What is the Difference of Day, Swing, Scalping, Long & Short Term Trading

[deus030518]

Hi I am newbie in trading I just want to know what is the difference of Day Trading, Swing, Scalping, Long & Short Term Trading I am so confuse with the different types of trading. Then How can I start trading if I only have the basic knowledge in trading, and I want to start doing the trading now and I also want to earn daily profit from doing trading can anyone help me?

[1714792081]

1714792081

[1714792081]

1714792081

[1714792081]

1714792081

[manggis97]

Day trading is mean you make open potition and close it by duration aday.  And swing trading you do buy crypto and sell it in afew week later. If you do day trading your target profit should be about 7 to 40% per trade depending on the price action of the coin. And for swing  trading normally the target profit is more than 50%. And for scalping is just doing buy and sell it in a few hours or minutes. For current situation of crypto market actually will be more profitable if we doing day and also swing trading because the price of all altcoin in the bottomed and has possibility to bull run.

[richcorner100]

The different is only the duration of trading and times to spend for trading activity. If you like to do scalping and day trading you should be spend full times for that, but if you like to do long term/ swing trading you can spend just 1 hours every day.