual growth. Investors usually rely on fundamental analysis and are less concerned with short-term price fluctuations.
Best Practices for Day Trading:
Start with small investments and only trade with money you can afford to lose.
Use real-time data and charts to make informed decisions.
Stick to your trading plan and avoid emotional trades.