You’ve lit dozens of candles over the years, I’ll bet: birthday candles on top of frosted cakes, scented candles to mask unpleasant odors, decorative candles during the holidays, and maybe even purely utilitarian candles when your electricity was out and you couldn’t find a flashlight. Picture the shape of a candle in your head. There’s the body, which is typically cylindrical in shape (boxy from the side), and there is a slender wick, which extends from the top. Keep that basic shape in mind, because today we’re learning how to read a candlestick chart.
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When you enter the trading world, you will find that there are many different strategies. It can be confusing until you figure out what type of trader you want to be. The process of determining what kind of trader you want to be depends a lot on your personality, time commitment, account size and skill level. In this article, we present an overview of day trading vs. swing trading so you can begin to explore what is right for you.
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In the days of yore, there were fur traders, spice traders, and textile traders, amongst others. These days, you’re more likely to run into a day trader, swing trader, or scalp trader. The question is: do you know how to distinguish between these different types of traders? If not, have no fear! Today we’re looking at swing trading vs. scalp trading. We’ll compare some of their pros and cons, giving you a glimpse into the world of investing. And if you’re interested in trading, this quick analysis might help you decide which type of trading best suits your personality and talents. Swing trading vs. scalp trading: let’s get started!
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